i need the journal, ledger and unadjusted trial balance entry for the assignment!

April The company sold some outdated equipment. The old equipment had a historical cost of $10,000 accumulated depreciation of $500 and was sold for 59,300 cash Vierachter replaced the sold equipment with a $30,000 now machine and made repairs to some preexisting equipment for 510,000 to keep the equipment at full capacity. The new equipment has useful life of 3 years and no estimated salvage Kris and William reached a mutual decision to discontinue its flaging restorations segment of business, holding it for sale but continuing their restoration operations until the division was old. In addition, they determined there was ample demand to begin merchandising available in parts Vieruchter paid off all of its existing accounts payable and purchased another 5150,000 of supplies on credit, deciding that its increasing business warranted a bulk order Vierachter paid its employees the $1,000 owed from the prior quarter The company paid its estimated taxes from the first quarter. Viezuchter established a prepaid contract with a local shipping company, agreeing to repairs its trucks over a period of one year for $150,000 cash was paid by the shipping company on April 1--the contract entitles the customer to unlimited repairs over the period. William suggests the company recognize revenue ratably over the year. William invested $75,000 in debt securities and 540,000 in equity securities. William suggested Viezuchter Co. hold $50,000 of the debt securities as held to maturity and the remaining $25.000 db securities as available for sale (all det securities had a maturity of 20 years and were issued at par both issues have a 3% stated rate payable 3/31 of each year). The equity securities were all classified as trading securities William correctly suggests the following journal entry for these securities Trading Securities - Equity Securities Available for Sale Securities - Debt Securities Held-to-Maturity Securities - Debt Securities Cash 40,000 25,000 50.000 115,000 Merchandising purchase and sales log Viezuchter uses the specific identification method to assign the cost of merchandise sold. All inventory purchases are made on credit and all sales are made in cash. Viezuchter uses the perpetual system of recording inventory transactions, recording cost of goods sold with each sale on the day the sale is made Date Transaction Sale price to Cost to Viezuchter Customer Purchase N/A $30.000 4/30 Sale $31,000 $22.000 5/1 Purchase N/A $41,000 6/20 Sale $45.000 $27,000 8/5 Sale $30,000 $20,000 10/1 Purchase N/A $50,000 11/5 Sale $72,000 S42,500 4/1 . . April 2 - December 31" (for simplicity date all transactions as of 12/31) The company's invoices indicated the following repairs and restorations Repairs to diesel engines $1,100,000 Restoring cars $32.500 70% of these services were paid in cash and 30% through customers paying on credit. $125,000 of supplies were used in rendering these services Vieruchter paid its outstanding supply and inventory credit contracts for garage supplies leaving $15.000 balance to be paid in 2030 Utilities expenses incurred during these months amounted to 585,000 and were paid on 12/31. Vieruchter collected $150,000 of its credit sales Vieruchter paid its employees $300,000 for their services during 2019 and promised a $10,000 bonus based on commissions and service quotas met during the year that would be paid on January 1, 2020 Kris withdrew $120.000 at the end of the year. At December 31 After some finaling by William, Vierachter Co, faces an effective tax rate of 18% William informed Kris that the company would need to estimate the potential defaults resulting from Vieruchter's credit sales and assessed the bad debt at $2,700 at year end Additional notes for advanced transactions Investment accounting - recording fluctuations in value The available for sale securities had an unrealized net loss of $2,000 in value and the trading securities had an unrealized net gain of $4,500 in value, while its held-to-maturity securities had an unrealized net gain or S1,000. William notes that the appropriate accounting treatment for unrealized gains and losses for trading and available-for-sale securities uses an adjunct account "Security Fair Value Adjustment to mark the investments to their market value on the balance sheet. These journal entries are recorded as follows: 12/31 Unrealized loss - available-for-sale securities $2,000 Security Fair Value Adjustment - available-for-sale securities 2.000 Security Fair Value Adjustment - trading securities $4,500 Unrealized gain-trading securities 4,500 He notes that the unrealized gains from the held-to-maturity securities are not recorded until sold but reminds you that 3% annual interest should be accrued on all debt securities whether they are classified as available-for-sale or held-to-maturity Investment accounting - closing unrealized gains and losses While unrealized gains on trading securities impact net income and flow through retained carings, the unrealized losses recorded on available-for-sale securities bypass net income and are recorded as other comprehensive income. Consequently, these are not closed to retained earnings but to accumulated other comprehensive income as follows: Alt Ctrl 12/31 Accumulated Other Comprehensive Income Deferred Tax Asset $1,600 Unrealized Holding Loss on Available for Sale 360 William notes that we must account for the impact that selling us a loss would have on our future norme 2,000 Taxes. If we sold the securities at a $2,000 loss position, this would result in tax savings of 160; hence. the deferred tax asset is recorded Discontinued segment - restorations segment William knew the discontinued restoration division would require separate footnote presentation and prepared the following balance of assets and liabilities that pertained to that division Book value Fair value Cash 16.000 $ 16.000 Accounts receivable $ 2,000 $ 2.000 Garage supplies $ 6.750 $ 6.750 Equipment $ $ Accumulated depreciation $(3.000) Accounts payable S 6,750 5 6,750 Net value $ 30,000 $ 23,000 $ 5.000 15.000 3.000 William also attributed 10% of all operating expenses to the discontinued division and suggested the following journal entry to recognize impairment of the discontinued division: 12/31 Impairment Loss $7,000 Accumulated Depreciation Equipment Equipment 10,000 Kris decided to prepare financial statements for the second through fourth