PLEASE ONLY PREPARE ADJUSTED TRIAL BALANCE THANK YOU

Financial Statement Homework #3 Name YOU MUST SUBMIT ALL HANDWRITTEN PAGES OF THIS DOCUMENT Part 1: Insert the Trial Balance HERE Beber Mountain Company Trial Balance 11/2017 IO 124000 SOLEDO 623000 3250 94,000 22 23300 300000 26,640 205.000 66.000 1,000 So. 000 Accounts Receivable Allowance on DoulACCOUNTS Short Term Note Receivable SUNG Inventory Equipment Building Accumulated Depreciation Copyright Accounts Payable Dividends Payable Interest Payable Unearned Revenue IST Note Payable LT Mortgage payable Bonds. Payable Premium on Bonds Payable Common Stock-$25 par Paldin Capitalin Excess of Parcs Preferred SOCKS per Padin captain Excess of Par-PS Treasury Stock Retained Earnings Dividends Sales Revenue Sales Returns Allowances Sales Discounts Cost of Goods Sold Bad Debts Expense Depreciation Expense Wages Expense Rent Expense Insurance Expense Supplies Expense Interest Revenue Interest Expense Gan on Sale of Equipment Income Tax Expense Total 2.000 7600 3,000 46.000 5.000 16,000 167,500 98.000 25,000 16.000 1000 6.500 15.000 46.000 1,070,000 1.070,000 1 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT Instructions: You must tum in the work performed on the sheets printed with this page. This WILL NOT BE ACCEPTED ON PLAIN PAPER Write the journal entries on the following General Journal page) required for each of the events described below. Write the entries in the order described below (1) Use ONLY the accounts listed on the trial balance for your journal entries balance for your signed company from page one as of December 31, 2017 1. The company purchased a building December 1, 2017 with a LT Mortgage payable of $300,000 t interest. (Record the purchase of the building.) 2. The company issued 1,000 shares of Common Stock for $6,000 on December 25, 2017 3. On December 29, 2017 the company declared a cash dividend of $3.00 per share for common stock on the shares issued and declared (including the additional 1,000 shares issued on December 29) 4. The terms of the LT mortgage payable from #1 above require the company to make monthly installment payments over the term of the loan. Each payment consists of interest on the unpaid balance of the loan and a reduction of loan principal. Record the first monthly payment of $3,800 on the LT Mortgage Payable on December 31, 2017 5. The company last paid interest on the ST note payable on November 1, 2017. Record the accrued Interest expense for the last 2 months of 2017. The annual interest rate is 8%. Round to nearest whole dollar 6. The Bonds Payable and related Premium amounts on the Nov. trial balance relate to the Jan 1, 2017 Issuance of the following bonds: On Jan 1, 2017, the company issued 10%, 10-year bonds when the market rate for similar investments was 8%. The company pays interest each year on January 1". On Dec 31, 2017, use the effective interest method of amortizing the premium on bonds payable to accrue the interest expense for 2017. Round your interest expense calculation to the nearest whole dollar 7. The Unearned Revenue amount on the Nov. trial balance relates to amounts that the company previously collected in cash for sales that were to be completed in the future. The company completed some of these sales during December and now owes only $10,000 of that unearned revenue. Record the necessary adjustment for December 31, 2017. 8. On December 31, 2017, the company purchased 50 shares of its own Preferred Stock for Treasury Stock for $11 per share. 2 YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ONE PDF DOCUMENT. ADJUSTED TRIAL BALANCE 12/31/17 De YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION. SUBMIT AS ONE PDF DOCUMENT