Question 2 of 4 FIT.ro Perfect Pizza had the following account balances at December 31, 2019: Cash $33,000 Accounts Receivable 15,000 Inventory 10,000 Prepaid Rent 3,000 Equipment 60,000 30,000 Accumulated Depreciation, Equipment Vehicles 80,000 36,000 7,000 Accumulated Depreciation, Vehicles Accounts Payable Wages Payable Common Shares Retained Earnings 2,000 110,000 16,000 Question 2 of 4 -/40 1. -2 3 4 Purchases of ingredients and supplies Onventory were $239.000, all account Sales of pizzas for cash were $544.000, and sales of plaas on account were 540.000 The company paid $100.000 for wages The company who paid $21.000 for utilities expenses Payments for ingredients and supplies purchased on account totalled 5204,000 Collections from customers for sales on account totalled $51.000 Ingredients and supplied at $225.000 were sted in making items that were sold. Adividend of $18.000 was declared and paid at the end of the ye 5 6 2. B Information for adjusting entries 1 10 11. At the end of 2020, the amount of rent paid in advance was $1.500 Wages owed to employees at the end of 2020 were $2.000 The equipment had an estimated useful te of eight years with no residual. The company direction using the straight line method The delivery vehicles had an estimated useful life of six years with a residual value of $8.000 The company deprecates its vehicles using the straight-line method. destion 2 of 4 Enter the beginning balances from 2019. post the 2020 entries, and calculate the balance in each a of journal entries presented in the previous part. If beginning balance is zero, enter O in the column for the Cash Bal. 33000 1 544000 2. 51000

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