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The following information is provided for Pepper's Eatery at December 31, 2018. Adjusted Trial Balance Balance $32,500 40,000 7,000 7,680 Accounts payable Accounts receivable Cash

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The following information is provided for Pepper's Eatery at December 31, 2018. Adjusted Trial Balance Balance $32,500 40,000 7,000 7,680 Accounts payable Accounts receivable Cash Common stock (par $1) Inventory Land Long-term notes payable Prepaid expenses Plant & Equipment Retained earnings Supplies Short-term notes payable 40,000 2,000 3,340 17.200 16,200 1,500 54,700 2,800 Short-term investments Utilities payable 1,260 Pepper's entered into the following transactions during January 2019: 1. Received $40,000 from customers for services provided in December 2018. 2. Paid $8,450 in advance for 3 months of rent. 3. Purchased inventory of $9,500 on account. 4. Issued 10,500 shares of common stock for $30,000. 5. Paid $1,260 for utilities incurred in December 2018. 6. Purchased US Bonds for $6,000 redeemable 1/31/22. 7. Sold land in exchange for $4,200 cash and a $25,000 note due 4/1/19. 8. Paid $8,275 in exchange for a pizza oven. 9. Signed a $10,800 six-month notes payable for the CEO's personal use. 10. Declared and paid dividends of $3,000. Required: a. Prepare the journal entry for each January transaction b. Create T-accounts with beginning balances. Post each journal entry to the appropriate T- account and determine the ending balances. Create new accounts as necessary. c. Prepare a classified balance sheet at January 31, 2019 in proper form. d. Prepare the investing and financing sections of Pepper's statement of cash flows for the month ended January 31, 2019

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