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I need help with #1 please do all parts which include a, b and c. Thanks! 1a Use the horizontal model, or write the journal

I need help with #1 please do all parts which include a, b and c. Thanks!

1a Use the horizontal model, or write the journal entry, for each of the following transactions and adjustments that occurred during the first year of operations at Kissick Co.

a. Issued 100,000 shares of $5-par-value common stock for $500,000 in cash.

b. Borrowed $250,000 from Oglesby National Bank and signed a 12% note due in three years.

c. Incurred and paid $190,000 in salaries for the year.

d. Purchased $320,000 of merchandise inventory on account during the year.

e. Sold inventory costing $290,000 for a total of $455,000, all on credit.

f. Paid rent of $55,000 on the sales facilities during the first 11 months of the year.

g. Purchased $75,000 of store equipment, paying $25,000 in cash and agreeing to pay the difference within 90 days.

h. Paid the entire $50,000 owed for store equipment and $310,000 of the amount due to suppliers for credit purchases previously recorded.

i. Incurred and paid utilities expense of $18,000 during the year.

j. Collected $412,000 in cash from customers during the year for credit sales previously recorded.

k. At year-end, accrued $30,000 of interest on the note due to Oglesby National Bank.

l. At year-end, accrued $5,000 of past-due December rent on the sales facilities.

*All of the below values I placed on the table from a-l are correct, but SOME ARE MISSING*

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1b There are 13 entries in this journal entry worksheet which relates to problem a-1

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1c. Below are the transactions and adjustments that occurred during the first year of operations at Kissick Co

a. Issued 100,000 shares of $5-par-value common stock for $500,000 in cash.

b. Borrowed $250,000 from Oglesby National Bank and signed a 12% note due in three years.

c. Incurred and paid $190,000 in salaries for the year.

d. Purchased $320,000 of merchandise inventory on account during the year.

e. Sold inventory costing $290,000 for a total of $455,000, all on credit.

f. Paid rent of $55,000 on the sales facilities during the first 11 months of the year.

g. Purchased $75,000 of store equipment, paying $25,000 in cash and agreeing to pay the difference within 90 days.

h. Paid the entire $50,000 owed for store equipment and $310,000 of the amount due to suppliers for credit purchases previously recorded.

I. Incurred and paid utilities expense of $18,000 during the year.

j. Collected $412,000 in cash from customers during the year for credit sales previously recorded.

k. At year-end, accrued $30,000 of interest on the note due to Oglesby National Bank.

l. At year-end, accrued $5,000 of past-due December rent on the sales facilities.

Required:

a. Prepare an income statement (ignoring income taxes) for Kissick Co.'s first year of operations and a balance sheet as of the end of the year. (Hint: You may find it helpful to prepare T-accounts for each account affected by the transactions.)

***(The Income Statement is correct )*** I need the KISSICK CO. Balance Sheet please review all but note that only the Stockholder's Equity part is missing something (the numbers are correct)

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