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Trans-Mountain Pipeline Ltd. produced the following post-dosing trial balance at September 30, 2020. (All figures in 000's.) Credit Debit $ 7.534 $_2375 $ 1.250 $

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Trans-Mountain Pipeline Ltd. produced the following post-dosing trial balance at September 30, 2020. (All figures in 000's.) Credit Debit $ 7.534 $_2375 $ 1.250 $ 234 $16,678 $_9,675 Account Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Inventory Vehicles Accumulated Depreciation - Vehicles Pipeline Facilities Accumulated Depreciation - Pipeline Accounts Payable Wages Payable Income Tax Payable Long Term Debt Common Shares Retained Earnings $87,629 $46,620 $ 8.327 $ 389 $ 1,575 $12,627 $27,500 $ 6,487 Total $114.450 $114.450 During the year ended September 30, 2021 the Company recorded the following transactions: A) Generated revenue of $62,000,000 from the supply of pipeline services to customers; B) Collected $63,560,000 from customers on account; C) Acquired $15,000,000 of equipment during the year, D) Acquired Vehicles of $3,750,000 during the year; E) Acquired $2,653,000 of Supplies during the year on account; F) Repaired its pipeline facilities to the tune of $26,500,000 all supplied on account; G) Paid $25,250,000 to suppliers; H) Paid Wages of $14,350,000 to its employees; 1) Paid Utilities of $862,000; 1) Paid Income Taxes of $1,500,000; K) Bought a three year insurance policy, on account, for $684,000; L) Paid Rent of $2,500,000 on its building facilities; M) Incurred Security costs of $3,500,000 on account; N) Depreciation on Vehicles for the year was $1,250,000; Depreciation on Pipeline facilities of $6,375,000 was incurred during the year; 0) Supplies on hand at the end of the year amounted to $243,000; P) Received Interest of $650,000 on its investments; Q) Paid Interest of $962,000 on its outstanding debt; R) Paid a Dividend to shareholders of $1,150,000; S) The Company estimates that it will not collect 2% of Credit Sales; T) The Company is subject to a 20% Income Tax Rate. Required: Show all numbers as thousands. A) Using the Q-T Method, Analyse and Post the transactions outlined above; B) Post all required Adjusting Entries; C) Post all Closing Entries. D) Prepare an Income Statement for the year ended September 30, 2021. E) Prepare a Balance Sheet as at September 30, 2021

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