Need help with steps 5 a. b. c the last slides.

\f\f1 BA212 Financial Accounting II Capstone Project 2 Account 8: Unadjusted Trial Balance data 3 4 5 Income statement data: 6 Advertising expense 150,000 7 Bad Debt Expense 8 Cost ofgoods sold 3,500,000 9 Delivery expense 30,000 10 Depreciation expenseofce buildings and equipment 30,000 11 Depreciation expensestore buildings and equipment 100,000 12 Gain (Loss) on asset disposal 1,933 13 Income tax expense 140,500 14 Insurance expense 15 Interest expense 2 1,000 16 Interest revenue 30,000 17 Miscellaneous administrative expense 7,500 18 Miscellaneous selling expense 14,000 19 Ofce rent expense 50,000 20 Ofce salaries expense 170,000 21 Ofce supplies expense 10,000 22 Sales 5,313,000 23 Sales commissions 185,000 24 Sales salaries expense 385,000 25 Store supplies expense 2 1,000 26 Balance sheet data: Accounts payable 194,300 Accounts receivable 545,000 Accumulated depreciationofce buildings and equipment 1,580,000 Accumulated depreciationstore buildings and equipment 4,126,000 Allowance for doubtful accounts 8,450 Bonds payable 500,000 Cash 217,650 Common stock, $20 par (400,000 shares authorized; 85,000 shares 1,700,000 issued, 94,600 outstanding Cash dividends common stock 50,000 Cash dividends preferred stock 40,000 Dividends Payablecommon stock Dividends Payablepreferred stock Goodwill 700,000 Income tax payable 44,000 Interest receivable 1,200 Land 2,000,000 Merchandise Inventory 778,000 Notes Receivable _ Ofce buildings 4,000,000 Ofce Equipment 320,000 Paidin capital Treasury Stock 13,000 Paidin capital in excess of parcommon stock 736,800 Paidin capital in excess of parpreferred stock 170,000 Preferred 5% stock, S80 par (30,000 shares authorized; 16,000 shares 1,280,000 issued) Premium on bonds payable 19,000 Prepaid Insurance 30,000 Retained earnings W Store buildings 9,000,000 Store Equipment 3,560,000 Treasury stock 178,200 Unearned Revenues 112,000 BA212 Financial Accounting || Capstone Project Journal Entry Data 1 2 3 4 Step 1: Selected transactions completed by XYZ Co. during the fiscal year ended December 31, 2021, 5 are as follows. Recreate the journal entries that were created for the transactions on the Journal 6 7 B 9 tab. Note: These transactions are already included ln Unadjusted Trial Balance account balances. \"2'21 Issued 15,000 shares of $20 parcommon stock at $30, receiving cash. 10 1/2/21 Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. 11 1/2/21 Issued $500,000 of 10-yea r, 5% bonds at 104, with interest payable semiannua lly. Issued a 180-day, 5%, $50,000 note to a customerthat was late in repaying theirAccounts 12 3f14f21 Receivable. The note was repaid in full including interest on the due date. Decare: a quartery Huivien o 0.50 pers are on common stoc am 1.00 pers are on preferred stock. 0n the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outsta nding (note: pay attention to the Chart ofAccounts - there are separate dividends accountsfor common and 13 4/1/21 14 5/15/21 Paid the cash dividends declared on 4,11,!21. 15 5/17121 Purchased 8,000 shares of treasury common stock at $33 per sha re. Purchased Store equipment on account for $105,000, to be depreciated using the straight-line 15 7/1/21 method over 7 years. Assume 50 Residual Value. 17 7/15{21 20,000 shares of preferred stock had been issued. 2. 9m. 21 9/19121 _ _ _ _ The note issued on 9,319,!21 was not collected, so the note was reclassified as Accounts 22 11/13/21 Receivable, with accrued interest. Sold Office equipment for $5,000. The equipment originally cost $32,000 when it was purchased on January 1, 2018, had no residualvalue, and was being depreciated using the H [10 E 03 t'lE'FEI'I CUS OI'TIE'FW OWES a 8 In repaying E'IF 23 11/30/21 straight-line method over5 yea rs. Disposed of obsolete Store equipment having an original cost of $15,000. The equipment is fully depreciated, and no proceeds were received on the date of disposal. 24 12/15/21 \f\fB C D Step 2: Journalize the following adjustments in proper journal entry form. See Chapter 3 in your text. 12/31/21 12/31/21 12/31/21 12/31/21 12/31/21 12/31/21 12/31/21 Record the payment of semiannual interest on the bonds issued in January 2021 and the amortization of the premium for six months. The amortization is determined using the straight-line method. Record interest due on outstanding note receivable that was converted to Accounts Receivable in November. A determination whetherto write off the note as uncollectible will be made in 1Q22. Record the adjustment to Unearned Revenues. Goods related to Unearned Revenues of $22,000 were delivered. Amortize Prepaid Insurance. The 12-month insurance policy was purchased on September 1. Record Depreciation expense on Store Buildings $20,000; Office Buildings $30,000; and Office Equipment $10,000. Record Depreciation expense of the Store Equipment. 1} Compute Depreciation expense on the store equipment purchased in July. 2} Depreciation expense on other Store Equipment assets is $62,500. (The adjustment should be for the sum of these two amounts). Estimated Allowance for Doubtful Accounts is computed to be 1% of current year sales. (Hint: the amount of the adjustment should be computed starting from the unadjusted balance in Allowance for DoubtfulAccounts) E Points Earned Step 2 I Hint! Remember that Interest rates are stated as annual rates.... so when the amount of time is less than one year, you must prorate the interest rate by months or days \f\f\f