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please answer every page shown how it was shown. I need to put the beggining and transactions into journal entries. then to T accounts and
please answer every page shown how it was shown. I need to put the beggining and transactions into journal entries. then to T accounts and trial balances. then put it on financial statements as shown in order.
Instructions Please use the attached Excel spreadsheet and complete each of the tabs shown at the bottom On the first tab is the starting information and the transactions that need to be recorded. The second tab is where you should put the journal entries to record the transactions On the third tab is the T accounts and trial balance for you to post your journal entries On the fourth tab is where you should put the financial statements and answer the question Save your answers and then upload them to the dropbox for grading Transactions for January of 2020 1/3/1900 Paid interest payable plus $3,000 toward long term debt 1/2/2020 Paid salaries payable 1/3/2020 Purchased inventory (500 units at \$46) on credit 1/4/2020 Paid shipping on inventory of $250 1/6/2020 Purchased supplies on credit for $850 1/9/2020 Received $2,500 from customers for products to deliver in March 1/10/2020 Sold 600 units on credit with a sales price of $105 (assume perpetual LIFO) 1/15/2020 Purchased inventory (700 units at \$47) 1/20/2020 Paid $41,600 on accounts payable 1/21/2020 Collected $121,350 in cash from customers in payment for earlier sales 1/22/2020 Wrote offaccounts receivable for $815 1/25/2020 Sold 200 units on credit with a sales price of $105 (still perpetual LIFO) 1/26/2020 Paid wages to employees for work done in January $31,000 1/26/2020 Received utility bill for $7,200 for utilities used in January that will be paid in February 1/31/2020 Delivered 100 units of product to customers that they paid 10,000 for in 2019 (unearned revenue) 1/31/2020 Counted supplies and found $1,240 remaining 1/31/2020 Employees worked and earned $4,700 in January that will not be paid until February 1/31/2020 Interestat 1296 per year on the long term debt (new balance/ has not been paid 1/31/2020 The prepaid insurance will last 4 months into 2020 before a new policy will be required 1/31/2020 The allowance for bad debts is estimated at 4% of total accounts receivable 1/31/2020 A count ol inventory showed that 50 units were damaged such that they are worthless and will be thrown away ecarcor thes fom the internet can contain vituses. Unless you need to edit, it's safer to stay in Income Statement For January 2020 Balance Sheet as of January 31, 2020 How many units and at what cost are in inventory to start February? Statement of Equity for January 2020Step by Step Solution
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