i need help completing the first 2 pics, the third is the completed journal. please help!!
Required information [The following information applies to the questions displayed below] Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $80,000 by paying $26,000 cash and signing a $54,000 note due in two years. In its accounting system, the company recards the vehicle distinct from other types of January 8 After the bus was used for nearly one week, it was painted with the logos of the two bands at a equipment. cost of $650, on account. The logos did not increase the lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be usefut in promoting the bands. January 30 Wrote a check for the amount owed on account for the work conpleted on January \&. February 1 Purchased new speakers and amplifiers and wrote a check for the fult s21, bee cost. February 8 Paid $550 cash for minor repairs to the tour bus. March 1 Paid \$26, 00e cash and signed a $220,000 five-year note to purchase a small office building and tand. An appraisal indicated that the building and land contributed equally to the total price. March 31 Paid $85, 0e0 cash to acquire the gooduill and certain tangible assets of Kris' Myth, Incorporated. The fair values of the tangible assets acquired were $15,000 for band equipsent and $55,000 for recording equipment. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The bullding is depreciated using the double-declining-bolance method, with a 10-year useful life and residual value of $26,000. TIPCalculate depreciation from the acquisition date to the end of the quarter. 3. Prepare a joumal entry to record the depreciation caiculated in requirement 2 . Complete this question by entering your answers in the tabs below. For the tangible and hitangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Paimer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The building is depreciated using the double-declining-balance method, with a 10 -year useful life and residual value of $26,000. TIP: Calculate depreciation from the acquisition date to the end of the quarter. (Do not round intermediate calculations.) Required information [The foliowing information applies to the questions displayed below] Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $80,090 by paying $26,060 cash and signing a $54,000 note due in two years. In its accounting system, the company records the vehicle distinct fron other types of equipment. January 8 After the bus was used for nearly one week, it was painted with the logos of the two bands at a cost of 5650 , on account. The logos did not increase the lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be usefut in promoting the bands. January 30 wrote a check for the anount owed on account for the work completed on January 8. February 1 purchased new speakers and anplifiers and wrote a check for the full $21, b6e cost. February 8 Paid $550 cash for minor repairs to the tour bus. March 1 Paid $26,600 cash and signed a $220,000 tive-year note to purchase a snall office buitding and land. An appraisal indicated that the building and land contributed equally to the total price. March 31 Paid $85,000 cash to acquire the goodwill and certain tangible assets of Kris' Myth, Incorporated. The fair values of the tangible assets acquired were $15,800 for band equipnent and $55,020 for recording equiptent. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment. and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The bullding is depreciated using the double-declining-balance method, with a 10 -year useful life and residual value of $26,000. TIP: Calculate depreciation from the acquisition date to the end of the quarter. 3. Prepare a journal entry to record the depreciation calculated in requirement 2. Complete this question by entering your answers in the tabs below. Prepare a fournal entry to record the depreciation calculated in requirement 2. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a 554,000 note due in two years. In its accounting system, the company records the vehicle distinct fron other types of equipment. January 8 After the bus was used for nearly one week. it was painted with the togos of the two bands at a cost of $65s, on account. The togos did not increase the Lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be wseful in promoting the bands. January 3e Wrote a check for. the anount owed on account for the work completed on January 8 . February 1 Purchased new speakers and anolitiers and wrote a check for the ful1 $21,coscost February B Paid $550 cash for minor repairs to the tour bus. Harch 1 Paid $26, ece cash and signed a $222, eed 1 ive-year note to purchase a saall office building and land. An appraisat indicated that the building and land contributed equally to the total price. Harch 31 Paid $85, 000 cash-to acquire the goodrith and certain tangible assets of Kris'. Myth, Incorporated. The fair values of the tangible assets acquired mere 515,000 for band equipecht and 555,803 for recording equiptent. 1.b. Prepare the journal entries for each of the above transoctions. 2. For the tangible and intongible assets acquired in the preceding trenststions, determine the amount of. depreciation and amortization that Palmer Cook Murle Productions should report for the quarter ended Mareh 31 . For comvenionce, the equipment and vehicle are deprecipted the some way, using the stuaight-ine method with a useful lifo of five years and no residual value. The bulding is depreciated uning the double-declining-baiance method, with a 10 -year useful ISe and tesidual value of $26,000. TP. Calculate depreciation from the acquisition date to the end of the quatter. 