Instructions: You must turn in the work performed on the sheets printed with this page. This WILL NOT BE ACCEPTED ON PLAIN PAPER Write the journal entries (on the following General Journal page) required for each of the events described below. Write the entries in the order described below (1 - #8). Use ONLY the accounts listed on the trial balance for your journal entries. Post the transactions to individual T-accounts and prepare an adjusted trial balance for your assigned company from page one as of December 31, 2017. Fello 1. The company purchased a building December 1, 2017 with a LT Mortgage Payable of $300,000 at 8% interest. (Record the purchase of the building.) 2. The company issued 1,000 shares of Common Stock for $6,000 on December 25, 2017 3. On December 29, 2017 the company declared a cash dividend of $3.00 per share for common stock on the shares issued and declared (including the additional 1,000 shares issued on December 25.) 4. The terms of the LT mortgage payable from #1 above require the company to make monthly installment payments over the term of the loan. Each payment consists of interest on the unpaid balance of the loan and a reduction of loan principal. Record the first monthly payment of $3,800 on the LT Mortgage Payable on December 31, 2017 5. The company last paid interest on the ST note payable on November 1, 2017. Record the accrued Interest expense for the last 2 months of 2017. The annual interest rate is 8%. Round to nearest whole dollar. 6. The Bonds Payable and related Premium amounts on the Nov, trial balance relate to the Jan. 1, 2017 issuance of the following bonds: On Jan. 1, 2017, the company issued 10%, 10-year bonds when the market rate for similar investments was 8%. The company pays interest each year on January 14. On Dec 31, 2017, use the effective interest method of amortizing the premium on bonds payable to accrue the interest expense for 2017. Round your Interest expense calculation to the nearest whole dollar 7. The Unearned Revenue amount on the Nov. trial balance relates to amounts that the company previously collected in cash for sales that were to be completed in the future. The company completed some of these sales during December and now owes only $10,000 of that unearned revenue. Record the necessary adjustment for December 31, 2017. 8. On December 31, 2017, the company purchased 50 shares of its own Preferred Stock for Treasury Stock for $11 per share. YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT. You AIN jou be ans. Om Financial Salut im YOU MUST SUBMIT ALL HANDWRITTEN PAGES OF THIS DOCUMENT Part 1: Insert the Trial Balance HERE Apple Mountain Company Trial Balance 11/30/17 Dr Cr Cash 162,000 Accounts Receivable 1124.000 Allowance for Doubtful Accounts 1,000 Short Term Note Receivable 50,000 Supplies 55,000 Inventory 62,000 Equipment 75,000 Building 0 Accumulated Depreciation 32,000 Copyright 94,000 Accounts Payable 12,000 Dividends Payable Interest Payable Unearned Revenue 14,000 ST Note Payable 15.000 LT Mortgage Payable 0 Bonds Payable 200.000 Premium on Bonds Payable 26,840 Common Stock - $1.50 par 105,000 Paid In Capital In Excess of Par-CS 86.000 Preferred Stock - $5 par 1.000 Paid In Capital In Excess of Par-PS 50,000 Treasury Stock Retained Earnings 3,500 Dividends 2.000 Sales Revenue 490,160 Sales Returns & Allowances 7.000 Sales Discounts 3.000 Cost of Goods Sold 46,000 Bad Debts Expense 5,000 Depreciation Expense 16,000 Wages Expense 160,000 Rent Expense 98,000 Insurance Expense 25,000 Supplies Expense 16,000 Interest Revenue 1,000 Interest Expense 6,500 Gain on Sale of Equipment 15,000 Income Tax Expense 46.000 Total 1,052,500 1,052,500 OU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION. SUBMIT AS ONE PDF DOCUMENT