Journalize the transactions for the current year, 2019, using the accounts listed

on the financial statements and other appropriate accounts (omit explanations).

Post the ledger-account for all accounts including the post-closing trial balance

for Bearing, Inc.

Journalize and post any necessary adjusting entries at the end of 2019 (Hint:

ltems b, c, d, e, m, o, and p require adjustments).

After the adjusting entries are posted, prepare a trial balance, a balance sheet,

and an Income statement for 2019 (Hint: Income before income taxes should

equal $8,175.). Report the Financial Statements separated.

Journalize and post closing entries for 2019 and prepare a post-closing trial

balance.

k. Paid $34,000 for sales rep's salaries, including $3,500 owed at the beginning of 2019. I. No dividends were paid during the year. m. The income taxes payable for 2019 were paid. n. For adjusting entries, all prepaid expenses are initially recorded as assets, and all unearned revenues are initially recorded as liabilities. o. At year-end, $400 worth of supplies are on hand. p. At year-end, an additional $4,000 of sales salaries are owed, but have not yet been paid. q. Income tax expense is based on a 35% corporate tax rate. Complete the follawing: 1. Journalize the transactions for the current year, 2019, using the accounts listed on the financial statements and other appropriate accounts (omit explanations). 2. Post the ledger-account for all accounts including the post-closing trial balance for Bearing, Inc. 3. Journalize and post any necessary adjusting entries at the end of 2019 (Hint: Items b,c,d,e,m,o, and p require adjustments). 4. After the adjusting entries are posted, prepare a trial balance, a balance sheet, and an Income statement for 2019 (Hint: Income before income taxes should equal $8,175.). Report the Financial Statements separated. 5. Journalize and post closing entries for 2019 and prepare a post-closing trial balance. San Juan Health Services, Inc. Balance Sheet December 31, 2018 Integrated Health Services, Inc. Income Statements For the Year Ended December 31, 2018 Integrated Health Services, Inc. Post-Closing Trial Balance December 31, 2018 The following informialion summarizes the business activity for the year, 2019 a. Issued 6,000 additional shares capital stock for $30,000 cash. b. Borrowed $10,000 on January 2,2018 , from Metropolis Bank as a long-term Ioan, Interest for the year is $700, payable on January 2, 2019. c. Paid $5,100 cash on September 1 to lease a truck for six month's rent. d. Received $1,800 on November 1 from a tenant for six month's rent. e. Paid $900 on December 1 for a one-year insurance policy. f. Purchased $250 of supplies for cash. g. Purchased inventory for $80,000 on account. h. Sold inventory for $105,000 on account; cost of the merchandise sold was $60,000. i. Collected $95,000 cash from customers' accounts receivable j. Paid $65,000 cash for inventories purchased during the year