Question # 3 The following invoices are being entered into the accounting system. Using the attached 'Chart of Accounts", determine the changes to the balance sheet and income statement as the result of entering each of the following invoices. Each invoice may not affect all of the above: 1 A $353 invoice for office supplies. Balance Sheet: Income Statement: 2 A $766 invoice for repairs to Crane 2. Balance Sheet: Income Statement 3 A $14,000 invoice for structural steel charged to job cost code 614.01.05100.M Balance Sheet: Income Statement 4 The cash payment of the steel structure invoice addressed in the above question? Balance Sheet: Income Statement 5 Purchasing a new mobile crane for $135,000 which is broken down as follows: a. A cash payment of $65,000 b. $70,000 financed through the dealership. Balance Sheet: Income Statement: Giving an old loader that you own to subcontractor XYZ against works that he/she has performed for you. The invoice of the works was included previously in your accounting system. It was for a total value of $19,450. The loader was originally purchased at a value of $73,000 and was depreciated for a value of $47,000. You have also discussed the option of buying a pre-owned loader with dealer FTP according to the followings. 6 a. Cash payment of $25,000 b. A loan of $45,000 at an interest rate of 4% APR. Balance Sheet: Income Statement: Chart of Accounts 740 Fuel and Lubrication 750 Taxes, Licenses, and Ihsurance 798 Equipment Costs Charged to Emplayees 120 Accounts Receivable-Trade 121 Accounts Receivable-Retention 130 Inventory 140 Costs and Profits in Excess of Billings 799 Equipment Costs Charged to Jobs 150 Notes Receivable 160 Prepaid Expenses 199 Other Current Assets so5 Advertising 806 Promotion $10 Car and Truck Expenses 811 Computer and Office Fumiture 210 Building and Land 220 Construction Equipment 230 Trucks and Autos 240 Office Equipment 250 Less Acc. Depreciation 260 Capital Leases 299 Other Assets 819 Depreciation 820 Employee Wages and Salaries 821 Employee Benefits 822 Employee Retirement 823 Employee Recnuiting 824 Employee Training 825 Employee Taxes 830 Insurance 310 Accounts Payable-Trade 311 Accounts Payable-Retention 320 Billings in Excess of Costs and Profits 35 Taxes and Licases 330 Notes Payable 340 Accrued Payroll 341 Accrued Payables 342 Accrued Taxes 343 Accrued Insurance 344 Accrued Vacation 350 Capital Leases Payable 360 Warranty Reserves 379 Other Current Liabilities S40 Office Supplies S41 Office Purchase 842 Office Reat 843 Office Ublities 844 Postage and Delivery 845 Janitorial and Cleaning 850 Charitable Contributions 855 Dues and Memberships 860 Publications and Subscriptions 865 Legal and Professional Services 870 Meals and Entertainment 875 Travel SS0 Bank Fees 8$1 Interest Expense 885 Bad Debts 891 Unallocated Labor 892 Unallocated Materials 893 Warranty 898 899 Oveshead Charged to Jobs 380 Long Term Liabilisies 410 Capital Stock 420 Retained Eamings 430 Current Period Net hhcome 500 Revenue 610 Materials 910 Other Income 920 Other Expense 950 Income Tax 710 Rent and Lease Payments