quarters of operations. See assigament #2. April The company sold some outdated equipment. The old equipment had a historical cost of $10,000 accumulated depreciation of $500 and was sold for 59,300 cash Vierachter replaced the sold equipment with a $30,000 now machine and made repairs to some preexisting equipment for 510,000 to keep the equipment at full capacity. The new equipment has useful life of 3 years and no estimated salvage Kris and William reached a mutual decision to discontinue its flaging restorations segment of business, holding it for sale but continuing their restoration operations until the division was old. In addition, they determined there was ample demand to begin merchandising available in parts Vieruchter paid off all of its existing accounts payable and purchased another 5150,000 of supplies on credit, deciding that its increasing business warranted a bulk order Vierachter paid its employees the $1,000 owed from the prior quarter The company paid its estimated taxes from the first quarter. Viezuchter established a prepaid contract with a local shipping company, agreeing to repairs its trucks over a period of one year for $150,000 cash was paid by the shipping company on April 1--the contract entitles the customer to unlimited repairs over the period. William suggests the company recognize revenue ratably over the year. William invested $75,000 in debt securities and 540,000 in equity securities. William suggested Viezuchter Co. hold $50,000 of the debt securities as held to maturity and the remaining $25.000 db securities as available for sale (all det securities had a maturity of 20 years and were issued at par both issues have a 3% stated rate payable 3/31 of each year). The equity securities were all classified as trading securities William correctly suggests the following journal entry for these securities Trading Securities - Equity Securities Available for Sale Securities - Debt Securities Held-to-Maturity Securities - Debt Securities Cash 40,000 25,000 50.000 115,000 Merchandising purchase and sales log Viezuchter uses the specific identification method to assign the cost of merchandise sold. All inventory purchases are made on credit and all sales are made in cash. Viezuchter uses the perpetual system of recording inventory transactions, recording cost of goods sold with each sale on the day the sale is made Date Transaction Sale price to Cost to Viezuchter Customer Purchase N/A $30.000 4/30 Sale $31,000 $22.000 5/1 Purchase N/A $41,000 6/20 Sale $45.000 $27,000 8/5 Sale $30,000 $20,000 10/1 Purchase N/A $50,000 11/5 Sale $72,000 S42,500 4/1 . . April 2 - December 31" (for simplicity date all transactions as of 12/31) The company's invoices indicated the following repairs and restorations Repairs to diesel engines $1,100,000 Restoring cars $32.500 70% of these services were paid in cash and 30% through customers paying on credit. $125,000 of supplies were used in rendering these services Vieruchter paid its outstanding supply and inventory credit contracts for garage supplies leaving $15.000 balance to be paid in 2030 Utilities expenses incurred during these months amounted to 585,000 and were paid on 12/31. Vieruchter collected $150,000 of its credit sales Vieruchter paid its employees $300,000 for their services during 2019 and promised a $10,000 bonus based on commissions and service quotas met during the year that would be paid on January 1, 2020 Kris withdrew $120.000 at the end of the year. At December 31 After some finaling by William, Vierachter Co, faces an effective tax rate of 18% William informed Kris that the company would need to estimate the potential defaults resulting from Vieruchter's credit sales and assessed the bad debt at $2,700 at year end Additional notes for advanced transactions Investment accounting - recording fluctuations in value The available for sale securities had an unrealized net loss of $2,000 in value and the trading securities had an unrealized net gain of $4,500 in value, while its held-to-maturity securities had an unrealized net gain or S1,000. William notes that the appropriate accounting treatment for unrealized gains and losses for trading and available-for-sale securities uses an adjunct account "Security Fair Value Adjustment to mark the investments to their market value on the balance sheet. These journal entries are recorded as follows: 12/31 Unrealized loss - available-for-sale securities $2,000 Security Fair Value Adjustment - available-for-sale securities 2.000 Security Fair Value Adjustment - trading securities $4,500 Unrealized gain-trading securities 4,500 He notes that the unrealized gains from the held-to-maturity securities are not recorded until sold but reminds you that 3% annual interest should be accrued on all debt securities whether they are classified as available-for-sale or held-to-maturity Investment accounting - closing unrealized gains and losses While unrealized gains on trading securities impact net income and flow through retained carings, the unrealized losses recorded on available-for-sale securities bypass net income and are recorded as other comprehensive income. Consequently, these are not closed to retained earnings but to accumulated other comprehensive income as follows: Alt Ctrl 12/31 Accumulated Other Comprehensive Income Deferred Tax Asset $1,600 Unrealized Holding Loss on Available for Sale 360 William notes that we must account for the impact that selling us a loss would have on our future norme 2,000 Taxes. If we sold the securities at a $2,000 loss position, this would result in tax savings of 160; hence. the deferred tax asset is recorded Discontinued segment - restorations segment William knew the discontinued restoration division would require separate footnote presentation and prepared the following balance of assets and liabilities that pertained to that division Book value Fair value Cash 16.000 $ 16.000 Accounts receivable $ 2,000 $ 2.000 Garage supplies $ 6.750 $ 6.750 Equipment $ $ Accumulated depreciation $(3.000) Accounts payable S 6,750 5 6,750 Net value $ 30,000 $ 23,000 $ 5.000 15.000 3.000 William also attributed 10% of all operating expenses to the discontinued division and suggested the following journal entry to recognize impairment of the discontinued division: 12/31 Impairment Loss $7,000 Accumulated Depreciation Equipment Equipment 10,000 Kris decided to prepare financial statements for the second through fourth quarters of operations. See assigament #2