Make the entries for the following transactions of Henry Company. (21 marks) 1.Mar 1 Purchase merchandise...

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Make the entries for the following transactions of Henry Company. (21 marks) 1.Mar 1 Purchase merchandise on account from Ace Wholesale Supply $2000. 2.Mar 2 Sold merchandise to BBC Company on account $1500, terms 2/10, n/30, the cost of merchandise is $1000. 3.Mar 6 Paid cash $2000 to Ace wholesale Supply. 4.Mar 10 Wrote off uncollectible accounts receivable in the amount of $850. 5. Mar 30 Received cash in full from BBC. 6. Mar 31 The depreciation for this period is $500. Write the closing entries and prepare Income statement, Balance Sheet and Statement of Equity for Emily Schneider Company based on the following Adjusted Trial Balance. (36 marks) Emily Schneider Company Adjusted Trial Balance on 31 Dec, 2022 Debit Credit $8.700 1,500 100 3.000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated depreciation-equipment Furniture Accumulated depreciation-furniture Accounts payable Salary payable 3,600 $50. 60 3,600 500 Make the entries for the following transactions of Henry Company. (21 marks) 1.Mar 1 Purchase merchandise on account from Ace Wholesale Supply $2000. 2.Mar 2 Sold merchandise to BBC Company on account $1500, terms 2/10, n/30, the cost of merchandise is $1000. 3.Mar 6 Paid cash $2000 to Ace wholesale Supply. 4.Mar 10 Wrote off uncollectible accounts receivable in the amount of $850. 5. Mar 30 Received cash in full from BBC. 6. Mar 31 The depreciation for this period is $500. Write the closing entries and prepare Income statement, Balance Sheet and Statement of Equity for Emily Schneider Company based on the following Adjusted Trial Balance. (36 marks) Emily Schneider Company Adjusted Trial Balance on 31 Dec, 2022 Debit Credit $8.700 1,500 100 3.000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated depreciation-equipment Furniture Accumulated depreciation-furniture Accounts payable Salary payable 3,600 $50. 60 3,600 500