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The journal entries & income statement please ACR1S Quigley Corporation's trial balance at December 31,2022, is presented below. All 2022 transactions have been recorded except

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ACR1S Quigley Corporation's trial balance at December 31,2022, is presented below. All 2022 transactions have been recorded except for the items described below. Unrecorded transactions and adjustments: 1. On January 1, 2022, Quigley issued 1,000 shares of $20 par, 6\% preferred stock for $22,000. 2. On January 1, 2022, Quigley also issued 1,000 shares of common stock for $23,000. 3. Quigley reacquired 300 shares of its common stock on July 1, 2022, for $49 per share. 4. On December 31, 2022, Quigley declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15,2023. 5. Quigley estimates that uncollectible accounts receivable at year-end are $5,100. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $5,000. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $4,000. 8. The unearned rent was collected on October 1,2022. It was the receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). 9. The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31 , 2022 , has not been paid or recorded. Instructions (Ignore income taxes.) a. Prepare journal entries for the transactions and adjustment listed above. b. Prepare an updated December 31,2022 , trial balance, reflecting the journal entries in (a). c. Prepare a multiple-step income statement for the year ending December 31,2022. d. Prepare a retained earnings statement for the year ending December 31,2022 . e. Prepare a classified balance sheet as of December 31,2022 . (c) Quigley Corporation Income Statement For the Year Ended December 31, 2022

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