I need help with my ACCT $201$ project. With the information provided, I need to put theses into adjusting entries. Bad debt is estimated to be $3\%$ of Accounts receivable.

Took out a new note for $$5,600$ on $6/1\frac{?}{24},$ for new equipment $8\%$noncash transaction. This is in addition to the new equipment

purchased for cash.

Need to bill a client for work performed. Contract was for $1,000$

units at $$5$ per shirt. Shipped $650$ units.

Discovered when we took a physical count we had shrinkage of $$500.$

Immaterial in dollar amount.

Depreciation

Building straight line for $20$ years no residual value on original building

Nor $10$ years no residual value.

Depreciation equipment

Old equipment $10\%$ of cost

New equipment $5\%$ of cost the first year

Income tax rate $30\%$

Need to complete income statement

Tri$-$Area Inc. has $1$ employee that earns $$1,500$ each week

The company has $10$ employees with a weekly income of $$900$ each per week.

The employees earned two days of earning

On December $30$ of this year Tri$-$Area factored $$5,000$ of the accounts receivable.

The factor will keep $10\%$ for returns to be paid in thirty days.

The discount rate is $9\%$ with recourse of $$400.$

This was not recorded due to the bookkeeper not sure how to record the entry.

Keep the recivable from factor as a separate receivable.

Contract Modification$-$ Cumulative Catch$-$Up Method

On October $15,2023$ Tri$-$Area Inc. entered into a contract to sell $750$ units

for $$11,250($$$15$ per unit$)$ to Desk Top Inc. Tri$-$Area expected to deliver the units

reduced the price on the remaining units to $$10\mathrm{.}50$ per unit.