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please help me with the following; adjusted trial balance, post closing trial balance,income statement,statement of retained earnings,balance sheet,closing entry,financial statement using the datas in the
please help me with the following; adjusted trial balance, post closing trial balance,income statement,statement of retained earnings,balance sheet,closing entry,financial statement using the datas in the photo
Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on A pril 3 for $23. d. Purchased softwar on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6,$13. 8. Signed a $25 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 collected in cash. i. Recognized salaries and wages expense on Deoember 9.$85 paid in cash. j. Collected accounts receivable on December 10,$24. Data for adjusting journal entries as of December 31: k. Unre corded amortization for the year on sottware, $5. L. Supplies counted on December 31, 2021, \$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to acerue on notes payable. o. Salarien and wages caried but not yet puid or reconded, $12. p. Income tax for the year was $8. It will be poid in 2022 . Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on A pril 3 for $23. d. Purchased softwar on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6,$13. 8. Signed a $25 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 collected in cash. i. Recognized salaries and wages expense on Deoember 9.$85 paid in cash. j. Collected accounts receivable on December 10,$24. Data for adjusting journal entries as of December 31: k. Unre corded amortization for the year on sottware, $5. L. Supplies counted on December 31, 2021, \$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to acerue on notes payable. o. Salarien and wages caried but not yet puid or reconded, $12. p. Income tax for the year was $8. It will be poid in 2022 Step by Step Solution
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