The account balances of Pacilio Security Services, Incorporated as of January $1,$ Year $10,$ are shown here:

Cash $122,475$

Petty Cash $100$

Accounts Receivable $27,400$

Allowance for doubtful accounts $4,390$

Supplies $165$

Prepaid rent $3,000$

Merchandise inventory $(38$ @ $$298)11,020$

Equipment $9,000$

Van $27,000$

Accumulated depreciation $23,050$

Sales tax payable $290$

Employee income tax payable $500$

FICA$-$Social Security tax payable $600$

FICA$-$Medicare tax payable $150$

Warranty payable $312$

Unemployment tax payable $630$

Interest payable $320$

Notes payable $12,000$

Common stock $50,000$

Retained earnings $107,918$

During Year $10,$ Pacilio Security Services experienced the following transactions:

$1.$ Paid the sales tax payable from Year $9.$

$2.$ Paid the balance of the payroll liabilities due for Year $9($federal income tax, FICA taxes, and unemployment taxes$).$

$3.$ On January $1,$ Year $10,$ purchased land and a building for $$150,000.$ The building was appraised at $$125,000$ and the land at $$25,000.$ Pacilio paid $$50,000$ cash and financed the balance. The balance was financed with a $10-$year installment note. The note had an interest rate of $7$ percent and annual payments of $$14,238$ due on the last day of the year.

$4.$ On January $1,$ Year $10,$ issued $$50,000$ of $6$ percent, five year bonds. The bonds were issued at $98.$

$5.$ Purchase $$660$ of supplies on account.

$6.$ Purchased $170$ alarm systems at a cost of $$300.$ Cash was paid for the purchase.

$7.$ After numerous attempts to collect from customers, wrote off $$2,450$ of uncollectible accounts receivable.

$8.$ Sold $160$ alarm systems for $$580$ each plus sales tax of $5$ percent. All sales were on account. $($Be sure to compute cost of goods sold using the FIFO cost flow method.$)$

$9.$ Record the cost of goods sold related to the sale from Event $8$ using the FIFO method.

$10.$ Billed $$120,000$ of monitoring services for the year. Credit card sales amounted to $$36,000,$ and the credit card company charged a

$4$ percent fee. The remaining $$84,000$ were sales on account. Sales tax is not charged on this service.

$11.$ Replenished the petty cash fund on June $30.$ The fund had $$11$ cash and receipts of $$65$ for yard mowing and $$24$ for office supplies expense.

$12.$ Collected the amount due from the credit card company.

$13.$ Paid the sales tax collected on $$85,000$ of the alarm sales.

$14.$ Collected $$167,000$ of accounts receivable during the year.

$15.$ Paid installers and other employees a total of $$82,000$ for salaries for the year. Assume the Socjal Security tax rate is $6$ percent and the Medicare tax rate is $1\mathrm{.}5$ percent. Federal income taxes withheld amounted to $$9,600.$ The net amount of salaries was paid in cash.

$16.$ Paid $$1,250$ in warranty repairs during the year.

$17.$ On September $1,$ paid the note and interest owed to State Bank.

$18.$ Paid $$18,000$ of advertising expense during the year.

$19.$ Paid $$5,600$ of utilities expense for the year.

$20.$ Paid the payroll liabilities, both the amounts withheld from the salaries plus the employer share of Social Security tax and Medicare tax, on $$75,000$ of the salaries plus $$8,600$ of the federal income tax that was withheld. $($Disregard unemployment taxes in this

entry.$)$

$21.$ Paid the accounts payable.

$22.$ Paid bond interest and amortized the discount.

$23.$ Paid the annual installment on the amortized note.

$24.$ Paid a dividend of $$10,000$ to the shareholders.

Adjustment

$25.$ There was $$210$ of supplies on hand at the end of the year.

$26.$ Recognized the expired rent for the office building for the year.

$27.$ Recognized the uncollectible accounts expense for the year using the allowance method. Pacilio now estimates that $1\mathrm{.}5$ percent of sales on account will not be collected.

$28.$ Recognized depreciation expense on the equipment, van, and building. The equipment has a $5-$year life and a $$2,000$ salvage value. The van has a $4-$year life and a $$6,000$ salvage value. The building has a $40-$year life and a $$10,000$ salvage value. The company uses double$-$declining$-$balance for the van and straight$-$line for the equipment and the building. The equipment and van were purchased in Year $8$ and a full year of depreciation was taken for both in Year $8.$

$29.$ The alarms systems sold in transaction $8$ were covered with a one$-$year warranty. Pacilio estimated that the warranty cost would be

$2$ percent of alarm sales.

$30.$ The unemployment tax on the three employees has not been paid. Record the accrued unemployment tax on the salaries for the year. The unemployment tax rate is $4\mathrm{.}5$ percent and gross wages for all employees exceeded $$7,000.$

$31.$ Recognized the employer Social Security and Medicare payroll tax that has not been paid on $$7,000$ of salaries expense.

Prepare the journal entries to record transactions $(1)$ through $(24).$ Then prepare the necessary adjusting entries $(25)$ through $(31)$ t correctly report net income for the period. Then record the closing entries $(32)$ through $(34)$ as of December $31,$ Year $10.$

Note: If no entry is required for a transaction, select $"$No journal entry required" in the first account field. Round final answers to the nearest