Please fill out general journal, income statement, balance sheet, statement of CF$,$ and analysis

The triel balance of Pecilio Security Services, Inc. as of January 1, Year 11, had the following normal balances. 125,ae 124,816 During Year 11, Pecilio Security Services experienced the following transections: 1. Paid the sales tax payable from Year 10. 2. Paid the balance of the payroll liabilities due for Year 10 (federal income tax, FICA taxes, and unemployment taxes). 3. Issued 5,000 edditionel shares of the SS per velue common stock for $8 per share 4. Issued 1,000 shares of $50 stated value, S percent cumulative preferred stock for SS2 per shore. S. Purchased $500 of supplies on account. 6. Purchased 190 alarm systems at o cost of S310_ Cosh was paid for the purchese_ 7. After numerous attempts to collect from customers, V.'Tte off $3,670 of uncollectible accounts receivable. 8. Sold 210 alarm systems for S600 each plus soles tax of S percent. All soles were on account Record the cost of goods sold related to the sale from Event 8 using the FIFO method. 10 Billed S125,OOO of monitoring services for the year. Credit cero seles amounted to $58,000, and the credit card company charged e 4 percent fee. The remaining $67,000 were seles on account Soles tax is not charged on this service. 11. Replenished the petty cash fund on June 30. The fund had SIO cash and receipts of $75 for yard mowing end SIS for office supplies expense. 12. Collected the amount due from the credit cord company. Paid the sales tax collected on $105,000 of the elerm sales. 14 Collected S198,OOO of accounts receivable during the yeer_ Paid installers end other employees a total of $96,000 for seleries for the yeer_ Assume the Social Security tax rote is 6 percent and the Medicere tax rate is I.S percent Federal income taxes withheld amounted to $10,600. No employee exceeded $110,000 in total wages. The net salaries were paid in cash. 16. On October 1, declared dividend on the preferred stock and o $1 per share dividend on the common stock to be paid to shareholders of record on October IS, payable on November 1, Year 11. Paid Sl,62S in warranty repairs during the year 18. On November 1, Year 11, paid the dividends that had been previously declared. Paid S18,SOO of advertising expense during the year. Paid S6,100 of utilities expense for the year. 21. Paid the payroll liabilities, both the amounts withheld from the salaries plus the employer share of Social Security tax end Medicare 17. 18 19 20 21. 22 23 Cash Petty cash Accounts receivable Allowance for doubtful accounts Suppl ies merchandise inventory (48 @ $300) Equipment Building Accumulated depreciation Land Sales tax payable Employee incorre tax payable FICASociaI Security tax payable FICAMedicare tax payable Warranty payable Unemployment tax payable Notes payableBuilding Bonds payable Discount on bonds payable Cornon stock Retained earnings S 113,718 39, 39e 4,662 14 4e 9, ae 27 ,e 28,075 2s,ae l,ae 92, 762 5,ae 5,ae 13 15 17 20 O ulVluenu un O per un Lu pelu VO shareholders of record on October IS, payable on November 1, Year 11. Paid Sl,62S in warranty repairs during the year On November 1, Year 11, paid the dividends that had been previously declared. Paid S18,SOO of advertising expense during the year. Paid S6,100 of utilities expense for the year. Paid the payroll liabilities, both the amounts withheld from the salaries plus the employer share of Social Security tax end Medicare tax, on $88,000 of the salaries plus $9,200 of the federal income tax that was withheld. Paid the accounts payeble_ Paid bond interest end amortized the discount. The bond was sued in Year 10 end pays interest ot 6 percent. 24. Paid the annual installment of $14,238 on the amortized note. The interest rete for the note is 7 percent. Adjustment 25 There wes $190 of supplies on hand ot the end of the year. 26 Recognized the uncollectible accounts expense for the year using the allowance method. Pacilio now estimates that 1 percent of sales on account will not be collected. 27. Recognized depreciation expense on the equipment, ven, and building. The equipment, purchased in Year 8, hes o five-year life and e $2,000 selvage value The van hos four-year life and e S6,OOO selvage value. The building hos 40-yeer life end a SIO,OOO selvage value The compony uses straight-line for the equipment and the building. The von is fully depreciated. 28. The alarm systems sold in transection 8 were covered with a one-year warranty. Pecilio estimated that the warranty cost would be 2 percent of alarm selee 29. The unemployment tax on the three employees hos not been paid. Record the accrued unemployment tax on the salaries for the year. The unemployment tex rete is 4S percent end gross wages for all three employees exceeded $7,000. 30. Recognized the employer Social Security and Medicare payroll tax that hes not been paid on $8,000 of salaries expense. Gen eral Requirement Journal General Trial Balance Statement of Income Balance Sheet Analysis Ledger Statement Prepare the journal entries to record transactions (1) through (24). Then prepare the necessary adjusting entries (25) through (30) to correctly report net income for the period. Then record the closing entries (31) through (33) as of December 31, Year 11. (If no entry is required for a transaction, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollars.) shmu View transacon list Journal entry worksheet 2 3 4 5 Paid the sales tax payable from Year 10. Gen eral Requirement Journal 6 General Ledger 33 Income Statement Statement of Trial Balance Balance Sheet Analysis Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on selection. However, you will need to calculate and enter the amount of the net income or loss for the period. Unadjusted Pacilio Security Services, Incorporated Income Statement the Year Ended December 3 Year Revenues Total Revenues Expenses Total Operating Expenses Net Operating Income Non-operating Items yur (Er&- in order of rpguidit,'.) Eq uity ztA1 Eguty General Requirement Journal General Ledger Trial Balance Income Statement Statement of : Balance Sheet Prepare the statement of cash flow for year ended December 31, Year 11. (Amounts to deducted shoc minus sign.) Security Services , Statement of Cash Flows the Year Ended December 31, Year 1 Cash flows from operating activities: , Net cash flow from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balance