Sunny's Emporium had the following transactions in April, $2023,$ the final month in their fiscal year:

TRANSACTIONS

April $1$ Sold fully depreciated cash register and point of sale system for $$1,000($originally recorded as store equipment$)$

April $1$ A new point of sale system is delivered and installed at a total cost of $$96,000.$ The system has an expected useful life of $4$ years, no residual value and will be depreciated using the straight line method.

The company made a downpayment of $$50,000$ and issued a $3-$year $6\%$ note for the balance.

Interest and $1/3$ of the principal is due on March $31,2024,2025$ and $2026.$

April $15$ Had a $$200,000$ balance in notes payable with $45-$day $6\%$ note issued on March $1.$

Paid the interest due and refinanced the principle with a new $60$ day note at $7\%.$

April $27$ Petty cash on hand was $$117.$ Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:

Store supplies, $$51.$

Express charges on merchandise sold, $$190($Delivery Expense$).$

Office supplies, $$75.$

Repair to office file cabinet lock, $$80($Miscellaneous Administrative Expense$).$

April $30$ Sold a $500,0005$ year bond, semi$-$annual interest at $6\%$ when market interest rate was $8\%$

April $30$ The cash sales for the month, according to the cash register records, totaled $$27,525,$ including sales tax of $$2,525.$ The actual cash received from these cash sales was $$27,625.$ Cost of goods sold related to these sales was $$13,360.$

Required:

ROUND ALL CALCULATIONS TO THE WHOLE DOLLAR!!!!

$1$ Journalize the transactions and post them to the general ledger.

Assume a $360$ day year for all transactions related to interest calculations.

$2$ Complete the worksheet. The information you need for the adusting entries is:

a

Evaluation of the years sales indicated that warranties related to current years sales were $$50,000.$

b

The note receivable in the general ledger is an $8\%$ note received January $1,2023$ and due is on June $30,2024$

c

There are two notes in the notes payable balance $($one from April $1$st and one from April $15$th$.$ Interest rates and dates issued ar the transactions above. $($Calculate interest separately but record together$)$

d

The insurance policy is an annual policy purchased on June $1,2022.$

e

Office supplies on hand at April $30$ were $$2,500$ and store supplies on hand were $$5,051.$

f Depreciation on the building is calculated using straight line with a $25$ year life and $$50,000$ residual value.

g Depreciation for the office equipment is calculated using double declining balance method, has a five year life and was purchased three years ago.

Information related to the depreciation calculation for the store equipment is in the transactions above.

h

Payroll for April is going to be paid in early May. Salaries earned were $$40,000.$ The FICA rate is $7\mathrm{.}65\%$ and is paid by both the employee and the employer. Employee income taxes are withheld at a rate of $15\%.$

$3$ Journalize and post the adjusting entries.

$4$ Prepare a multiple$-$step income statement.

$5$ Prepare a statement of stockholders' equity.

$6$ Prepare a balance sheet.

$7$ Journalize and post the closing entries.

$8$ Prepare a post$-$closing trial balance.