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Wow reteres Current Atrempt in Progrest Aquacium World L.td. (AWV) was incorporated in 2017 and imports fsh tanks and related supplles for thes saltwater aguarium market. AWL, peimarily imports from Asian supptiers and is a wholesales supplvine independent retallers in Western Canada Durins the month of January 2020, AWL had the following transactions Regular entries Jan. 1 In order to better service its growing business and manage its inventory more effectively, AWL purchased new computer equipment to run its inventory system for \\( \\$ 135,000 \\), paying cash. AWL's management determined that the new computer equipment would have a useful life of 5 years and have a residual value of \\( \\$ 9.000 \\) 1 AWL also entered into an agreement to lease a warehouse. This would allow the company to import larger shipments from its Asian suppliers and reduce the impact of the long shipping times. In accordance with the lease terms. AWL paid \\$15.000, which represented the first six months'rent in advance. 13 A major hotel contacted AWL about supplying it with an 8-metre saltwater aquarium for the lobby, AWL agreed to this and received a \\( \\$ 44,000 \\) payment from the hotel. AWL ordered the tank the same day and it was scheduled to arrive on February 25. AWL has guaranteed that it will be installed before the end of February. 14 AWL paid its employees \\( \\$ 7,000 \\) for wages earned during the furst two weeks of January. 15 AWL's board of directors declared dividends in the amount of \\( \\$ 17.000 \\), which will be paid February 15. 19 AWL made sales totalling \\( \\$ 62,000 \\). Of this, half was cash and the balance was on accoun The cost to AWL of the products sold was \\( \\$ 30,000 \\). djusting entries: 19 AWL made sales totalling 562,000 . Of this, half was cash and the balance was on account. The cost to AWL af the products sold was \\( \\$ 30,000 \\). Adjusting entries: Prepare the journakentries and adjusting entries for the above transactions, (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No Entry' for the account titles and enter o for the amounts.) Question 4 of 5 \\( -17= \\) Jan. 19 (To rcoord salc of goods) (To record the cost) Adjusting entries: (To record wages earned by empioyees) Question 4 of 5 \\( -11: \\equiv \\) (To record sale of goods) (To record the cost) Adjusting entries: (To recond wages camed by employees) (To record depreciation) (To record warehouse lease) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
