Data Formulas Review View Help Tell me what File Home Page Layout Insert Draw PROTECTED VIEW Be careful--files from the Internet can contain vituses. Unless you need to edit it's safer to stay in Pre fy Cash A6 D F E Credit Debit 126,950 00 82,000.00 $ 1.385.00 40,511.00 126,065.00 220,000.00 $ 34,000.00 $ 150,000.00 14,400.00 48 955.00 16,000.00 45,000.00 A 8 5 8 I Cash $ 7 Accounts Receivable $ 8 Allowance for Doubtful Accounts 9 Inventory $ 10 Land $ 11 Buildings $ 12 Accumulated Depreciation - Buildings 13 Equipment $ 14 Accumulated Depreciation - Equipment 15 Accounts Payable 16. Dividends Payable 17 Unearned Rent Revenue 18 Notes Payable 19 Interest Payable 20 FICA SS Payablo 21 FICA Medicare Payable 22 Federal Income Tax Payable 23 Union Dues Payable 24 Salaries Payable 25 Bonds Payable (10%) 26 Common Stock ($10 par) 27 Paid-In Capital in Excess of Par - Common Stock 28 Preferred Stock ($20 par) 29 Paid-In Capital in Excess of Par - Preferred Stock 30 Retained Earnings 31 Treasury Stock $ 32 Sales Revenue 33 Rent Revenue 34 Bad Debts Expense $ 35 Interest Expense $ 36 Cost of Goods Sold $ 37 Depreciation Expense 38 Other Operating Expenses $ 39 Payroll Tax Expense $ A Catan Data & instructions Beach TB Journal $ $ $ $ $ S $ s $ $ $ s $ $ $ 17,391 00 4,067 25 37,125.00 1,375.00 175,500.00 30,000.00 6,000.00 $ 75,050.00 668,537 75 $ $ 311,297.00 117 963.00 Ad. Trial Balance Income Statement Ready 1 O Search for anything o the Review Formulas View Tell me what you Data Help Draw Home Page Layout File Insert PROTECTED VIEW Be carefutiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protec f Cash A6 D E c 128.065.00 220,000.00 $ 34 000.00 $ 150,000.00 14 400 00 48,955.00 16,000.00 45,000.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 17,391.00 4,067 25 37,125.00 1,375 00 A B 10 Land $ 11 Buildings $ 12 Accumulated Depreciation - Buildings 13 Equipment $ 14 Accumulated Depreciation - Equipment 15 Accounts Payable 16 Dividends Payable 17 Uneamed Rent Revenue 18 Notes Payable 19 Interest Payable 20 FICA SS Payable 21 FICA Medicare Payable 22 Federal Income Tax Payable 23 Union Dues Payable 24 Salaries Payable 25 Bonds Payable (10%) 26 Common Stock ($10 par) 27 Paid-In Capital in Excess of Par - Common Stock 28 Preferred Stock ($20 par) 29 Paid In Capital in Excess of Par-Preferred Stock 30 Retained Earnings 31 Treasury Stock $ 32 Sales Revenue 33 Rent Revenue 34 Bad Debts Expense $ 35 Interest Expense $ 36 Cost of Goods Sold $ 37 Depreciation Expense $ 38 Other Operating Expenses $ 39 Payroll Tax Expense $ 40 Sales Salaries Expense $ 41 Total $ 42 43 44 Unrecorded transactions: Data & instructions Beach TB Journal 175,500.00 30,000 00 6.000.00 75,050.00 668,537.75 $ $ 311,297 00 117,983 00 $ 1 174,786.00 1,174,786.00 R Adj. Trial Balance Income Statement Ready O 13 Search for anything F D B C E 41 Total $ 1 174,786.00 $||1,174,786 00 42 43 44 Unrecorded transactions: 45 Sept. 1 Beach issued 8,367 shares of $10 par value common stock for $362.000 46 Oct 1 Beach purchased 2 264 shares of its own stock for $41 per share. 47 Nov. 30 Beach issued 1,653 shares of $20 par, 6% preferred stock for $78,451 48 Dec 15 Beach declared a $1.53 per share dividend on the outstanding common stock, payable on 49 January 15, 2020 50 Dec 31 Beach estimates that uncollectible accounts receivable at year end is $5,200 51 Dec. 31 The building is being depreciated using the straight line method over 20 years. The salvage 52 value is $15,000. Record the annual depreciation 53 Dec. 31 The equipment is being depreciated using the units of production method over 10 years or 54 70,000 hours. The salvage value is $10,000 The equipment was used 7 750 hours this year 55 Dec 31 The unearned rent represents receipt of 4 months' rent in advance (November 1, 2019 through 56 February 28, 2020). Prepare the December adjusting entry 57 Dec. 31 Beach employs 6 salespeople, each of whom earn $4 360 per month and have been employed 58 since January 1. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, 59 and FICA Medicare taxes are 1.45% of gross pay. Prepare the employer's entry to record December 60 employee payroll expenses, including federal income tax withheld of $3,240 and union dues of $120 61 Dec. 31 Prepare the employer's payroll tax expense for December FUTA taxes are 0.6% and SUTA taxes 62 are 5.4% of the first $7,000 paid to each employee. 