Assignment (1)A.The following information is available for a retail store for the month of February:1. Wahlberg Computers sells computers for $2,500 each on account. On February 1, Wahlberg sold 20 computers. The cost of each computer sold was S1,000. The store uses the perpetual inventory system. 2. It is estimated that the warranty expense is 5% of gross sales. A journal entry is prepared February 1. 3. During February, Wahlberg replaced two computers due to product warranty complaints for products purchased in a prior month. 4. A customer fell in the store and is seeking $100,000 in damages. Wahlberg's attorney believes the case is frivolous because the customer has similar lawsuits pending against other retail stores. 5. A customer is suing Wahlberg Computers for $100,000 because the customer's computer purchased from Wahlberg Computers started a fire and destroyed the customer's residence. Wahlberg's attorney believes the customer will probably win the case and receive $100,000.Required: Prepare the journal entries to record the transactions above. Omit explanations. Answer |DateAccountDebitCredit+.

54) Darla's Cookie Emporium borrowed money by issuing $200,000 of bonds at 96 on January 1, 2019. The bonds pay interest on January 1 and July 1. The stated rate of interest is 5% and the bonds mature in 10 years. Any discount or premium is amortized using the straight-line method.Required: Prepare journal entries on the following dates: 1. January 1, 2019. 2. July 1,2019. 3. December 31, 2019, the fiscal year end. 4. January 1, 2020. 5. January 1, 2029. Omit explanations.DateAccountDebit|Credit

C.On February 1, United Delivery Services reports Common Stock of $1 million, Paid-in Capital in Excess of Par-Common of $9 million and Retained Earnings of $10 million. On February 2, United Delivery Services reacquired 10,000 shares of its $10 par value common stock at $50 per share. On February 23, United Delivery Services sold 1,000 of the reacquired shares at $65 per share. On February 27, the remaining 9,000 shares were sold at $40 per share.Required: Prepare the journal entries necessary to record these transactions. Omit explanations. Answer: Date Feb. 2AccountDebitCreditFeb. 23Feb. 27

8:41... Edit 50 X Assignment (1) A The following information is made for a retail store for the month of Patruary 1. Waiter Computers els computers for $2.500 each on account on February 1, Wahlberg sold 20 computers. The cost of each computer soldi 31,000. The store uses the perpetual entory system 2 It is eated that the many esperes of grousse. A journal entry is prepared forway 1 2. During February Wahlberg replaced two computer de to product want complaints for products purchased in a prior month A customer fall in the store and is seeking 3 100,000 in domoges Wahlberg's money believes the use the come to its pending other retail store & A customer is suing Wahberg Computers for $100.000 because the customer's Computer purchased from Wahlberg Computers started fire and destroyed the customer's residence. Wabas atome been the customer will probably win the case and $100.000 Required. Prepare the joumal caries to record the transactions above. Om captions AS Dil 1 DO DD Tools Mobile view Share Edit on PC 8:41 Assignment1 B. 54 Durla's Cookie porumbamwed morwy bay muling 500,000 of bordet January 1, 2016. The bonds pay it on January 1 andy 1. The statedrale of interests and the bonds mature in 10 years. Any discount or premium is amortired urgere method Reg Prepare jumaleries on the following des 1. January 1, 2019 2. July 1, 2010 3. Deber 31, 2018, escalow end lancary 1, 2020 January 1, 2020 Omit explanations Dube ACT Dat Credi . 8:41 Assignment c. On February 1, United Delivery Services reports Common Back of $1 milion Paid in Capital in Excess of Par-Common of 89 milion and Retained Eamings of 10 milion On February United Delivery Services required 10.000 hests 510 par value con lock 350 per Share On February 22, United Delay Services sold 1,000 af the reacquired shares of 565 per share on February 27, the remaining 9.000 shares were and alper share Prepare the journalierary to record the transaction. Omtagaluutio Debit Credit Feb 23 Feb. 27 End