Question
in 2020 the following events took place for company X. 1) a loan was granted to a subsidiary 25000 2) deposit in the bank account
in 2020 the following events took place for company X. 1) a loan was granted to a subsidiary 25000 2) deposit in the bank account 12000 concerning a subsidy of salary expenses for the year 2020 for the trainee students 3) 1/9/2020 the company took a short-term loan of 100.000 with an interest rate of 4.5%. The loan will be repaid together with the interest in one year on 31/8/21 4) 1/10/20 a deposit was made in the bank 18000, they concerned rents from the income of an apartment that the company has for the period 1/10 / 20-31 /3/ 2021 5.) 4000 insured goods were stolen from the warehouse 6. For the theft from 5. the company registered a claim from the insurance 80% of the value of the goods 7. Various materials were purchased 2150, with a previous down payment of 1000, 750 checks and the remaining cash. 8. 1/11/2020 an amount of 10000 was prepaid to an advertising company related to an advertising campaign for 1/11/2020 until 31/3/2021 9. Goods sold 26000 (16000 in bills and the rest in cash) 10.30 / 11/2020 an old machine was sold for 6000 with promissory notes which will be collected in the next fiscal year. The acquisition price of the machine was 20,000 and its accumulated depreciation until 2019 was 12,000. The machine has a useful life of 20 years 11. 1/12/2020 company paid in cash to the insurance company one year insurance premium 1/12 / 20-30 / 11/2021. The cost of insurance was 12000 12. 30/12/20 2 employees were fired, of whom the total compensation was 11000 and was paid on January 21st. 13. 31/12/2020 were paid in cash, staff remuneration 16000 while the employer contributions were 3500 and the deductions of 3000 were due to the insurance funds of the employees. The payroll tax was 2800 14. 31/1/2021 the company received the electricity bill for the period 1/12/20 to 31/1/2021 amounting to 2600.
on 31/12/2020 was the inventory count where it was found that 1. 650 cheques receivables were stolen from the safe 2. payment of expenses 1100 had happened with the use of the bank account but was registered as having been done with cash 3. A fine that the company received from the tax authorities for 2200 was not registered.
4. The inventory of goods and various materials at the end of the year was 7000 and 600 respectively, while the same inventories for the beginning of the year were 9000 and 400 5. Depreciation of fixed assets is calculated based on the method of fixed depreciation taking into account the following data
purchase cost 1/1/20 | depreciated | Residual value | useful life | |
Buildings | 210000 | 60000 | 10000 | 40 |
Machines | 106000 | 46000 | 0 | 20 |
Trucks | 8400 | 5880 | 0 | 10 |
Furniture | 6800 | 2720 | 0 | 5 |
Question:Do the journal entries for the company, along with the adjusting journal entries from the data from the inventory counting and the rest of the events.
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