63 Dec. 31 Beach borrowed $45,000 from First State Bank on October 8, 2019 The note is due on February 14 3, 2020 (120 days) and the bank is charging 8% interest. Record the accrued interest at year-end 65 66 87 68 69 70 24 Como Pro 2 201920 (1) Protected View Enablediti Home Draw Page Layout Formulas Data Review View Help Tell me what you want to do 0 PROTECTED VIEW B-files from the internet can continues Undes you need to edit it's safer to stay in Protected View AI + G D B JOURNAL JOURNAL Description Page 1 Credi Dobit 1 2 Date 3 4 B 7 8 0 10 -11 12 13 14 15 16 17 38 19 Data & instructions Bal Beach Te Journal Adj. Trial Balance Income Statement Retained Earnings Ready Search for anything ALI Comp Prob 2 201920 (U Prote File Horne Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do PROTECTED VIEW Be Carefules from the Internet can contain viruses. Unless you need to edit ater to stay in Protected View. A1 C D E 1 2 3 4 9 6 Adiusted Trial Balance Debit Balance Credit Balance 8 9 Account 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Retained Earning Data & instructions Income Statement Journal Beach TB Adj. Trial Balance Ready * Search for anything o il Comp Prob 2 201920(1) Prote En File Home insert Page Layout Forms Data Review View Help Tell me what you want to do PROTECTED VIEW Beetles from there can contains. Unless you need to edit alerto stay in Protected View Al D D E 1 4 Income Statement 5 2 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NNNN Data & Instructions Beach TB Journal Adj Trial Balance Income Statement Retained Earnings Search for anything 1 1 c 113 Comp Prob 2 201920 (1) PC Draw File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do PROTECTED VIEW Be careful--les from the internet can contain Viruses. Unless you need to edit, it's safer to stay in Protected View. E A1 B D E F Rotained Earnings Statement 1 2 3 4 5 6 7 B 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 20 30 31 32 33 Beach TB Journal Adj. Trial Balance Income Statement Retained Earnings Balance Sheet Ready HE Search for anything * 1 13 PROTECTED VIEW Beetles from the met can continues. Unless you need to add A1 8 D 1 2 3 Classified Balance Sheet 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 Beach To Journal Adj Trial Balance Income Statement Retained Earnings Balance Sheet Ready Search for anything O stic 13 in Data Formulas Review View Help Tell me what File Home Page Layout Insert Draw PROTECTED VIEW Be careful--files from the Internet can contain vituses. Unless you need to edit it's safer to stay in Pre fy Cash A6 D F E Credit Debit 126,950 00 82,000.00 $ 1.385.00 40,511.00 126,065.00 220,000.00 $ 34,000.00 $ 150,000.00 14,400.00 48 955.00 16,000.00 45,000.00 A 8 5 8 I Cash $ 7 Accounts Receivable $ 8 Allowance for Doubtful Accounts 9 Inventory $ 10 Land $ 11 Buildings $ 12 Accumulated Depreciation - Buildings 13 Equipment $ 14 Accumulated Depreciation - Equipment 15 Accounts Payable 16. Dividends Payable 17 Unearned Rent Revenue 18 Notes Payable 19 Interest Payable 20 FICA SS Payablo 21 FICA Medicare Payable 22 Federal Income Tax Payable 23 Union Dues Payable 24 Salaries Payable 25 Bonds Payable (10%) 26 Common Stock ($10 par) 27 Paid-In Capital in Excess of Par - Common Stock 28 Preferred Stock ($20 par) 29 Paid-In Capital in Excess of Par - Preferred Stock 30 Retained Earnings 31 Treasury Stock $ 32 Sales Revenue 33 Rent Revenue 34 Bad Debts Expense $ 35 Interest Expense $ 36 Cost of Goods Sold $ 37 Depreciation Expense 38 Other Operating Expenses $ 39 Payroll Tax Expense $ A Catan Data & instructions Beach TB Journal $ $ $ $ $ S $ s $ $ $ s $ $ $ 17,391 00 4,067 25 37,125.00 1,375.00 175,500.00 30,000.00 6,000.00 $ 75,050.00 668,537 75 $ $ 311,297.00 117 963.00 Ad. Trial Balance Income Statement Ready 1 O Search for anything o the Review Formulas View Tell me what you Data Help Draw Home Page Layout File Insert PROTECTED VIEW Be carefutiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protec f Cash A6 D E c 128.065.00 220,000.00 $ 34 000.00 $ 150,000.00 14 400 00 48,955.00 16,000.00 45,000.