Create a T account for $1-17.$ I will rate thank you! Bobcat Coffee had sales of goods totaling $$200,000,$ receiving $$150,000$ in cash and $$50,000$ on account. The cost of the goods sold were $$60,000.$

Bobcat Coffee purchased $$80,000$ of inventory. All purchases were on account.

Bobcat Coffee paid salaries of $$50,000.$ This was payment for salaries of $$35,000$ and $$15,000$ that was payable from last year.

Bobcat Coffee purchased $$7,000$ of supplies. All of these purchases were on account.

Bobcat Coffee received $$40,000$ cash from customers who had been granted credit. The entire amount collected relates to sales from last year.

Bobcat Coffee paid utilities for the current month of $$5,000.$

Bobcat Coffee paid $$45,000$ to its suppliers related to previous purchases on account.

Bobcat Coffee paid $$12,000$ in rent for the year.

Bobcat Coffee incurred depreciation expense for the year on old equipment $$2,000.$

After counting its supplies on hand, Bobcat Coffee determined that they had $$6,000$ in supplies on$-$hand. $[$Hint: What is the amount of supplies that has been used in the month? What journal entry needs to be prepared?$]$

$$9,000$ of prepaid insurance expired.

Bobcat Coffee paid $$300$ of interest on its long$-$term debt.

Bobcat Coffee incurred $$17,000$ of salaries expense in December, but will pay this amount next month $($January$).$

Bobcat Coffee declared and paid $$4,000$ in cash dividends.

Bobcat Coffee bought a new piece of equipment for $$50,000.$ Bobcat coffee financed the equipment with a note from the bank.

The equipment purchased has a $10$ year useful life and no expected salvage value. Depreciation is calculated on a straight$-$line basis.

Bobcat Coffee pre sold $$3,000$ of coffee in December $204$ to a customer for a weeklong conference scheduled for January $20$x$5.$ The customer paid upfront for the large order a month ahead of time $($December$)$ to secure the order. The coffee was then delivered as planned for the conference in January.

Balance sheet

December $31,20\mathrm{.}3$

Assets

Current Assets

Canh

Arrounts Receivable

Prepaid Insurance

$5$replin

Inventary

Feal Currer Anets

Property Plant S Aupuent

Land

Empipment

Accumulated Depreciation

Fearly

Total Aveti

Gubdien & Sambiolders' feulty

Curred lividies

Actounds Preplate

Salaries Prepale

Total Cument Liabilites

Lang Ferm Orit

Sterklowlere' Feuty

Retained Earnings

Common Stork

Foeal Stacksoliders' favity

Total Liabilities S Stockholders' Evelty

$$12\mathrm{.}000$

$8,000$

$10,000$

$2\mathrm{.}000$

$10,000$

$$62\mathrm{.}000$

$$181\mathrm{.}500$

som non

$[30,509]$

$5.1$ Batoo

$$338cm$

$$5\mathrm{.}000$

$15$ ane

$$20\mathrm{.}000$

$5$ sinnan

$$38,500$

ss$.$rm

$5\mathrm{.}91\mathrm{.}596$

Sterstent