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please help me solve 2b i dont know. 1. Acquired $890,000 of cash from the owners. 2. Purchased $340,000 of manufacturing equipment. The equipment has

please help me solve 2b i dont know.
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1. Acquired $890,000 of cash from the owners. 2. Purchased $340,000 of manufacturing equipment. The equipment has a 544,000 salvage value and a four-year useful life. Label the purchase of the equipment as Event 2a and the recognition of depreciation as Event 2b. 3. The company started and completed 6,488 modens. Direct materials purchased and used amounted to 554 per unit. 4. Direct labor costs amounted to $39 per unit. 5. The cost of manufacturing supplies purchased and used amounted to $18 per unit. 6. The company paid $64,000 to rent the manufacturing facility. 7. Solomon sold all 6,480 units at a cash price of $190 per unit. Label the recognition of the sale as Event 7a and the cost of coods sold as Event 7b. (Hint: It will be necessary to determine the manufacturing costs in order to record the cost of goods sold.) 8. The sales staff was paid a $13.00 per unit sales commission. 9. Paid $53,000 to purchase equipment for administrative offices. The equipment was expected to have a $4,400 salvage value and a three-year useful life. Label the purchase of the equipment as Event 9a and the recognition of depreciation as Event 9b. 10. Administrative expenses consisting of office rental and salaries amounted to $78,950. Required a. Record the transaction data for Solomon Modems, Inc. In the financial statements like the one shown as follows. The first transaction is recorded as an example. b-1. Prepare an income statement b-2. Prepare a balance sheet Complete this question by entering your answers in the tabs below. Reg A Reg 1 Reg B2 Record the transaction data for Solomon Modems, Inc. In the financial statements like the one shown as follows. The first transaction is recorded decreases to account balances with a minus sign. Do not round intermediate calculations, Round your answers to the nearest whole dollar amount SOLOMON MODEMS, INC. Balance Sheet Income Statement Event Assets Equity No. Manul Office Common Cash Inventory Retained Rev. Equip Equip Stock Exp. . Net Inc, Earnings 1 890,000 890,000 - 20 (340,000) 340,000 2b (74,000) + . . . . . . . . IN 145 AM

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