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the first 6 pictures are information for the following pictures to solve. please fill in all boxes and show work if you'd like! thanks so
the first 6 pictures are information for the following pictures to solve. please fill in all boxes and show work if you'd like! thanks so much!!
Bonita Company's balance sheet at December 31, 2021, is presented below. During January 2022, the following transactions occurred. (Bonita Company uses the perpetual inventory system.) 1. Bonita paid $225 interest on the note payable on January 1, 2022. The note is due December 31,2023. 2. Bonita purchased $234,990 of imventory on account. 3. Bonita sold for $396,000 cash, inventory which cost $238,500. Bonita also collected $25,740 in sales taxes. 4. Bonita paid $207,000 in accounts paryable. 5. Bonita paid $15,300 in sales taxes to the state. 6. Paid other operating expenses of $27,000. 7. On January 31, 2022, the payroll for the month consists of salaries and wages of $58,000. All salaries and wages are subject to 7.65\% FiCA taxes. A total of $8,020 federal income taxes are withheld. The salaries and wages are paid on February 1. 8. Interest expense of $225 has been incurred in January on the notes payable. 9. The insurance for the year 2022 was prepaid on December 31.2021 10. The equipment was acquired on December 31, 2021, and will be depreciated on a straleht-line basis over 5 vears with a $1.800 salvage value. 11. Employer's a ayroll taxes include 7.65% FICA taxes, a 5.4% state uremployment tax, and an 0.6% federal unemployment tax (a) Prepare journal entries for the transactions histed above and the adjusting entries. Credit account tieles are automatically indented when amount is entered Do not indent manualin Rocund aniwers to 0 decimal ploces, es. 5,275.) 3. Cash 421,740 Siles Revenue Sales Taxes Payable (To record sales revenue.) Cost of Goods Sold 238.500 Inventory (To record cost of goods sold.) 4. Accounts Parable 207.000 238.500 Cash 5. Soles Taxes Payable Cinh 6. Other Operating Expenses Cinh 7. 5ylaries and Whes Expense FicA Taxes Paroble Federal locome Trass Paratle \begin{tabular}{|c|c|c|} \hline 238.500 & \\ \hline & & \\ \hline & 238.500 \\ \hline \end{tabular} 207.000 207.000 15,300 15,300 27,000 27,000 58000 4.437 B.020 7. Svlarles and Woges Expense FACA Taves Payable \begin{tabular}{|r|r|} \hline 58,000 & \\ \hline & 4,437 \\ \hline & 8,020 \\ \hline & 45,543 \\ \hline \end{tabular} 8. Interest Expense 450 4 4 4 4 9. Inuranco Expense Prepaldinourance 10. Depreciation Expense Accumulated Depreciation Equitioment 11. \begin{tabular}{|c|c|c|} \hline Parroll Tha Expenie & 7917 & 18 \\ \hline FiCA Taes Pivale & & 4,437 \\ \hline Seste Unemplomment Taves Parable & & 0132 \\ \hline Federal Uivenglorment taew Payable & & 340 \\ \hline \end{tabular} Question 1 of 1 1.81/5 Other Openting Expenses Solaries and Wager Expense FICA Traes Payable Federal income Taxes Payable 5alaries and Wages Payabie Interest Expense Depredation Expense Accumalated Depreciation-Equipment Pinroll Tax Expense State Unemployment Tras Payable Federal Unemployment Taxes Paysble Insurance Expense Total Prepare an income statement for the monthending January 31, 2022. (Round answers to 0 decimal ploces, eg. 5.275) Prepare an owner's equity statement for the month ending January 31, 2022. (Round answers to 0 decimal places, es. 5, 275.) Prepare a classified balance sheet as of January 31, 2022. (List current assets in order of liquidith. Round answers to 0 decimal places, Liabilities and Owner's Equity $ $ Step by Step Solution
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