Please complete general journal, balance sheet and analysis.

Performance Plastics Company (PPC) has been operating for three years. The beginning account balances are Cash Accounts Receivable Inventory Supplies Notes Receivable (due in three years) Equipment Buildings Land Accounts Payable Notes Payable (due in three years) Common Stock Retained Earnings $ 35,000 5,000 40,000 5,000 2,000 80,000 120,000 30,000 37,000 80,000 150,000 50,000 During the year, the company had the following summarized activities: a. Purchased equipment that cost $21,000; paid $5,000 cash and signed a two-year note for the balance. b. Issued an additional 2,000 shares of common stock for $20,000 cash. C. Borrowed $50,000 cash from a local bank, payable June 30, in two years. d. Purchased supplies for $4,000 cash. e. Built an addition to the factory buildings for $41,000; paid $12,000 in cash and signed a three-year note for the balance. f. Hired a new president to start January 1 of next year. The contract was for $95,000 for each full year worked. Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis General Journal tab - Prepare the journal entries to record the transactions (a) through (f). Review the 'General Ledger' and the unadjusted 'Trial Balance' Tabs to see the effect of the transactions on the account balances. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab. Balance Sheet tab - Prepare a classified balance sheet at December 31. Analysis tab - Using the information from the requirements above, complete the 'Analysis' tab. Journal entry worksheet B C D E F Purchased equipment that cost $21,000; paid $5,000 cash and signed a two- year note for the balance. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 PERFORMANCE PLASTICS COMPANY Balance Sheet At December 31 As of December 31 has the financing for PPC's investment in assets primarily come from liabilities or stockh O Liabilities Stockholder's Equity