.Journalize each entry and identify the type pf adjusting entry if appropriate

Post to ledger

Prepare trial balance

Prepare income statement

Prepare statement of retained earnings

Prepare balance sheet

Prepare closing entries

40. Purchased supplies on account $15,000

41. Bad debt expense 1% of credit sales

42. Dwight Howard paid $20,000 in advance to rent cars for friends for the NBA All Star Game

43. Depreciation expense on equipment is calculated utilizing straight-line method and five-year life

44. Depreciation expense on autos is calculated utilizing the double declining balance method and a five-year life

45. Record expiration of one years insurance premiums

46. Accrued salaries at end of year totaled $12,000

47. Dwight Howard was provided cars for all-star game

48. Corporate car rental revenue earned totaled $150,000

49. Collections of car rental revenue on account $125,000

50. Supplies purchased on account $15,000

51. Payment on account payable $12,000

52. Cash sales $250,000

53. Office rental expenses $75,000

54. Car rental revenue received in advance from James Hardin for opening night to transport his entourage to the game $15,000 for five limousines

55. Paid principal of $30,000 and interest of $15,000 on autos.

56. Flood expenses incurred after hurricane Harvey $80,000

57. Salary expenses $125,000

58. Purchased land costing $200,000 each and paid 20% down and signed a note for the balance

59. Corporate car rental revenue earned totaled $200,000

60. Collections of car rental revenue on account $175,000