Prepare AJE's, T accounts and prepare financial statements for Nov 30, 2020 (Balance Sheet, I/S and R/E)

Assets:

Liabilities:

Property, plant, equip

$23,000

Accounts payable

$6,600

Accounts receivable

$7,000

Long-term debt

$16,000

Cash

$9,000

Inventory

$4,000

Supplies

$1,600

S/E:

Common stock

$22,000

Total assets

$44,600

Liab & S/E

$44,600

Above is the preliminary November 30, 2020 Trial Balance.

Following are further details that you have discovered and require inclusion in the Nov 30 F/S.

Prepare AJE's, post to T accounts and prepare financial statements for Nov 30, 2020 (Balance Sheet, I/S and R/E)

See tabs below for AJE's, T-accounts and F/S (make sure F/S is properly classified and presented

1 - A cash sale was made for $2,100 on Nov 15 related costs were $1,100

2 -The LT debt was taken out on November 6, 2020. 5 year term with monthly payments on the 24nd of each month. Interest rate is 9%.

3 - Wages are due at Nov 30 for $1,950 tax withholding rate is 9%, withholding rate is 3% (employer match is required).

4 - Nov 30, 2020 supplies account was $600.

5 - Insurance was purchased on Nov 30 for $390 for a year.

6 - Credit sales of $2,100 were made on Nov 22 (n/30). Related costs were $440.

7 - $1,800 of A/P were paid on Nov 22.

8 - Rent of $1,100 was paid in cash on Nov 1.

9 - A $300 dividend was declared on Nov 29, for payment on Dec 8, 2020.

10 - The PP&E was acquired on Nov 15 and has an estimated life of 6 years.

11 - A $250 cash deposit was required when the rental was entered into on Nov 2.

12 - Services for Nov to Jan were paid for in advance on Nov 3 for $300. Equal services through Nov to Dec.

13 - Confirmation of a major sale was received on November 29 for $12,000 this sale will be produced and shipped on Dec 3.

14 - The company issued a further $1,200 of common stock on Nov 27.

