please! create Journal entries, adjusted account entries, t-accounts and trial balance and financial statements.

thank you

151

thank you!

1 Balance Sheet for end of 2019 2 Assets Transactions for January of 2020 3 Cash 77,250 + Accounts Receivable (net of allowance of 7 237,884 1/3/00 Paid interest payable plus $3,000 toward long term debt 5 Inventory 45,500 (1000 units at $45.50 each) 1/2/20 Pald salaries payable Prepaid insurance 1,600 1/3/20 Purchased inventory (500 units at $46) on credit 7 Supplies 1,625 1/4/20 Pald shipping on inventory of $250 . Total Current Assets 363,859 1/6/20 Purchased supplies on credit for $850 9 1/9/20 Received $2,500 from customers for products to deliver in March 10 Property, plant and Equipment, Net 177,500 1/10/20 Sold 600 units on credit with a sales price of 105 (assume perpetual LIFO) 11 Land 32,000 1/15/20 Purchased inventory (700 units at $47) 12 1/20/20 Paid $41,600 on accounts payable 13 Total Assets 573,359 1/21/20 Collected $121,350 in cash from customers in payment for earlier sales 14 1/22/20 Wrote off accounts receivable for $815 35 Liabilities 1/25/20 Sold 200 units on credit with a sales price of $105 (still perpetual LIFO) 16 Accounts Payable 94,552 1/26/20 Pald wages to employees for work done in January $31,000 12 Unearned Revenue 45.200 1/26/20 Received utilty bill for $7,200 for utilities used in January that will be paid in February Interest Payable 2.100 1/31/20 Delivered 100 units of product to customers that they paid 10,000 for in 2019 (unearned revenue) 19 Salaries Payable 6,600 1/31/20 Counted supplies and found $1,240 remaining Total Current Labaties 148,452 1/31/20 Employees worked and earned $4,700 in January that will not be paid until February 21 1/31/20 Interest at 12% per year on the long term debt (new balance) has not been paid 22 Long Term Debt 246,100 1/31/20 The prepaid insurance will last 4 months into 2020 before a new policy will be required 33 1/31/20 The allowance for bad debts is estimated at 4% of total accounts receivable Total Liabilities 394,552 1/31/20 A count of Inventory showed that 50 units were damaged such that they are worthless and will be thrown away 25 26 Capital Stock 100,000 27 Retained Earnings 78,807 28 29 Total Liabilities and Stockholders 573,359 Own Prid G Ono SIM + Dividend Hotel Trade ca Acetece Allowance Junglies Inventory Presidin Property Plan land Accu Pay Wapest interest Payable Created RN Long Term Date Capital Stock Read Earnings Die Pad Sales Cast of des Up ace Wages en were per Sidebt per Supplies Espen tory bem Supe 21 1 Jump D G H B Income Statement For January 2020 Sales Cost of Goods Sold Gross Profit Utilities Exp Insurance Exp Wages Expense Interest Expense Bad Debt Expense Supplies Expense Net Income Balance Sheet as of January 31, 2020 Cash Acct Receivable Allowance Supplies Inventory Prepaid Insurance Property Plant and Equip Land Accounts Pay Wages Payable Interest Payable Unearned Rev Long Term Debt Capital Stock Retained Earnings How many units and at what cost are in inventory to start February Statement of Equity for January 2020 Capital Stock Retained Earnings Beginning s Net Income Ending 3 Balance Sheet for end of 2019 Aset Cash Accounts Receivable set of allowance of 7200) Inventory Prepaid Insurance Supplies Total Cament Atleti Property. Plant and coument, Net Land Total Transactions orary of 2020 77,250 237584 1/3/00 Paid interest payable plus $3.000 toward long term ditt 45.500 1000 units at $45.50 177/20 Paides pays 1.500 1/3/20 Purchased to 1500 un 506 on credit 165 11/20 Padico vetory of 5250 353 1/6/20 Purchased this on crot for S150 1/1/20 Received $2,500 from customers for products to deliver in March 177.500 1/10/20 Stunts on credit with a sale price fostume perpetual LIFO) 32.000 115/20 chased or 7005171 1/20/20 Paid 541.600 on payable 573.350 1/11/20 Collected 5121.35 inch from customers in perforator sabes 122/20 Wrote of accounts recevai 15 1/25/20 Sold 200 units on credit with a price of 5105 perpetuato 552 1/26/20 paid was to employees for work in a 531.000 45.200 1/25/20 Received utility bill for 57,200 foties used in ianuary that will be paid in February 2.100 1/31/20 Delivered 100 units of product to customers that they paid 10.000 for in 2019 ranned revenue 1/31/20 counted and found 51,240 remaining 128452 1/31/20 Employees worked and med 54.700 in January that will not be paid unti February 1/31/20 Interest at 12% per year on the long term debt frew balance) has not been paid 246.100 1/11/20 The prepaid race will last 4 months into 2000 before a new policy will be required 1/31/20 The allowance for badet is estimated at 4% of total accounts relatie 34,552 1/31/20 A court inventory showed that suits were damaged such that they are worthless and will be thrown away Labs Accounts Payable Untamed Revenue Interest Payable Salaries Payable Total Current Labels 6.600 Long Term Debe Total Liabilities Capital Stock Retained Earnings 100,000 78307 Total Liabilities and Stockholders Equity 513399 Art Cash Art Babe Cennet redag Sales perty tungen Capital Red Trance Cuk Tout of Good Sold y Preside Prod Al B Au Pay We weerstaan Unande Ime Capace dar wa We Porce CatGoods Sold panas Wagen tatt Suppe