IMGA Q2: Below are listed amounts for Copa Company Learning Service as of Dec 31, 2016: Cash 20.000 Supplies 10,000 Share Capital 200.000 Notes payable 45.000 Land 150.000 Building 60.000 Equipment 50.000 Patent 24.000 Accumulated depreciation equipment 5000 Accounts receivable 45.000 Salaries & wages payable 50.000 Mortgage payable (due in 3 years) 100,000 Account payable 10,000 Goodwill 66.000 Uneamed Service Revenue 45.000 Inventory 35.000 Short Term Investment 45,000 Intes. Pasable 50.000 Instructions: Prepare a classified Balance Sheet (Pinancial Position Statement) at Dec 2016 Q3: Below are listed amounts for Snowgo Merchandising Company as of Dec 31, 2016 Sales Revens 100.000 COR of good purchased 30,000 Beginning Inventory 20.000 Salines and Wages en 15.000 Boding Inventory 10.000 Rentepe 10,000 Instructions: a. Calculate the cost of Goods Sold for Soongo Merchandising Company 1. Prepare the income statement for Snow Merchandising Company at Dec 2016 101 days late. Q1: Kinney's Repair Ltd. Was started on May 1. A summary of May transactions is presented below. 1** May, Shareholders invested $ 20,000 cash in exchange for ordinary shares. 3rd May, Purchased $ 1,500 of supplies on account from Hartigs Supply Company. 8th May, Paid office rent of $ 99 cash for the month. Instructions: a. Journalize the transactions. b. Post to the appropriate ledger accounts. e. Prepare a trial balance on May 31, 2017