Urgent! ( i provided all accounts at the bottom of pictures having trouble with them) thanks for the help!
Leasehold Improvements Loss from Expropriation No Entry Notes Payable Payroll Tax Expense Premium Expense Premium Inventory Premium Liability Purchases Purchase Discounts Purchase Discounts Lost Purchase Returns and Allowances Refundable Deposit Liability Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Listed below are selected transactions of Flint Department Store for the current year ending December 31 . 1. On December 5 , the store received $500 from the Selig Players as a deposit to be returned after certain furniture to be used in stage production was returned on January 15. 2. During December, cash sales totaled $820,050, which includes the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. 3. On December 10 , the store purchased for cash three delivery trucks for $113,300. The trucks were purchased in astate that applies a 5% sales tax. 4. The store sold 30 gift cards for $100 per card. At year-end, 25 of the gift cards are redeemed. Flint expects three of the cards to expire unused. Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting journal entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31. (Ignore Cost of Goods Sold.) (If no entry is required, select "No Entry" for the account titles ond enter Ofor the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round intermediate calculations to 4 decimal places, es. 0.2345 and fimal answer to 0 decimal places, es. 2,1324) Sales Revenue (Breakage) Sales Taxes Payable Subscriptions Revenue Supplies SUTA Taxes Payable Trucks Unearned Gift Card Revenue Unearned Revenue Unearned Subscriptions Revenue Unearned Warranty Revenue Union Dues Payable Wages Payable Warranty Expense Warranty Liability Warranty Revenue Withholding Taxes Payable Accounts Payable Accounts Receivable Allowance for Expropriation (Plant Assets) Cash Cash, Inventory, Wages Payable Cost of Goods Sold Discount on Notes Payable FICA Taxes Payable Freight-In FUTA Taxes Payable Insurance Premium Payable Interest Expense Interest Payable Inventory Lawsuit Liability Lawsuit Loss Dec 1:31 : Coth 820050 Sales Taxes Payable Soles Revenue Dec 10 Trucks 118965 781000 Cash Dec 10 (To record sale of 30 gift cards) Dec 1-31 (To record redemption and expected breakage revenue)
