Please record all the above jornal entrys by Date with Ref. # & Explanation (as in Yr 1); abbreviate each Acct Type & round all to the nearest dollar.

Events for Year 2, 2023, of Fox Co. are below (Keep all Year 2 Instructions & Events at top of this Tab, \& do not remove Year 1 or CGS \& EI Tabs (See Additional Instructions below before preparing Year 2 entries). 5/13 Collect 87% of accounts receivable; another 5% bankrupt, not expected to be paid. Also, complete the last job prepaid 5/9/22, pay 15% on 4/21/22 contract \& sue MJM for $1m patent infringement ( 90% chance to collect). 6/30 Buy $400,000,3-year, 6%, City of Phila. bonds with 4% annual market rate, expecting to hold to maturity and 20,000 common shares from Alter Co. at $25 each (\$2 par); Alter had 30,000 outstanding before this purchase. (\& Prepare a complete Bond Amortization Schedule below the JE for this transaction). 16/17 7/1 Pay broker $5,000 plus 1 st of 4 annual $20,000 payments for 4-yr truck lease (5-yr economic life \& 10% implicit rate). 18 8/5 Decide to change depreciation method for the computers bought in 2022 to straight-line method for 2023 , 21 Pay Pi Ad Co. per 8/1/2022 contract and 70% of accounts payable. 9/1 Grant options with 2-year vesting to Fox officers to buy 30,000 common shares for $16 each (MV: \$16 now, $18 average for 2023 ) over 10 -year exercise period; options currently valued at $300,000. 19/21 10/17 Learn $1m lawsuit is won, but MJM appealed \& Fox attorney estimates 75% chance that Fox will win appeal. 11/29 Order $20,000 supplies (plus 5\% sales tax) FOB shipping \& 2/10et30 (shipped 12/30, received 1/2, paid 1/15). 10 \& Historical Cost Principal 12/31 Declare $50,000 dividends, paying preferred shares & Joe now, but pay Jane on 1/15. Sell $350,000,2yr,6% bonds (payable 1/1&7/1 ), 9% market rate \& convertible to 15k common shares. (\& Prepare a complete Bond Amortization Schedule below the JE for this transaction). Pay salaries on 8% of pre-salary, cash-basis 2023 NI based on appropriate JEs only (because no cash in AJEs ). 1/5 Prepare AJEs for 2023 based on 2022 info and on the following info: 2024 Physical count shows 8% of discs are missing (current replacement cost is $32 ). 10/ Lower of Cost or Market Prepare aging schedule that shows 6% of all accounts receivable are estimated to be uncollectible. 12/31 Investments: Phila. Bond: 1% increase:, Alter: $120k NI, $50k Divs declared, &1%CS decrease. Estimate a 25% US \& PA income tax rate and $500 of supplies are left unused in the supply cabinet. 1/15 Pay for supplies and 2023 dividends, then declare and distribute a 20% common stock dividend. 2024 2/28 Issue the 2023 Annual Report. Subsequent Event Period Events for Year 2, 2023, of Fox Co. are below (Keep all Year 2 Instructions & Events at top of this Tab, \& do not remove Year 1 or CGS \& EI Tabs (See Additional Instructions below before preparing Year 2 entries). 5/13 Collect 87% of accounts receivable; another 5% bankrupt, not expected to be paid. Also, complete the last job prepaid 5/9/22, pay 15% on 4/21/22 contract \& sue MJM for $1m patent infringement ( 90% chance to collect). 6/30 Buy $400,000,3-year, 6%, City of Phila. bonds with 4% annual market rate, expecting to hold to maturity and 20,000 common shares from Alter Co. at $25 each (\$2 par); Alter had 30,000 outstanding before this purchase. (\& Prepare a complete Bond Amortization Schedule below the JE for this transaction). 16/17 7/1 Pay broker $5,000 plus 1 st of 4 annual $20,000 payments for 4-yr truck lease (5-yr economic life \& 10% implicit rate). 18 8/5 Decide to change depreciation method for the computers bought in 2022 to straight-line method for 2023 , 21 Pay Pi Ad Co. per 8/1/2022 contract and 70% of accounts payable. 9/1 Grant options with 2-year vesting to Fox officers to buy 30,000 common shares for $16 each (MV: \$16 now, $18 average for 2023 ) over 10 -year exercise period; options currently valued at $300,000. 19/21 10/17 Learn $1m lawsuit is won, but MJM appealed \& Fox attorney estimates 75% chance that Fox will win appeal. 11/29 Order $20,000 supplies (plus 5\% sales tax) FOB shipping \& 2/10et30 (shipped 12/30, received 1/2, paid 1/15). 10 \& Historical Cost Principal 12/31 Declare $50,000 dividends, paying preferred shares & Joe now, but pay Jane on 1/15. Sell $350,000,2yr,6% bonds (payable 1/1&7/1 ), 9% market rate \& convertible to 15k common shares. (\& Prepare a complete Bond Amortization Schedule below the JE for this transaction). Pay salaries on 8% of pre-salary, cash-basis 2023 NI based on appropriate JEs only (because no cash in AJEs ). 1/5 Prepare AJEs for 2023 based on 2022 info and on the following info: 2024 Physical count shows 8% of discs are missing (current replacement cost is $32 ). 10/ Lower of Cost or Market Prepare aging schedule that shows 6% of all accounts receivable are estimated to be uncollectible. 12/31 Investments: Phila. Bond: 1% increase:, Alter: $120k NI, $50k Divs declared, &1%CS decrease. Estimate a 25% US \& PA income tax rate and $500 of supplies are left unused in the supply cabinet. 1/15 Pay for supplies and 2023 dividends, then declare and distribute a 20% common stock dividend. 2024 2/28 Issue the 2023 Annual Report. Subsequent Event Period