Please just the income statement and balance sheet thank you!!
balance 4 Suzanne Johnson has just provided you with the attached beginning balances for 2017. Assume this trial 15 has been correctly prepared. Plush's year end is December 31st. 16 (A) Using the Excel General Journal spreadsheet in this file, record the 2017 transactions listed below AND the necessary year end adjusting journal entries. Label the transactions in numeric sequence corresponding to the numbers below. Each of the transactions below requires a journal entry. Note that there is a debit and credit 17 control total at the top of the general journal so that you can check after each entry to see if you are in balance. 18 . Issued an additional 10,000 shares of common stock on January 2. The stock was sold for $80,000, which 19 equals the par value of the stock 20 2. Purchased store equipment for $10,000 cash on January 3 21 3. Provided services for cash of $35,000 on February 5 22 4. Provided services on credit for $90,000 on February 10 23 5. Received bill and paid utilities of $15,000 on February 15 24 6. Paid sales salaries of $30,000 on March 1 25 7. Incurred legal fees of $6,000 on April 10, but did not pay for these services 26 & Declared and paid dividends to stockholders of $2,000 on April 30 27 9. Collected $25,000 for services to be provided over the coming year on June 30 28 10. Paid $72,000 for a three-year insurance policy on July 10 with coverage beginning on August 1 29 11. Paid $1,000 for a three-week equipment rental on September 10 30 12. Collected $10,000 from the February 10 transaction on October 20. 31 13. Paid $1,000 of the amount owed for legal fees incurred on April 10 on November 18. 32 14. Sold land with cost of $100,000 for $120,000 cash on December1 Suzanne also provided you the following information that she thoug ht may be helpful in preparing the year-end 33 financial statements 34 35 36 37 38 year. (lgenore payroll taxes and withholdings) 15. As of December 31, Plush has not recorded any insurance expense for the year. The only insurance policyit owns is the one purchased in #10 above. 16. Plush depreciates its store equipment at a rate of $8,000 per year. Depreciation expense has not been recorded as of December 31 17. For the fees collected on June 30 (#9 above), Plush estimated that 30% of the service fees collected in advance had been earned by the end of the year 18. Plush received a timesheet from a field technician indicating that services amounting to $35,000 had been provided that need to be billed to customers and recorded. 19. Plush incurs salaries of $4,000 at the end of the ycar. The next payroll date is January 2 of the following 39 te: Do not prepare the closing journal entries at this point! Closing journal entries should be prepared as 40 part of step C below (B) "Post journal entries 1-19 from the General Journal to the Excel spreadsheet of T-accounts in this file. Al necessary T-accounts have been provided. This should be completed through the use of Excel referencing formulas rather than retyping the numbers in your T-accounts. Please also place the number of each transaction balance 4 Suzanne Johnson has just provided you with the attached beginning balances for 2017. Assume this trial 15 has been correctly prepared. Plush's year end is December 31st. 16 (A) Using the Excel General Journal spreadsheet in this file, record the 2017 transactions listed below AND the necessary year end adjusting journal entries. Label the transactions in numeric sequence corresponding to the numbers below. Each of the transactions below requires a journal entry. Note that there is a debit and credit 17 control total at the top of the general journal so that you can check after each entry to see if you are in balance. 18 . Issued an additional 10,000 shares of common stock on January 2. The stock was sold for $80,000, which 19 equals the par value of the stock 20 2. Purchased store equipment for $10,000 cash on January 3 21 3. Provided services for cash of $35,000 on February 5 22 4. Provided services on credit for $90,000 on February 10 23 5. Received bill and paid utilities of $15,000 on February 15 24 6. Paid sales salaries of $30,000 on March 1 25 7. Incurred legal fees of $6,000 on April 10, but did not pay for these services 26 & Declared and paid dividends to stockholders of $2,000 on April 30 27 9. Collected $25,000 for services to be provided over the coming year on June 30 28 10. Paid $72,000 for a three-year insurance policy on July 10 with coverage beginning on August 1 29 11. Paid $1,000 for a three-week equipment rental on September 10 30 12. Collected $10,000 from the February 10 transaction on October 20. 31 13. Paid $1,000 of the amount owed for legal fees incurred on April 10 on November 18. 32 14. Sold land with cost of $100,000 for $120,000 cash on December1 Suzanne also provided you the following information that she thoug ht may be helpful in preparing the year-end 33 financial statements 34 35 36 37 38 year. (lgenore payroll taxes and withholdings) 15. As of December 31, Plush has not recorded any insurance expense for the year. The only insurance policyit owns is the one purchased in #10 above. 16. Plush depreciates its store equipment at a rate of $8,000 per year. Depreciation expense has not been recorded as of December 31 17. For the fees collected on June 30 (#9 above), Plush estimated that 30% of the service fees collected in advance had been earned by the end of the year 18. Plush received a timesheet from a field technician indicating that services amounting to $35,000 had been provided that need to be billed to customers and recorded. 19. Plush incurs salaries of $4,000 at the end of the ycar. The next payroll date is January 2 of the following 39 te: Do not prepare the closing journal entries at this point! Closing journal entries should be prepared as 40 part of step C below (B) "Post journal entries 1-19 from the General Journal to the Excel spreadsheet of T-accounts in this file. Al necessary T-accounts have been provided. This should be completed through the use of Excel referencing formulas rather than retyping the numbers in your T-accounts. Please also place the number of each transaction
