please do journal entries, t-accounts and financial statements
Problem 5-5 Beamer Biz Year 3, 2021 (See website for beginning balances) During the third year she paid the money she owed for last year's merchandise and received the money due her from last year's sales. Also, during the third year she bought 15 Beamers and sold four. The Beamers cost her $46,000 each and she sold them for $66,000 apiece. Terms for purchasing and selling the Beamers remain the same. She paid rent of $17,000, which represented the current year's rent plus the rent she owed at the end of the prior year plus January of next year's rent. She paid cash wages of $30,000 and utilities of $3,000. She issued 100 new shares of common stock on September 1" for $10,000 in exchange for a billboard sign which she expects to last 10 years and then be worth $1,000. De theory TOP R She expenses the insurance at $300 per month. She paid her annual interest to Uncle Phil. She paid the taxes she owed at the end of last year. At the end of the year she owed wages of $3,000 and taxes for the year (tax rate remains 30%) At December 31, she paid a dividend of $12,000. So how did she do the third year? (Prepare Journal Entries, T-Accounts, and Financial Statements) 233.97 DI Problem 5-5 Beamer Biz Year 3, 2021 (See website for beginning balances) During the third year she paid the money she owed for last year's merchandise and received the money due her from last year's sales. Also, during the third year she bought 15 Beamers and sold four. The Beamers cost her $46,000 each and she sold them for $66,000 apiece. Terms for purchasing and selling the Beamers remain the same. She paid rent of $17,000, which represented the current year's rent plus the rent she owed at the end of the prior year plus January of next year's rent. She paid cash wages of $30,000 and utilities of $3,000. She issued 100 new shares of common stock on September 1" for $10,000 in exchange for a billboard sign which she expects to last 10 years and then be worth $1,000. De theory TOP R She expenses the insurance at $300 per month. She paid her annual interest to Uncle Phil. She paid the taxes she owed at the end of last year. At the end of the year she owed wages of $3,000 and taxes for the year (tax rate remains 30%) At December 31, she paid a dividend of $12,000. So how did she do the third year? (Prepare Journal Entries, T-Accounts, and Financial Statements) 233.97 DI