Tell me v 11 Paste Calibri (Body A Wrap Text Genere BIU Merge & Center fx pl Depreciation for the year on the equipment was 10% of the year-end Equipment account balar !!! ile IIIIII ilil Y A31 X 3 Requirements: 1) Record events through below in the accounting equation ("Grid' worksheet.rows 7-15) 5 2) Record events a) through i) below as journal entries ("Es worksheet, rows 1-45) 6 Note: See the instruction in row 1 of the "HES"sheet about Account Names and Basic Act Eq. impacts. Although there was only one column for expenses on the grid, in your journal entries you must use the appropriate expense account names from the chart of accounts 8 3) Prepare an Unadjusted Trial Balance ("UnAdj TB' worksheet) 9 4) Record events i) throughp) in the accounting equation ("Grid worksheet, rous 17-24) 10 5) Record events through p) below as journal entries ("Es worksheet, rows 48-87) 11 6) Prepare an Adjusted Trial Balance ("Adjusted TB' worksheet) 12 7) Prepare all four financial statements ("Fin Stmts" worksheet) 23 14 Events: 15 a) Purchased $14,800 of equipment for use in the business, paid $1.480 in cash and the rest was on account. 16 b) Purchased $1,200 supplies on account for future use. 17 Customers paid $7.500 in advance for future services 18 d) Earned $127,500 in service revenues for 2021, Induding $93,800 on credit and 533,700 collected in cash 19 ) Collected accounts receivable, $17.900 20 f) Sold an old vehide that was fully deprecated) for $2,500 cash. 21 ) On Oct. 31, paid $9,500 to rent a building for 12 months, starting on Nov. 1. 22 h) Paid accounts payable $12.400. 23 ) Declared and paid a $24,000 cash dividend. 24 Information for Adjustments: 25 ) Koala recorded $3,500 in service provided that had been collected in event (c. but had not yet been recorded 26 K) During December, Koala accrued $4,740 in service that had been provided to customers on account. 27 ) Wages of $10,600 earned by employees since the December 24 payroll were not yet paid 28 m) Determined after a year-end count that $3,200 of supplies remained on hand at the year 29 m) Accrued annual interest at 9.0% on the outstanding balance of the loan (promissory note 30 o) Building rental expenses for the year, paid in transaction (), had not yet been recorded 31 p) Depreciation for the year on the equipment was 10% of the year-end Equipment account balance 32 a) Income tax for the year was $23,800. It will be paid in 2022 33 34 35 36 37 38 39 Grid J-Es UnAdiTB Adjusted TB Fin Stmnts Ready G 16 11 12 13 15 . B E F For all journal entries, you must only use Account Names from the Chart of Accounts in cells 12 thru 120, and you must only use Basic Accounting Equation Impact codes from the list in cells K2 thru 7. For all payables except Notes Payable, use the 1 Accounts Payable account. 2 a) Purchased $14,800 of equipment for use in the business, paid $1,480 in cash and the rest was on account Basic Acct 3 Account Names Eg Impacts Debits Credits 4 A+ Equipment 14,800 5 A- Cash Completed 1,480 5 L+ Accounts Payable as an example 13,320 7 b) Purchased $1,200 supplies on account for future use. Basic Acct 3 Eg Impacts Account Names Debits Credits 3 A+ Supplies (on hand) 1,200 0 Accounts Payable 1,200 1 2 c) Customers paid $7,500 in advance for future services. Basic Acct 3 Account Names Eg Impacts Debits Credits 4 A+ Cash 7,500 5 15 21 241 L+ 250 310 350 410 510 610 6 7 d) 620 630 Earned $127,500 in service revenues for 2021, including $93,800 on credit and $33,700 collected in cash. Basic Acct Account Names Debits Credits Eq Impacts 3 640 9 650 660 1 2 e) Collected accounts receivable, $17,900. Basic Acct Account Names Eg Impacts 3 Debits Credits 5 f Sold an old vehicle that was fully depreciated) for $2,500 cash. Basic Acct Account Names Debits Eg Impacts Credits Instructions Grid UnAdj TB Adjusted TB Fin Stmts + Ready D E For all journal entries, you must only use Account Names from the Chart of Accounts in cells 12 thru 120, and you Basic Accounting Equation Impact codes from the list in cells K2 thru k7. For all payables except Notes Payable, 1 Accounts Payable account. 20 21 22 e) Collected accounts receivable, $17,900. Basic Acct Account Names Eg Impacts Debits 23 Credits 24 25 26 27 1) Sold an old vehicle (that was fully depreciated) for $2,500 cash. Basic Acct Account Names Debits Eg Impacts 28 Credits 29 30 31 32 8) On Oct. 31. paid $9,600 to rent a building for 12 months, starting on Nov. 1. Basic Acct Account Names Debits Eg Impacts Credits 33 34 35 36 37 h) Paid accounts payable, $12,400. Basic Acct Account Names Eq Impacts 38 Debits Credits 39 40 41 42 0) Declared and paid a $24,000 cash dividend. Basic Acct Account Names Eg Impacts 43 Debits Credits 44 45 46 47 Before continuing, complete the Unadjusted Trial Balance Instructions Grid W.Es UnAdj TB Adjusted TB Fin Ready