prepare

1- trial balance 2-journal and ledger 3- depreciation schedules?

Top Quality Appliance- Long Beach completed the following transactions during 2018, its first year of operations 1. Received $500,000 cash from owner, T. Baker, in exchange for capital. Opened a new checking account at Long Beach National Bank and deposited the cash from the owner. 2. Paid $50,000 cash for a TOA franchise 3. Paid $200,000 cash and issued $400,000, 10 year, 5% notes payable for land with an existing building. The assets had the following market values: Land, $100,000, Building $500,000 4. Paid $75,000 for store fixtures 5. Paid $45,000 for office equipment 6. Paid $600 for office supplies 7. Paid $3,600 for a two year insurance policy 8. Purchased appliances from TQA (merchandise inventory) on account for $425,000 9. Established a petty cash fund for $150 10. Sold appliances on account to B&B Contractors for $215,000, terms n/30 (cost - $86,000) 11. Sold appliances to Davis Contracting for $150,000 (cost, $65,000), receiving a 6-month, 8% note 12. Recorded credit card sales of $80,000 (cost, $35,000), net of processor fee of 2% 13. Received payment in full from B&B Contractors 14. Purchased appliances from TQA on account for $650,000 15. Made payment on account to TQA, $300,000 16. Sold appliances for cash to LB Home Builders for $350,000 (cost, $175,000) 17. Received payment in full on the maturity date from Davis Contracting for the note 18. Sold appliances to Leard Contracting for $265,000 (cost, $130,000), receiving a 9-onth, 8% note 19. Made payment on account to TQA, $500,000 20. Sold appliances on account to various businesses for $985,000, terms n/30 (cost, $395,000) 21. Collected $715,000 cash on account 22. Paid cash for expenses: salaries, $180,000; Utilities $12,650 23. Replenished the petty cash fund when the fund had $62 in cash and petty cash ticks for $85 for office supplies 24. Baker withdrew $5,000 25, Paid the franchise fee to TQA of 5% of total sales of $2,045,000 Top Quality Appliance- Long Beach completed the following transactions during 2018, its first year of operations 1. Received $500,000 cash from owner, T. Baker, in exchange for capital. Opened a new checking account at Long Beach National Bank and deposited the cash from the owner. 2. Paid $50,000 cash for a TOA franchise 3. Paid $200,000 cash and issued $400,000, 10 year, 5% notes payable for land with an existing building. The assets had the following market values: Land, $100,000, Building $500,000 4. Paid $75,000 for store fixtures 5. Paid $45,000 for office equipment 6. Paid $600 for office supplies 7. Paid $3,600 for a two year insurance policy 8. Purchased appliances from TQA (merchandise inventory) on account for $425,000 9. Established a petty cash fund for $150 10. Sold appliances on account to B&B Contractors for $215,000, terms n/30 (cost - $86,000) 11. Sold appliances to Davis Contracting for $150,000 (cost, $65,000), receiving a 6-month, 8% note 12. Recorded credit card sales of $80,000 (cost, $35,000), net of processor fee of 2% 13. Received payment in full from B&B Contractors 14. Purchased appliances from TQA on account for $650,000 15. Made payment on account to TQA, $300,000 16. Sold appliances for cash to LB Home Builders for $350,000 (cost, $175,000) 17. Received payment in full on the maturity date from Davis Contracting for the note 18. Sold appliances to Leard Contracting for $265,000 (cost, $130,000), receiving a 9-onth, 8% note 19. Made payment on account to TQA, $500,000 20. Sold appliances on account to various businesses for $985,000, terms n/30 (cost, $395,000) 21. Collected $715,000 cash on account 22. Paid cash for expenses: salaries, $180,000; Utilities $12,650 23. Replenished the petty cash fund when the fund had $62 in cash and petty cash ticks for $85 for office supplies 24. Baker withdrew $5,000 25, Paid the franchise fee to TQA of 5% of total sales of $2,045,000