with the information in the two pictures fill out the general journal and other charts

Check GL1203 - Based on Problem 12-6A Golden Company LO P2, P3 Golden Corp's current year income statement, comparative balance sheets, and additional information follow. For the year. (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory. (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Prior Year Year Assets Cash $164,000 $ 107,000 Accounts receivable 83,000 71,000 Inventory 601,000 526,000 Total current assets 848,000 704,000 Equipment 335,000 299,000 Rocun. depreciation Equipment (150.000) (104.000) Total assets $1,025,000 $ 899,000 Liabilities and Equity Accounts payable $ 87.000 $71.000 Income taxes payable 28,000 25.000 Total current liabilities 115,000 96.000 liquity Common stock. 52 par value 592.000 563.000 Pald-in capital in excess of par value, common stock 196,000 160,000 Retained earnings 122,000 75,000 Total liabilities and equity $1,025,000 $ 899,000 GOLDEN CORPORATION Income Statement For current Year Ended December 31 Sales $1,792,000 Cout of goods sold 1,086,000 Gross profit 706,000 Operating expenses Depreciation expense $ 54,000 Other expenses 494,000 548,000 Income before taxes 158,000 Income taxes expense 22,000 Net income $ 136,000 Additional Information on Current Year Transactions a. Purchased equipment for $36,000 cash. b. Issued 12,000 shares of common stock for $5 cash per share. c. Declared and paid $89,000 in cash dividends. General Requirement General Indirect Journal Ledger Trial Balance Direct Method Method General Journal tab - Reconstruct the entries to summarize the activity between December 31. prior year and December 31, current year Direct Method tab - Prepare the Statement of Cash flows for the year ended December 31, current year using the direct method. Indirect Method tab. Prepare the reconciliation to the indirect method. General Journal > Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional Information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet 1 2 5 6 7 11 Reconstruct the journal entry for cash receipts from customers, Incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits Account Title Debit Credit Date Dec 31 Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any. Note Enter debits before credits Account Title Debit Credit Date Dec 31 Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional Information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 11 Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Debit Account Title Date Credit Dec 31 Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional Information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet Reconstruct the entry for the issuance of common stock. Note: Enter debits before credits Date Account Title Debit Credit Dec 31 General General Requirement Journal Indirect Trial Balance Direct Method Ledger Method Using the income statement, the comparative balance sheet, and the additional Information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet Close the revenue account(s) to income summary. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December 31, current year balances. View transaction list Journal entry worksheet 1 . 6 7 8 9 10 11 Close the expense accounts to income summary, Note: Enter debits before credits Account Title Debit Credit Date Dec 31 General Journal General Ledger Trial Balance Direct Method Requirement Indirect Method Using the income statement, the comparative balance sheet, and the additional Information given above, reconstruct the er the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the Decemb 31, current year balances. View transaction list Journal entry worksheet