Please please, I need help!!

You are the controller at Star Wars, Inc. you must Create Journal Entries for the following transactions.

On Dec. 1 Paid off balance of $45,800 owed to Ewok Inc. No discount applies.

On Dec. 1 Sold 250 units to Storm Troopers Unlimited on account for $800 each.

On Dec. 2 Received a check in the amount of $23,569 from Jango Fett Inc. in full payment of an invoice dated November 27 in the amount of $24,050.

On Dec. 2 Paid bill of $2,010 to Star Destroyer Repairs in payment of fighter repairs.

On Dec. 3 Sold 200 units to Vader Enterprises on account for $805 each.

On Dec. 3 Paid Greedo Inc. $59,420 in full payment of an A/P balance

On Dec. 6 Purchased 500 units from Calrisian's Components on account for $360 each, terms net/45

On Dec. 6 Paid $65,471 to Wamp Rat, Co. in full payment of the invoice from Nov.

On Dec. 6 Received a notification that Bosk Co. has declared bankruptcy and collection of the amounts Bosk Co. owes is unlikely. The accounts receivable balance should be written off.

On Dec. 7 Received a check in the amount of $45,000 from R2D2 Computers in partial payment of the balance they owe (no discounts apply) from a Nov. 15 sale of $95,900

On Dec. 7 Received a check in the amount of $49,294 from C3PO Co. in full payment of a sales invoice dated Nov. 27 for $50,300.

On Dec. 7 Sold 185 units to Jango Fett, Inc. on account for the amount of $810 each.

On Dec. 10 Received payment of $72,863 from Jabba's Huts, Inc. in full payment of an invoice dated Nov. 30 for $74,350.

On Dec. 10 Sold 300 units to Wookie Inc. on account for $810 each.

On Dec. 10 Paid bill for $720 for special effects consulting. Use misc. expenses.

On Dec. 10 Purchased 400 units from Land Speeder, Inc. on account for $365 each, terms n/30

On Dec. 11 Paid bi-weekly wages via payroll checks. The payroll summary is below: Employee wages (gross) $5,210 FICA taxes withheld 399 Federal income taxes withheld 980 State income taxes withheld 240 Net pay $3,591 Employer's payroll taxes: FICA tax $399 (no FUTA or SUTA)

On Dec. 11 Received payment of $22,000 from C3PO Co. in full payment for an invoice dated Nov. 14th. No discount applies.

On Dec. 11 Sold 305 units to Princess Leia Co. for a total of $815 each on account.

On Dec. 12 Sold 165 units to R2D2 Computers on credit for $815 each.

On Dec. 12 Paid invoice dated Nov. 12 in the amount of $37,829 (no discounts apply). The supplier was Count Dooku Consulting.

On Dec. 12 Paid $75,250 to Ewok Inc. for an invoice dated Nov. 28.

On Dec. 13 Received payment from Endor Limited for an invoice dated November 15th in the amount of $27,120.

On Dec. 13 Sold 250 units to Vader Enterprises on account for $820 each.

On Dec. 14 Received payment from Jango Fett Inc. from the Dec. 7th sale. Fett Inc. qualifies for the discount.

On Dec. 14 R2D2 Computers receives an allowance for 50 units from the Dec. 13 sale for decrease in sales of $41,000 ($820 each).

On Dec. 15 Received payment from Wookie Inc. for the Dec. 10 sale, net of the discount.

On Dec. 17 Paid off purchase from Dec. 10 to Land Speeder Inc.

On Dec. 17 Yoda, Inc. agrees to convert its overdue $20,000 A/R balance into a 12% note due in 10 months.

On Dec. 18 Purchased a new supercomputer from Palpatine Computing Co. for $38,000. A down payment of $5,000 was paid immediately, the remainder is owed within 45 days (n/45). Use the equipment account.

On Dec. 18 Purchased 400 units of product from Tattooine Ltd. For $375 each on credit, terms n/60

On Dec. 19 Purchased 100 units from Tattooine Inc. for $376 each on credit, terms n/60

On Dec. 19 Cash sales for 310 units was $800 each.

On Dec. 19 Paid $877 telephone bill from November to Galaxy Far, Far Away Communications Inc. Use Misc. expenses.

On Dec. 20 Received payment from Princess Leia Co. from the Dec. 11 sale.

On Dec. 20 Paid Federal withholding taxes of $13,521, and FICA withholdings of $3,825 to the US Treasury Department. These amounts were previously recorded as liabilities. The amounts were paid with one check.

On Dec. 21 Sold Storm Troopers Unlimited 320 units of product for $825 per unit on credit.

On Dec. 21 An uninhabited moon orbiting the planet of Star Wars, Inc.'s headquarters is acquired by issuing 20,000 shares of unissued common stock. The moon has a fair value of $1,200,000. The moon is immediately used for operations. The moon is considered land.

On Dec. 21 A bill from Han Solo, Esquire is received for legal services performed related to the acquisition of the moon. The total of the bill is $7,000 and is paid immediately.

On Dec. 24 Purchased office supplies from Naboo Stationery Co. for $3,227 in cash. Treat the supplies as an asset.

On Dec. 24 Purchased 200 units of inventory from Calrisian's Components for $380 each on credit, terms net/45

On Dec. 26 Sold 235 units of product to Jango Fett, Inc. for $825 each on credit.

On Dec. 26 R2D2 Computers agrees to convert a $50,900 overdue A/R balance into a 13% note due in 6 months. The original sale was from a Nov. 15 sale. Previously, R2D2 paid $45,000 of the balance off.

On Dec. 26 Paid $375 for postage costs. Use misc. expenses.

