Please help me, thank you!!!!
Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 2005) 2018 2017 $ 36 $ 28 7 Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 28 26 105 201 (35) $ 425 80 230 (70) $ 390 $ 26 $ 39 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds ShareholdersEquity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock (at cost) 200 20 61 (12) $ 425 $ 390 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 2005) Revenues Sales revenue $ 280 Dividend revenue 7 $ 287 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 00s) Revenues Sales revenue $ 280 Dividend revenue 7 $ 287 Expenses Cost of goods sold $ 165 Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense $ 39265 Net income $ 22 Additional information from the accounting records: a. A building that originally cost $52,000, and which was three-fourths depreciated, was sold for $6,000. b. The common stock of Byrd Corporation was purchased for $2,000 as a long-term investment c. Property was acquired by issuing a 11%, seven-year, $25,000 note payable to the seller. d. New equipment was purchased for $23,000 cash. e. On January 1, 2018, bonds were sold at their $25,000 face value. f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time. g. Cash dividends of $12,000 were paid to shareholders. h. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000. Required: Prepare the T-accounts for Dux Company. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Cash Beg. Bal. Operating Activities: Required: Prepare the T-accounts for Dux Company. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Cash Beg. Bal. Operating Activities: Investing Activities: Financing Activities: End. Bal. Accounts Receivable Inventory Beg. Bal. Beg. Bal. End. Bal. End. Bal. Dividends Receivable Long-term Investments Beg. Bal. Beg. Bal. Required information Dividends Receivable Long-term Investments Beg. Bal. Beg. Bal. End. Bal. End. Bal. Land Buildings and Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries Payable Interest Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Income Tax Payable Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Required information Salaries Payable Interest Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Income Tax Payable Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Bonds Payable Discount on Bonds Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Paid-in Capital Beg. Bal. Beg. Bal. End. Bal. End. Bal. Retained Earnings Treasury Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Required information Retained Earnings Treasury Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Dividend Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Cost of Goods Sold Salaries Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Depreciation Expense Bad Debt Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Loss on Sale of Building Interest Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Required information HA End. Bal. End. Bal. Cost of Goods Sold Salaries Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Depreciation Expense Bad Debt Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Loss on Sale of Building Interest Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Net Income (Income Summary) Income Tax Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal