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 17,391.00 4,067 25 37,125.00 1,375 00 A B 10 Land $ 11 Buildings $ 12 Accumulated Depreciation - Buildings 13 Equipment $ 14 Accumulated Depreciation - Equipment 15 Accounts Payable 16 Dividends Payable 17 Uneamed Rent Revenue 18 Notes Payable 19 Interest Payable 20 FICA SS Payable 21 FICA Medicare Payable 22 Federal Income Tax Payable 23 Union Dues Payable 24 Salaries Payable 25 Bonds Payable (10%) 26 Common Stock ($10 par) 27 Paid-In Capital in Excess of Par - Common Stock 28 Preferred Stock ($20 par) 29 Paid In Capital in Excess of Par-Preferred Stock 30 Retained Earnings 31 Treasury Stock $ 32 Sales Revenue 33 Rent Revenue 34 Bad Debts Expense $ 35 Interest Expense $ 36 Cost of Goods Sold $ 37 Depreciation Expense $ 38 Other Operating Expenses $ 39 Payroll Tax Expense $ 40 Sales Salaries Expense $ 41 Total $ 42 43 44 Unrecorded transactions: Data & instructions Beach TB Journal 175,500.00 30,000 00 6.000.00 75,050.00 668,537.75 $ $ 311,297 00 117,983 00 $ 1 174,786.00 1,174,786.00 R Adj. Trial Balance Income Statement Ready O 13 Search for anything F D B C E 41 Total $ 1 174,786.00 $||1,174,786 00 42 43 44 Unrecorded transactions: 45 Sept. 1 Beach issued 8,367 shares of $10 par value common stock for $362.000 46 Oct 1 Beach purchased 2 264 shares of its own stock for $41 per share. 47 Nov. 30 Beach issued 1,653 shares of $20 par, 6% preferred stock for $78,451 48 Dec 15 Beach declared a $1.53 per share dividend on the outstanding common stock, payable on 49 January 15, 2020 50 Dec 31 Beach estimates that uncollectible accounts receivable at year end is $5,200 51 Dec. 31 The building is being depreciated using the straight line method over 20 years. The salvage 52 value is $15,000. Record the annual depreciation 53 Dec. 31 The equipment is being depreciated using the units of production method over 10 years or 54 70,000 hours. The salvage value is $10,000 The equipment was used 7 750 hours this year 55 Dec 31 The unearned rent represents receipt of 4 months' rent in advance (November 1, 2019 through 56 February 28, 2020). Prepare the December adjusting entry 57 Dec. 31 Beach employs 6 salespeople, each of whom earn $4 360 per month and have been employed 58 since January 1. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, 59 and FICA Medicare taxes are 1.45% of gross pay. Prepare the employer's entry to record December 60 employee payroll expenses, including federal income tax withheld of $3,240 and union dues of $120 61 Dec. 31 Prepare the employer's payroll tax expense for December FUTA taxes are 0.6% and SUTA taxes 62 are 5.4% of the first $7,000 paid to each employee. 63 Dec. 31 Beach borrowed $45,000 from First State Bank on October 8, 2019 The note is due on February 14 3, 2020 (120 days) and the bank is charging 8% interest. Record the accrued interest at year-end 65 66 87 68 69 70 24 Como Pro 2 201920 (1) Protected View Enablediti Home Draw Page Layout Formulas Data Review View Help Tell me what you want to do 0 PROTECTED VIEW B-files from the internet can continues Undes you need to edit it's safer to stay in Protected View AI + G D B JOURNAL JOURNAL Description Page 1 Credi Dobit 1 2 Date 3 4 B 7 8 0 10 -11 12 13 14 15 16 17 38 19 Data & instructions Bal Beach Te Journal Adj. Trial Balance Income Statement Retained Earnings Ready Search for anything ALI Comp Prob 2 201920 (U Prote File Horne Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do PROTECTED VIEW Be Carefules from the Internet can contain viruses. Unless you need to edit ater to stay in Protected View. A1 C D E 1 2 3 4 9 6 Adiusted Trial Balance Debit Balance Credit Balance 8 9 Account 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Retained Earning Data & instructions Income Statement Journal Beach TB Adj. Trial Balance Ready * Search for anything o il Comp Prob 2 201920(1) Prote En File Home insert Page Layout Forms Data Review View Help Tell me what you want to do PROTECTED VIEW Beetles from there can contains. Unless you need to edit alerto stay in Protected View Al D D E 1 4 Income Statement 5 2 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NNNN Data & Instructions Beach TB Journal Adj Trial Balance Income Statement Retained Earnings Search for anything 1 1 c 113 Comp Prob 2 201920 (1) PC Draw File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do PROTECTED VIEW Be careful--les from the internet can contain Viruses. Unless you need to edit, it's safer to stay in Protected View. E A1 B D E F Rotained Earnings Statement 1 2 3 4 5 6 7 B 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 20 30 31 32 33 Beach TB Journal Adj. Trial Balance Income Statement Retained Earnings Balance Sheet Ready HE Search for anything * 1 13 PROTECTED VIEW Beetles from the met can continues. Unless you need to add A1 8 D 1 2 3 Classified Balance Sheet 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 Beach To Journal Adj Trial Balance Income Statement Retained Earnings Balance Sheet Ready Search for anything O stic 13 in