On Dec. 27

Paid bi-weekly wages via payroll checks. The payroll summary is below:

Employee wages (gross) $6,120

FICA taxes withheld 468

Federal income taxes withheld 1,567

State income taxes withheld 355

Net pay $3,730

Employer's payroll taxes:

FICA tax $468

(no FUTA or SUTA)

On Dec. 27 Star Wars, Inc. repurchases 1,000 shares of its own stock from an investor for $45 per share. The repurchase is recorded as Treasury Stock at its repurchase cost.

On Dec. 27 Paid $10,500 for ordinary repairs and maintenance on star ships.

On Dec. 28 Star Wars, Inc. sold a used Star Destroyer to Chewbacca and Sons Co. for $30,100 cash. The original cost of the Star Destroyer was $200,000 with a salvage value of $25,000, a useful life of 10 years, and accumulated depreciation of $100,000 through the end of last fiscal year. Note: you will need to record 1/2's years depreciation for this year before recording the sale (the company policy is to depreciate assets for 1/2 year in the year of acquisition and disposal). Star Wars, Inc. uses the straight-line method to depreciate Star Destroyers. Note: record depreciation expense first, then the disposal.

On Dec. 28 Paid the A/P balance to Tattoine Inc from the 12/19 purchase. No discount applies.2w.On Dec. 28 The Board of Directors of Star Wars Inc. declares a $2.50 per share cash dividend to be paid in January of the next year. You will need to determine the number of shares outstanding. See instructions for the beginning amount and don't forget to take into account previous transactions involving new shares issued. Take the amount directly out of retained earnings.

On Dec. 28 Paid bill for advertisements run on Dec. 15th. The bill was for $9,150.

On Dec. 28 Received payment from Vader Enterprises from the Dec. 13 sale. No discount applies.

On Dec. 30 Purchased 280 units of product from Hyperspace Unlimited for $385 per unit on credit, terms n/30

On Dec. 31 Sold 180 units to Vader Enterprises for $830 each on credit.

On Dec. 31

The petty cash custodian performs the month-end reconciliation and totals the receipts as follows:

Postage stamps used $58

Courier costs $73

Company lunch costs $61

Office decorations $30

$68 of cash remained on hand. Record the entry to reimburse the petty cash fund. Book any overage or shortage to Petty Cash Overage/Shortage. Use Misc. expense for all costs noted above.

On Dec. 31 Deposited $30,000 in a bond sinking fund (related to paying back bonds payable). Use the Other assets account for the debit.

On Dec. 31 Record the journal entry to decrease the petty cash fund to $250 from $300.

Preparing general journal adjusting entries:

a) The interest accrued at 12/31 of this year on the note payable (current) of $65,000 at 12% needs to be accrued. You will need to calculate only one month's interest (previous months' interest have already been recorded). Interset will be paid next year.

b) A warehous lease payment of $32,150 was made on Sept. 1 of this year for rental through Feb. 28th of next year. The amount was booked to prepaid rent on Sept 1. Adjust for the used up portion of prepaid rent for Sept to Dec of this eyar. Roudn to the nearest $1.

c) $4,120 is owed for utilities used through the edn of the eyar. The A/P balance goes to Naboo Utilities Co.

d) Depreciation must be recorded for the entire year given the following information:

Assets Acquisition Date Cost Estimated Life Salvage Depreciation method

Building 11/15/07 $1,100,000 25 years $100,000 straight-line

Star ship #1 4/1/09 $60,000 55,000 parsecs $5,000 units of production(parsecs)(6,500 parsecs this yr.)

Star ship #2 9/1/11 $80,000 140,000 parsec $10,000 units of production(parsecs)(11,000 parsecs this yr.)

Star destroyer #2 3/29/09 $205,400 10 years $5,400 straight-line

Star Destroyer #3 9/16/10 $217,465 10years $17,465 straight-line

Office equipment 11/15/11 $891,500 10 years $0 double declining balance

Supercomputer 12/18/14 $38,000 4years $5,000 double declining balance

(note: the company takes years depreciation in the year of acquisition)

Round to the nearest dollar for total depreciation

Star ships and Star Destroyers are considered star ships on the balance sheet. Office Equipment and the Supercomputer are considered equipment on the balance sheet.

The above list does not include the Star Destroyer that was sold in December

The office equipment has been depreciated up to the beginning of this year. You will need to calculate this years depreciation. Note the beginning accum depr balance, as you will need it to calculate this years double declining balance depr.

e) The annual provision for bad debt is recorded as 5% of ending A/R. Use the allowance method. Round to the nearest $1.

f) The interest revenue accrued to Dec. 31 of this year on notes receivable is composed of the following:

ben Kenobi, Inc. $3,250

Yoda, Inc. 92

R2D2 Computers 91

g) The insurance premium outstanding at the beginning of the year ($4,940) covers the period of Jan. 1 to August 31 of this year (therefore it is now expired). The insurance premium paid in August of this year (for $10,500) runs from September of this year to August of next year. Record the expired insurance (both the insurance coverage that ended in Aug. of this year and the one that started in Sept. of this year).

h) Interest has accrued at 6.5% on the long-term notes payable since July 1 of this year.

i) Office supplies on hand at the end of the year totaled $577.

j) The six month interest payment on the bonds payable is due Jan. 3 of next year for the six-month period ended on Dec. 31 of this year. The stated (coupon) rate of interest is 10% annually. The market (yield-to-maturity) rate of interest is 12% annually. There were 10 years to maturity at June 30th of this year (the last interest payment date). The bonds are semi-annual. Record interest expense and discount amortization at Dec. 31.

k) payroll summary for wages earned from dec 24 to dec 31 is detailed below. these amounts will be paid next year.

gross wages 6300

FICA taxes payable 482

Fedreal Withholding Taxes 1246

State withholding taxes 389

Net Pay 4183

Employer's share of FICA ( No FUTA or SUTA is due) 482