3. Prepace a joumal entry to record the depreciation calculeted in rocuitement 2 . Complete this question by entering your answers in the tabs below. Prepare the joumal entries for esch of the above trancactions. (th no entry is required for a transactionvevent, select "No Journal Entry Required" in the First account fieid.) Required information [The following information applies to the questions displayed below] Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $80,000 by paying $26,000 cash and signing a $54,000 note due in two years. In its accounting system, the company recards the vehicle distinct from other types of January 8 After the bus was used for nearly one week, it was painted with the logos of the two bands at a equipment. cost of $650, on account. The logos did not increase the lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be usefut in promoting the bands. January 30 Wrote a check for the amount owed on account for the work conpleted on January \&. February 1 Purchased new speakers and amplifiers and wrote a check for the fult s21, bee cost. February 8 Paid $550 cash for minor repairs to the tour bus. March 1 Paid \$26, 00e cash and signed a $220,000 five-year note to purchase a small office building and tand. An appraisal indicated that the building and land contributed equally to the total price. March 31 Paid $85, 0e0 cash to acquire the gooduill and certain tangible assets of Kris' Myth, Incorporated. The fair values of the tangible assets acquired were $15,000 for band equipsent and $55,000 for recording equipment. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The bullding is depreciated using the double-declining-bolance method, with a 10-year useful life and residual value of $26,000. TIPCalculate depreciation from the acquisition date to the end of the quarter. 3. Prepare a joumal entry to record the depreciation caiculated in requirement 2 . Complete this question by entering your answers in the tabs below. For the tangible and hitangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Paimer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The building is depreciated using the double-declining-balance method, with a 10 -year useful life and residual value of $26,000. TIP: Calculate depreciation from the acquisition date to the end of the quarter. (Do not round intermediate calculations.) Required information [The foliowing information applies to the questions displayed below] Palmer Cook Music Productions manages and operates two bands. The company entered into the following transactions during a recent year. January 2 Purchased a tour bus for $80,090 by paying $26,060 cash and signing a $54,000 note due in two years. In its accounting system, the company records the vehicle distinct fron other types of equipment. January 8 After the bus was used for nearly one week, it was painted with the logos of the two bands at a cost of 5650 , on account. The logos did not increase the lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be usefut in promoting the bands. January 30 wrote a check for the anount owed on account for the work completed on January 8. February 1 purchased new speakers and anplifiers and wrote a check for the full $21, b6e cost. February 8 Paid $550 cash for minor repairs to the tour bus. March 1 Paid $26,600 cash and signed a $220,000 tive-year note to purchase a snall office buitding and land. An appraisal indicated that the building and land contributed equally to the total price. March 31 Paid $85,000 cash to acquire the goodwill and certain tangible assets of Kris' Myth, Incorporated. The fair values of the tangible assets acquired were $15,800 for band equipnent and $55,020 for recording equiptent. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment. and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The bullding is depreciated using the double-declining-balance method, with a 10 -year useful life and residual value of $26,000. TIP: Calculate depreciation from the acquisition date to the end of the quarter. 3. Prepare a journal entry to record the depreciation calculated in requirement 2. Complete this question by entering your answers in the tabs below. Prepare a fournal entry to record the depreciation calculated in requirement 2. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a 554,000 note due in two years. In its accounting system, the company records the vehicle distinct fron other types of equipment. January 8 After the bus was used for nearly one week. it was painted with the togos of the two bands at a cost of $65s, on account. The togos did not increase the Lifespan, operating capacity, or operating efficiency of the bus, but they were thought to be wseful in promoting the bands. January 3e Wrote a check for. the anount owed on account for the work completed on January 8 . February 1 Purchased new speakers and anolitiers and wrote a check for the ful1 $21,coscost February B Paid $550 cash for minor repairs to the tour bus. Harch 1 Paid $26, ece cash and signed a $222, eed 1 ive-year note to purchase a saall office building and land. An appraisat indicated that the building and land contributed equally to the total price. Harch 31 Paid $85, 000 cash-to acquire the goodrith and certain tangible assets of Kris'. Myth, Incorporated. The fair values of the tangible assets acquired mere 515,000 for band equipecht and 555,803 for recording equiptent. 1.b. Prepare the journal entries for each of the above transoctions. 2. For the tangible and intongible assets acquired in the preceding trenststions, determine the amount of. depreciation and amortization that Palmer Cook Murle Productions should report for the quarter ended Mareh 31 . For comvenionce, the equipment and vehicle are deprecipted the some way, using the stuaight-ine method with a useful lifo of five years and no residual value. The bulding is depreciated uning the double-declining-baiance method, with a 10 -year useful ISe and tesidual value of $26,000. TP. Calculate depreciation from the acquisition date to the end of the quatter. 3. Prepace a joumal entry to record the depreciation calculeted in rocuitement 2 . Complete this question by entering your answers in the tabs below. Prepare the joumal entries for esch of the above trancactions. (th no entry is required for a transactionvevent, select "No Journal Entry Required" in the First account fieid.)