I need help with the Income statement, Retained earning statement and the balance sheet. I have included all the other aspects of the question,

Unracordad trargactions and adjustments:

$1.$ On January $1,2022,$ Sharidan issuad $1,140$ shares of $\backslash (\backslash$$ $20\backslash )$ par, $\backslash (6\backslash \%\backslash )$ prafarrad stock for $\backslash (\backslash$$ $25,090\backslash ).$

$2.$ On January $1,2022,$ Sharidan also izsuad $1,140$ sharas of cammon stock for $\backslash (\backslash$$ $26,220\backslash ).$

$3.$ Sheridan reacquirad $342$ shares of its comman stack on July $1,2022,$ for $\backslash (\backslash$$ $49\backslash )$ per share

$4.$ On Dacamber $31,2022,$ Sheridan declared the annual cash dividend on the preferred stack and a $\backslash (\backslash$$ $1\mathrm{.}50\backslash )$ per share dividend on the outstanding common stock, all payable on January $15,2023.$

$5.$ Sheridan estimates that uncollectible accounts recaivable at year$-$and are $\backslash (\backslash$$ $5,814\backslash ).$

$6.$ The building is being depreciated using the straight$-$line mathod over $30$ years. The salvage value is $\backslash (\backslash$$ $5,700\backslash ).$

$7.$ The equipment is being depreciated using the straight$-$line method over $10$ years. The salvage value is $\backslash (\backslash$$ $4,560\backslash ).$

$8.$ The uncarned rent was collected on October $1,2022.$ It was racsipt of $4$ month's' rent in advance $($Octobar $1,2022$ through January $31,2023].$

$9.$ The $\backslash (10\backslash \%\backslash )$ bonds payable pay interest every January $1.$ The intarst for the $12$ months endad December $31,2022,$ has not bean paid or racordad.

Your Answar

Preparejournal entries for the transactions and adjustment listad abova. $($Credit account tities are automatically indented when amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$ Cash

$25,050$

Praterrad Stook

Paid$-$in Capltal in Evessa of Dar$-$Prifarred Stock

$2.$ Gash

$26,220$

Comman Stadx

Pald$-$in Capitad in Evossa of Par$-$Cammon Stock

$3.$ Treasury Stook

Cash

$4.$ Gash Devidands

DMdiends Payable

$5.$ Bad Debt Exgenas $1$

$6.$

$3,420$

Accumalatad Dagraslatlor$-$Eulldinas

$7.$ Degresderton Exparsa

$4,104$

Accumulatad Dagrasetatian$-$Equloment

$8.$ Unatrnad Rasti Ravinue

$6,840$

Rasnt Revenuy

$9.$ Intarast Equeros

$3,700$ Aumbi lnawer $/$hewi;

SHTriBAY COGRORETIOM Adjuntad Trithl Paliones

Deserlewiza $2005$

Deats

Credit: SHEGONN CORPORATIOM

Antarces shust

Duavitasa, $2020$

Aasets

ETeatsacok and Media

Wrist Accaurta Vaeranowar la gorialy cambia Incence sentamint

$2$itu Renvol

$\backslash (\backslash$square $\backslash )$

Ogwaind $\backslash (\{\}^\{2\}\backslash )$ gevast

Aas Suiniviguta

Suprectavian Eingeres

Tua QuaviyDigata

Oneu Finen$//$has$/$

Neninowere: Laad

cTeatsagok and Medi

Wre ar Accsurta $[$d$]$

$(2)$ Wercowarls gertaly cameta

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