I NEED THE JOURNAL ENTRIES PLEASE

Pgina de 8 0 - ZOOM + Comparative Balance Sheet Data $ 2019 4,000 12,950 35,000 12,000 900 2020 Cash $ 39,835 Accounts Receivable 17,500 Dividends Receivable 1,000 Inventory 42.000 Prepaid rent 3,000 Prepaid insurance 2.100 Office supplies 1.000 Long-term investments 20.000 Land 125,000 Building 350,000 Accumulated depreciation, Building (105,000) Equipment 525,000 Accumulated depreciation, Equipment (130,000) Patent 45.000 Total assets $ 936,435 750 30.000 175,000 350,000 (87,500) 400,000 (112,000) 50.000 $ 871,100 $ 30,000 4,000 3,000 10.000 Accounts payable Income taxes payable Wages payable Short-term notes payable Dividends payable Unearned Income Accrued Liabilities Long-term notes payable Bonds payable Common stock ($10 par) Paid-in capital in excess of par Retained earnings Treasury Stock Total liabilities and equity $ 26,000 5,000 5,000 10.000 1,500 500 5,303 60,000 415,000 290,000 46,410 106.722 (35,000) $ 936,435 2.000 10.853 70,000 415.000 220.000 17,500 88.747 $ 871,100 Pgina de 8 0 - ZOOM + Income Statement $1,160,000 748.000 412,000 276,400) 135,600 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Other revenues/expense Gain on sale of land Gain on sale of long-term investment Dividend revenue Interest expense Income before taxes Income tax expense Net income 8,000 4.000 2,400 (51,750) 37,350) 98,250 39.400 58,850 Pgina de 8 0 - ZOOM + Other Important Information Affecting Investing and/or Financing Activities There are no non-cash transactions affecting investing activities. The only sales of assets are the ones reflected on the income statement. Make journal entries, including accounting equation impact, for the following transactions (this will be part of your grade): o On April 1, 2020, the company paid $14 per share for Treasury Shares. To remember how this affected financial position, review this in Chapter 12. On Sept. 1, 2020, the company declared and issued a 5% stock dividend on outstanding shares when the market price of the stock was $17. To remember how this impacts financial position, review this in Chapter 12. All other transactions affecting Contributed Capital and Retained Earnings occurred after Sept. 1, 2020. There were no prior period adjustments