income statement and balance sheet please!!!

Note: Be sure to fill in all of the yellow cells for the financial statements. Use the amounts in the adjusted trial balance to create your income statement. The order of the accounts Aagust 6: Pane purchases land with cash, An the time of purchase, Pase also had to pay for survey fees related to the land. K Norember 1: Pane lends ose of their empleyees $200,000 in exchange for a note receirable. The employee is required to pay Pane badk for the principal and interest en September 1,2019. Principal Interest Rate 5200,000 9 9/1/2019 L Norember 15: Pane sales additional goods to customers en accoum. M SalesonaccountCostofGoodssold$20,000,000$6,350,000 in December1:Panepodhasesapieceofmachinerywitheashthatwillassistinmaking"T-Panes"CostofMachineryInstallationFiesTransportatianCosts$850,000$4,250$1,030 N December 10. Pane collects a portion of their accounts receivable 0 Amaunt collected $43,758,000 0 Income Tax Paid $,52,000,000 The payroll information for the year is shown below. All salaries however this activity has net been recoeded on Pane's books. Number of Emplopees Emplayee payment (daily) Days worhed in the current year 200 $175 250 On December 31, Fane was notified that their one of their custemers filed bankruptcy and would not be able to pay off their $3,000 i On December 31, Fane paid cash dividends of $8,000 to its shareholders. STOP: Post each of the preceding journal entries to the appropriate T-Accounts before preparing the adjusting journal entries. Year-End Adjusting Entries: Recognize the revenue eamed from the rent paid in transaction B. Recognize the expiration of the prepaid insurance pelicx, purchased in transaction D. Recognize the imterest earned on the note receirable issoed in transaction K Record the bad debt exsense for the year, assuming uses 3 of accounts rectivable to estimate their usoellectible accounts. Deprediation Expense for the year is 2,556,000 Amortiation Expense for the year is 3,000 Post each of the adjusting journal entries to the appropriate T-Accounts- DO NOT prepare closing journal entries yet Pane in the Glass Company (Pane) is a glass manufacturer based out of California. They produce a number of glass products including car windows and windshields, windows for houses, stained glass windows, and a number of other specialty products. The following information pertains to the fiscal year ending December 31, 2018: At the beginning of the 2018, the company's 1/1/2018 trial balance was as follows: Other assumptions for the year a. Depreciation and amortization are computed using the straight line method. b. Pane uses a perpetual system to track their inventory. c. Pane uses the percentage of receivables method to estimate their bad debt expense d. Pane has a year end of December 31, 2018 Pane in the Glass Company Balance Sheet December 31, 2018 Assets Current Assets Less: Allowance for Bad Debts Total Current Assets Property and Equipment Less: Accumulated Depreciation Total Property and Equipment Intangible Assets Less: Accumulated Amortization Total Intangible Assets TOTAL ASSETS Liabilities Current Liabilities Total Current Liabilities Total Liabilities Stockholder's Equity Contributed Capital Total Contributed Capital Retained Earnings Total Stockholder's Equity TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY Note: Be sure to fill in all of the yellow cells for the financial statements. Use the amounts in the adjusted trial balance to create your income statement. The order of the accounts Aagust 6: Pane purchases land with cash, An the time of purchase, Pase also had to pay for survey fees related to the land. K Norember 1: Pane lends ose of their empleyees $200,000 in exchange for a note receirable. The employee is required to pay Pane badk for the principal and interest en September 1,2019. Principal Interest Rate 5200,000 9 9/1/2019 L Norember 15: Pane sales additional goods to customers en accoum. M SalesonaccountCostofGoodssold$20,000,000$6,350,000 in December1:Panepodhasesapieceofmachinerywitheashthatwillassistinmaking"T-Panes"CostofMachineryInstallationFiesTransportatianCosts$850,000$4,250$1,030 N December 10. Pane collects a portion of their accounts receivable 0 Amaunt collected $43,758,000 0 Income Tax Paid $,52,000,000 The payroll information for the year is shown below. All salaries however this activity has net been recoeded on Pane's books. Number of Emplopees Emplayee payment (daily) Days worhed in the current year 200 $175 250 On December 31, Fane was notified that their one of their custemers filed bankruptcy and would not be able to pay off their $3,000 i On December 31, Fane paid cash dividends of $8,000 to its shareholders. STOP: Post each of the preceding journal entries to the appropriate T-Accounts before preparing the adjusting journal entries. Year-End Adjusting Entries: Recognize the revenue eamed from the rent paid in transaction B. Recognize the expiration of the prepaid insurance pelicx, purchased in transaction D. Recognize the imterest earned on the note receirable issoed in transaction K Record the bad debt exsense for the year, assuming uses 3 of accounts rectivable to estimate their usoellectible accounts. Deprediation Expense for the year is 2,556,000 Amortiation Expense for the year is 3,000 Post each of the adjusting journal entries to the appropriate T-Accounts- DO NOT prepare closing journal entries yet Pane in the Glass Company (Pane) is a glass manufacturer based out of California. They produce a number of glass products including car windows and windshields, windows for houses, stained glass windows, and a number of other specialty products. The following information pertains to the fiscal year ending December 31, 2018: At the beginning of the 2018, the company's 1/1/2018 trial balance was as follows: Other assumptions for the year a. Depreciation and amortization are computed using the straight line method. b. Pane uses a perpetual system to track their inventory. c. Pane uses the percentage of receivables method to estimate their bad debt expense d. Pane has a year end of December 31, 2018 Pane in the Glass Company Balance Sheet December 31, 2018 Assets Current Assets Less: Allowance for Bad Debts Total Current Assets Property and Equipment Less: Accumulated Depreciation Total Property and Equipment Intangible Assets Less: Accumulated Amortization Total Intangible Assets TOTAL ASSETS Liabilities Current Liabilities Total Current Liabilities Total Liabilities Stockholder's Equity Contributed Capital Total Contributed Capital Retained Earnings Total Stockholder's Equity TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY