T-Accounts please i already got the other information needed.

150 Accounts Receivable Homework Problem 112 Charleigh Co., purveyor of fine, fine things, had the following balances at December 31, 2019: Cash Accounts Receivable Allowance for doubtful accts Inventory Equipment Accumulated Depreciation-Equipment Land Patent Accounts Payable Salary Payable Rent Payable Taxes Payable Long-Term Debt Common Stock ($1 per share) Retained Earnings 44,000 60.000 1,000 50,000 (1 thing) 190,000 60,000 50,000 20,000 42 000 4,000 2.000 2.000 80,000 90.000 133,000 During 2020 the following transactions occurred: Jan 1. received all beg A/R and paid all Beg A/P Mar 1 bought 2 things for $60,000 each. (Paid 25% down and rest payable in one year) 2.9000 - 120,000 April 15, paid year 2019 taxes payable CAL May 1, sold one thing for $120.000 (received 3/4 down and the rest in one year) May 15, bought 1 thing for $80,000 (Paid 25% down and rest payable in one year) July 1 company wrote off $600 in bad debts 4 July 1. sold one thing for $160,000 (received 75% down and the rest will be paid in one year) Aug 1, purchased piece of equipment for $10,000 cash. Sept 1.- Sold 40,000 shares of common stock for $40.000 Oct 1 Purchased a piece of land for $50.000 Dec 1. declared and paid $.20 per share dividend, Dec 31, paid an annual payment on long term debt- $28,000. Of that amount, $8,000 was for interest and $20,000 was for principal. During the year the company paid 15 months rent of $15.000. Also during the year the company paid salaries of $12,000 in cash, and at the end of the year they owed $3,000 for salaries. Depreciation for the year is $10.000. The long-term debt is payable in $20.000 principal payments plus interest of 10% each December 31. The tax rate is 30% and during the year the company paid 50% of 2020 taxes. The company uses the FIFO inventory system. The company estimates that 3% of its receivables will ultimately be uncollectible. Journalize the above transactions and post them to T-Accounts. Prepare any necessary adjustments. Prepare a P&L, Statement of Owners' Equity, Balance Sheet and Cash Flow Statement for the year 2020. Mareler Srb Mw rewelle Apa Perde GULLLLLLL War Werl Sapan Stern Mary Mar 19 MS Paya 00 Alle for Dule A J. Rece 12000 Jalan Cul A Rece 31-00 Could July G 10.00 Ang Low Antal 30.000 Sep 03 Cab Ort Land OC 90.000 Dec de Dec 01 Cash Dec 31 laterest Expense Dec 31 Leag Term Delt Dec 31 Cash 8.000 20.000 15 000 Dec 31 Prepaid Real Dec 31 Cash 15.000 15.000 Dec 31 Salaries Expeste Dec 31 Salaries Payable Dec 31 Cash 12.000 10.000 Dec 31 Depreciation Esprese Aceastated Dec 31 Depreciation 18.000 Dec-31 Bad Debit Expense Allowance for Dec 31 Deal Account 12:53 Dec 31 Allowance for Doubtful Accounts 60,000 9.400 Accoutas Receivable: Beginning Balance During the year transaction Eading Balance 3% of eading Balance Less: Beginning baalace adid: During the year 69,400 2,082 1,000 600 1.682 37.595 Dec 31 Tax Expense Dec-31 Cash Dec 31 Tax Payable Income Statement particular Sales Reveme Less Cost of Goods 2.50.000 120 00 1.60.000 Sold Gross Marcin Less Operating Expenses Depreciation Expense Bad Debt Expense Salaries Expense Operating Income Less Interest Expense 10,000 1682 15.000 1.33.315 8.000 Income before tax Less Tax 30 Net Income 1.239 315 37.995 SAR ame(s) 90.000 10000 Statement oner's Equits particulars Common Stock Besinnine Balance Add New Addition Add Beginning Retained Earning Add Net Income Less Dividends Fadin Balance 1.33.000 87,723 -22.000 Balance Sheet: Assets Current Assets: Cash .04.202 3.15 22 Tadin Balance 12:54 Balance Sheet: Assets Current Assets: Cash Accounts Receivable Allowance for doubtful Accounts Inventory Prepaid Rent 1.04.202 69,400 -2,082 1,30,000 15,000 Total Current Assets 3.16,520 Equipment Accumulated Depreciation Land Patient 2,00.000 - 70,000 1.30,000 1,00.000 20,000 Total Assets 5.66,520 Liabilities Current Liabilities Accounts Payable salary Payable Rent Payable Tax Payable Total Current Liabilities Long Term Debt 1.50,000 7.000 2.000 18,197 177,7911 60,000 Total Liabilities 237,797 Stockholder Equity 3,28,723 Total Liabilities and Equity 5.66.50 DU Allowed Account Prepaid 1000 2000 100 000 al Patent AP Sales Paville Tus Pay Lowth 30 Lotal liabilities and 5.66.520 12 DIE Acade Abe for Dad com PR 10000 3000 200 Ac De Eger 100 000 2000 ES P as SP lectusPel Lorem Red Sales Cost of Good Sot 110.000 11.00 12 000 BE 10 000 Bad Det Espen De CC Cab Parcar Aduer et certains 30 la este cevabe 7.30 - 599.000 le (5140.000 - 390.000 90.000 Incepe 1000 Los 150.000 Decciones parable De 1001 - 12000 Nether Epoch La Calendar Londraad Deductcated 000 20 000 000 the bu the year OTE: as per chegg policy i can answer for only estions, u have to repost the t-account Festion to answer if you have any doubts feel free to mment, i am here to help you. dont give dire umbs down. if you are satisfied with the swer hit the like button