Need statement sheet and cashflow statment with T-charts done. Please.

JAMUKHA CORPORATION
General journal for the year ended December 31, 2017
Event	Account Title	Debit	Credit
1	Inventory	176000
	Accounts Payable		176000
	(Purchase of inventory during the year)
2	Accounts Receivable	353760
	Sales		335000
	Sales Tax Payable		18760
	(Sales made during the year)
	Cost of goods sold	194500
	Inventory		194500
	(Cost of the goods sold during the year)
3	Cash	26000
	Unearned Revenue		26000
	(Cash received for supplies to be made next year)
4	Cash *	81600
	Bonds Payable		80000
	Premium on bonds payable		1600
	(Issue of 4% bonds at an effective interet rate of 3.79%)
5	Cash	245000
	Accounts Receivable		245000
	(Collections made on account)
6	General Expenses	41250
	Cash		41250
	(Payment of general expenses)
7	Accounts Payable	220750
	Cash		220750
	(Payment on account)
8	Sales Tax Payable	18760
	Cash		18760
	(Payment of sales Tax collected)
9	Cash	9000
	Accumulated Depreciation	50000
	Loss on sale of depreciation	6000
	Equipment		65000
	(Sale of equipment )
10	Cash	194000
	Preferred Stock		160000
	APIC - Preferred Stock		34000
	(Issue of 1,600 shares of $100 par preferred stock)
11	Equipment	180000
	Cash		180000
	(Purchase of equipment)
12	Treasury Srtock	21000
	Cash		21000
	(Purchase of 500 shares of own stock at $42 per share)
13	Salaries Expense	60000
	Payroll Tax Expense	7140
	FICA payable		9180
	FIT Payable		6000
	SIT Payable		3000
	FUTA Payable		600
	SUTA payable		1950
	Salaries Payable		46410
	(Salaries and payroll expenses for the year)
14	Salaries Payable	46410
	FICA payable	9180
	FIT Payable	6000
	SIT Payable	3000
	FUTA Payable	600
	SUTA payable	1950
	Cash		67140
	(Payment of payroll related amounts)
JAMUKHA CORPORATION
Adjusting journal entries for the year ended December 31, 2017
Event	Account Title	Debit	Credit
15	Depreciation Expense *	45000
	Accumulated Depreciation - Equipment		45000
	(Depreciation Expense for the year)
16	Interest Expense	1546
	Premium on bonds payable **	54
	Interest Payable		1600
	(Interest on the bonds payable accounted)
17	General Expense	3600
	Prepaid Insurance		3600
	(Expired insurance @4300 per month recorded for the year 2017)
18	Bad Debt Expense	6488
	Allowance for doubtful accounts		6488
	(Bad debt provided)
19	No entry required
	Depreciation on equipment
	Old equipment
	Balance	165000
	Estimated Life - years	5
	Straight line depreciation (A)	33000
	New purchase	180000
	Estimated life - years	15
	Straight line depreciation rate (1/15)	6.67%
	Double declining balance rate ( 2 X 6.67%)	13.33%
	Depreciation for the year (for half year) (180,000 x 13.33% / 2) (B)	12000
	Total Depreciation (A+B) *	45000
	Face value of the bonds	80000
	Book value of the bonds payable	81600
	Effective interest rate per annum	3.79%
	Semi annual interest at this rate (81,817 x 3.79% / 2)	1546
	Coupon rate of interest per annum	4%
	Actual interest payment (80,000 x 4% / 2)	1600
	Amortization of bond premium (1600 - 1546) **	54
	Accounts Receivable	136760
	Estimated doubtful value	5%
	Allowance for doubtful accounts required (5% of 136,760)	6838
	Balance available in the allowance account	350
	Amount to be provided now ***	6488

Name: TA: Disc #: BUS ADM 201 Introduction to Financial Accounting Spring 2018 EXTRA CREDIT III Due at 11:59 on Saturday, May 12th GRADING: Worth up to 15 points. Carefully READ the requirements on page 2 first, Partially completed problems will earn no credit-that means all requirements must be FULLY completed. All work must be completed by hand. If you complete all items as requested, you will carn at least 7.5 points. The remaining points are dependent upon the accuracy of your answers. Round amounts to the nearest dollar, if applicable Jamukha Corporation prepares annual financial statements. The balance sheet at December 31,2016, is presented below Jamukha Corporation Balance Sheet December 31, 2016 Assets Liabilities and Stockholders' Equity Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid insurance Equipment A/D - Equipment 22,500 28,000 Accounts payable Common stock ($1 par) Paid-in capital in excess of par - 52,900 10,000 (350) Common stock 55,000 Retained earnings 90,000 76,750 4,500 230,000 (110,000) 229,650 229,650 During 2017 the following transactions occurred: 1. Purchased $176,000 inventory on account. Jamukha Corp. uses a perpetual inventory system. 2. Sales of $335,000, plus 5.6% sales tax, were made to customers on account. Cost of goods sold as 3. Received $26,000 cash down payment for orders that will be shipped next year. 4. issued 12 year, $80,000 face value, 4% bonds on July 1 at 102. The bonds were sold to yield an effective $194,500 annual rate of 3.79101%, and they pay interest every January 1 and July 1 5. Collected $245,000 on account. 6. Paid general expenses of $41,250 7. Paid $220,750 on account. 8. Paid the sales tax collected from customers to the State of Wisconsin. 9. On January I, Jamukha Corp. sold for $9,000 cash equipment which originally cost $65,000. Accumulated depreciation for this equipment as of December 31, 2016, was $50,000. This transaction is exempt from sales tax