Liabilities: Accounts payable Long-term debt S6,600 $16.000 Assets: Property, plant, equip Accounts receivable Cash Inventory Supplies $23,000 $7,000 $9.000 $4,000 $1.600 S/E: Common stock Liab & S/E $22.000 $44.600 Total assets 544.600 Above is the preliminary November 30, 2020 Trial Balance. Following are further details that you have discovered and require inclusion in the Nov 30 F/S. Prepare AJE's, post to Taccounts... and prepare financial statements for Nov 30, 2020... (Balance Sheet, US and R/E) See tabs below for AJE'. T-accounts and F/S (make sure F/S is properly classified and presented 1 - A cash sale was made for $2,100 on Nov 15... related costs were $1,100 2 -The LT debt was taken out on November 6, 2020. 5 year term with monthly payments on the 24nd of each month. Interest rate is 9% 3 - Wages are due at Nov 30 for $1.950... tax withholding rate is 9%, withholding rate is 3% (employer match is required). 4 - Nov 30, 2020 supplies account was $600. 5 - Insurance was purchased on Nov 30 for $390 for a year 6 - Credit sales of $2,100 were made on Nov 22 (n/30). Related costs were $440, 7- $1,800 of A/P were paid on Nov 22 8 - Rent of $1,100 was paid in cash on Nov 1. 9 - A $300 dividend was declared on Nov 29. for payment on Dec 8, 2020. 10 - The PP&E was acquired on Nov 15 and has an estimated life of 6 years. 11 - A $250 cash deposit was required when the rental was entered into on Nov 2. 12 - Services for Nov to Jan were paid for in advance on Nov 3 for $300. Equal services through Nov to Dec. 13. Confirmation of a major sale was received on November 29 for $12.000... this sale will be produced and shipped on Dec 3. 14 - The company issued a further $1.200 of common stock on Nov 27. $6.600 $16,000 Assets: Property, plant, equip Accounts receivable Cash Inventory Supplies Liabilities: $23.000 Accounts payable $7,000 Long-term debt $9,000 $4,000 $1,600 S/E: Common stock $44.600 Liab & S/E $22.000 S44,600 Total assets Above is the preliminary November 30, 2020 Trial Balance. Following are further details that you have discovered and require inclusion in the Nov 30 F/S. Prepare AJE's, post to T accounts... and prepare financial statements for Nov 30, 2020... (Balance Sheet, I/S and R/E) See tabs below for AJE's, T-accounts and F/S (make sure F/S is properly classified and presented 1 - A cash sale was made for $2,100 on Nov 15... related costs were $1,100 2 -The LT debt was taken out on November 6, 2020. 5 year term with monthly payments on the 24nd of each month. Interest rate is 9%. 3 - Wages are duc at Nov 30 for $1.950... tax withholding rate is 9%, withholding rate is 3% (employer match is required). 4 - Nov 30, 2020 supplies account was $600. 5 - Insurance was purchased on Nov 30 for S390 for a year. 6 - Credit sales of $2,100 were made on Nov 22 (n/30). Related costs were $440. 7 - 91.800 of A/P were paid on Nov 22. 8 - Rent of S1,100 was paid in cash on Nov 1. 9 - A $300 dividend was declared on Nov 29, for payment on Dec 8, 2020 10 - The PP&E was acquired on Nov 15 and has an estimated life of 6 years. 11 - A $250 cash deposit was required when the rental was entered into on Nov 2. 12 - Services for Nov to Jan were paid for in advance on Nov 3 for $300. Equal services through Nov to Dec. 13 - Confirmation of a major sale was received on November 29 for $12,000... this sale will be produced and shipped on Dec 3. 14 - The company issued a further $1,200 of common stock on Nov 27. Liabilities: Accounts payable Long-term debt S6,600 $16.000 Assets: Property, plant, equip Accounts receivable Cash Inventory Supplies $23,000 $7,000 $9.000 $4,000 $1.600 S/E: Common stock Liab & S/E $22.000 $44.600 Total assets 544.600 Above is the preliminary November 30, 2020 Trial Balance. Following are further details that you have discovered and require inclusion in the Nov 30 F/S. Prepare AJE's, post to Taccounts... and prepare financial statements for Nov 30, 2020... (Balance Sheet, US and R/E) See tabs below for AJE'. T-accounts and F/S (make sure F/S is properly classified and presented 1 - A cash sale was made for $2,100 on Nov 15... related costs were $1,100 2 -The LT debt was taken out on November 6, 2020. 5 year term with monthly payments on the 24nd of each month. Interest rate is 9% 3 - Wages are due at Nov 30 for $1.950... tax withholding rate is 9%, withholding rate is 3% (employer match is required). 4 - Nov 30, 2020 supplies account was $600. 5 - Insurance was purchased on Nov 30 for $390 for a year 6 - Credit sales of $2,100 were made on Nov 22 (n/30). Related costs were $440, 7- $1,800 of A/P were paid on Nov 22 8 - Rent of $1,100 was paid in cash on Nov 1. 9 - A $300 dividend was declared on Nov 29. for payment on Dec 8, 2020. 10 - The PP&E was acquired on Nov 15 and has an estimated life of 6 years. 11 - A $250 cash deposit was required when the rental was entered into on Nov 2. 12 - Services for Nov to Jan were paid for in advance on Nov 3 for $300. Equal services through Nov to Dec. 13. Confirmation of a major sale was received on November 29 for $12.000... this sale will be produced and shipped on Dec 3. 14 - The company issued a further $1.200 of common stock on Nov 27. $6.600 $16,000 Assets: Property, plant, equip Accounts receivable Cash Inventory Supplies Liabilities: $23.000 Accounts payable $7,000 Long-term debt $9,000 $4,000 $1,600 S/E: Common stock $44.600 Liab & S/E $22.000 S44,600 Total assets Above is the preliminary November 30, 2020 Trial Balance. Following are further details that you have discovered and require inclusion in the Nov 30 F/S. Prepare AJE's, post to T accounts... and prepare financial statements for Nov 30, 2020... (Balance Sheet, I/S and R/E) See tabs below for AJE's, T-accounts and F/S (make sure F/S is properly classified and presented 1 - A cash sale was made for $2,100 on Nov 15... related costs were $1,100 2 -The LT debt was taken out on November 6, 2020. 5 year term with monthly payments on the 24nd of each month. Interest rate is 9%. 3 - Wages are duc at Nov 30 for $1.950... tax withholding rate is 9%, withholding rate is 3% (employer match is required). 4 - Nov 30, 2020 supplies account was $600. 5 - Insurance was purchased on Nov 30 for S390 for a year. 6 - Credit sales of $2,100 were made on Nov 22 (n/30). Related costs were $440. 7 - 91.800 of A/P were paid on Nov 22. 8 - Rent of S1,100 was paid in cash on Nov 1. 9 - A $300 dividend was declared on Nov 29, for payment on Dec 8, 2020 10 - The PP&E was acquired on Nov 15 and has an estimated life of 6 years. 11 - A $250 cash deposit was required when the rental was entered into on Nov 2. 12 - Services for Nov to Jan were paid for in advance on Nov 3 for $300. Equal services through Nov to Dec. 13 - Confirmation of a major sale was received on November 29 for $12,000... this sale will be produced and shipped on Dec 3. 14 - The company issued a further $1,200 of common stock on Nov 27