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show me the Journal entries please? 11. AG purchased $30,000 of inventory on credit throughout the year. The inven- tory purchases were (in order of

show me the Journal entries please?
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11. AG purchased $30,000 of inventory on credit throughout the year. The inven- tory purchases were (in order of purchases) 10,000 units at $1.00/unit, 5,000 units at $2.00/unit, and 20,000 units at 50cents/unit. AG uses LIFO perpetual method for accounting for inventory. AG incorporates the Lower of Cost or Market in determining ending inventory. Assume that the market value of the inventory suggested a value of $7,000. On January 2 of 2015, AG issued bonds with a face of 100,000, stated rate of 10%, term 5 years and received $103,956. Market Rate is 9%. Interest is paid every January 1. AG purchased with cash $25,000 of supplies. AG received $40,000 in cash for delivery of inventory in January AG had miscellaneous depreciation expense of $3,000, and paid cash for rent of $20,000. AG invested $20,000 in bank CDs on December 31, 2015. 10% ma- tures in February of 2016 and the remaining matures in July AG purchased equipment of $50,000 on credit. There was $4,000 additional fees paid in cash for the installation and set-up of the machine. Accrue income tax at a rate of 35%. AG received $500 of dividends in cash from investments and paid $3,000 in dividends to its owner. At year-end there were $5,000 of supplies re- maining in inventory

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