please complete question 2

O Answer is not complete. Pool Corporation is the world's largest wholesale distributor of swimming pool supplies and equipment 8 services bulders, and retail swimming poof stores. The mojority of these customers ate smalt, farnily owned businesses like Penny's its trial balance for the last year ended Deccmber 31,2019 is presented below The following transactions occurted during the financiel year 2020 a. A retail pool customet pays his outstanding belance of $8.200 to Pbol corporation. b. Supplies purchased in Cesh amounting $700. c. Pool Corporation purchases Product Inventory in Cash amounting to $4.500 d. Paid wages in cash amountang to $8,900 e. Pool Corporation purchased equipment worth $7,000 and paid immediately. i Pool Corporation peid $2,400 cash for the premium on a 12 th month insurance policy beginning from December 2020 9. Poot Corporation paid $200 towards general repairs in cash. h. Pool Corporation paid $2,848 cash towards Utilites. 1. Poof Corporation paid $200 Jowards transportation for one of the equipment as per the sale agreement. i Pool Corprotion purchased Product inventory for $22.000 Cash. k. Poot Corporation owed $900 wages to the office receptionist and three assistants for workang the last two days in Decentiber 2020 The employees will be pald in January 2021 IOn October 1, 2020, Pool Corporation recelved $24,000 from ctstorners who prepaid pool cleaning service for one yeor beginning on November 1,2020 . ii. Pool Corporation received a $640 utility bill for December utility usage it will be paid in January 2021 : in Pool Corporation borrowed $30,000 from a-local bank on May 1, 2020, signing o note with a 6 percent interest rate. The note and interest are due on May 1,2021. o On Decembey 31,2020, Pool Corporation cleaned and winterized a customer's pool for $12,300, but the service was not yet. recorded on Becember 31 p On August 1,2020, Pool Corpcrotion purchased a two-year insurance policy for 55,400 , with coverage beginning on thiat dete q. During 2020. Pool Corporation purctiased supplies costing $21000 from various suppliers for cash c. Pool Corporation estimated that depreciation on its building and equipment was $8,400 for the year s. At December 31,2020,51,400 of interest on investments was earned that will be recelved in 2021. t Pent for December due to be poid in January 2020 of $1,800 1. Sold $62.000 of goods and received the amount on the same dey. v. Fencord the expired insurance purchased (irans i) for the month of December W. Sales worth $18000 made to Pennys Pool Service \& Supply Inc on Credit x Pool Corporation recelved utilities bill for $20 for December. Paid in cash when tecelved y Property toxpeid $9700 dufing the year. 7. Pecelved partial payment from Ponny's Pool Service \& Supply lnc amounting to $9,000 for the purchase made this year, (tras . W) at Pool Corporation purchased equipment worth $5,000 on credit basts b2. Pool Corporation received the remaining balance amount due towatds the recent sale made to Peinnys Pool Service 8 Supply inc (trans w ( m ) c3. Paid fot the equipmerit purchased. (tran An) d4. On Doconser 31, 2020. Poot Corporation had \$23,000 of pool cloaning supplies on hand Fiecord the necessary adjusting entry es. Property tax due and payable worth $13,000. e6. Recognize revenue eamed ftransaction i) ef Record interest accrued on bonk loan (Transaction N) \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline log0= & a & E= & an & ment & & & T \\ \hline & & & 10 & & xx & & \\ \hline & 4= & & & 4 & 4= & 10 & 10 \\ \hline & + & & +1 & & & & 10 \\ \hline Oot mat & + & & 4 & pense & + & & 1 \\ \hline & = & & 1 & and & & & \\ \hline & and & & & & & & \\ \hline & bures & & =0 & & & a & \\ \hline & & & ming & 18 & & a & 40 \\ \hline 4= & & & & & & & \\ \hline ban & + & & & & & & \\ \hline 6 & and & ines & & & & mines: & \\ \hline & & & & & Enas & & E \\ \hline 5 & & & & 5= & Bring & & \\ \hline Ex & & & =0 & = & & 4x & \\ \hline & 5x & & 5 & & & & \\ \hline & & E & 1 & cosx & & + & =0 \\ \hline & 5 & x & & & & 5 & \\ \hline mis: & & & E & 5x & & & F \\ \hline & & & E & & 8= & & \\ \hline & & E= & & T & & & \\ \hline 18 & 40 & & & & & & \\ \hline & 5 & & & Dente & & & \\ \hline & 5x & & & & & & \\ \hline 50 & & & & lnx & & & \\ \hline a. 0 & & & & 0 & & & - \\ \hline & & & & & & & 0 \\ \hline 8= & E- & & E & & & 0 & \\ \hline & = & & & tars & & & \\ \hline cos & +4 & & & & & x2 & \\ \hline Cones & & & & & & & \\ \hline & & & & & & & \\ \hline & 5= & & = & a & & & \\ \hline & & & = & z= & & - & \\ \hline 5 & +x & & =0 & & & & \\ \hline 5x & 5x & 4 & & & & & +8 \\ \hline & 5 & a= & & cosx & & & \\ \hline & & Ean & 1+ & a & & & 2 \\ \hline cos= & & & & got & x2= & = & \\ \hline En & t & & 10 & 0 & + & & \\ \hline at & & & 5 & & & \begin{aligned} \\ \end{aligned} & Fin \\ \hline & & & & & & & \\ \hline Garone. & & & & cosx & & & \\ \hline at: & 15 & & & & +1 & & \\ \hline & & . & & 30 & & & \\ \hlinex0 & 40 & & & x0 & & & E \\ \hline=0 & & & & 1= & & & \\ \hline & & & 1 & 4 & & & = \\ \hline & & & 7 & & & 5 & \\ \hline & & & & & & & \\ \hline & E & & & & & & \\ \hline & & & & 0 & & & \\ \hline & & & & & & & at \\ \hline Ent be & 4 & & a & Det:- & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline 0 & & & & an & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline ben & & & & & & & \\ \hline & & & & & & & \\ \hline logx & & & & & & & \\ \hline 0 & & & & 0 & & & \\ \hline 0 & & & & 0 & & & \\ \hline & & & & & & & \\ \hline tan & & & & & & & \\ \hline \end{tabular} O Answer is not complete. Pool Corporation is the world's largest wholesale distributor of swimming pool supplies and equipment 8 services bulders, and retail swimming poof stores. The mojority of these customers ate smalt, farnily owned businesses like Penny's its trial balance for the last year ended Deccmber 31,2019 is presented below The following transactions occurted during the financiel year 2020 a. A retail pool customet pays his outstanding belance of $8.200 to Pbol corporation. b. Supplies purchased in Cesh amounting $700. c. Pool Corporation purchases Product Inventory in Cash amounting to $4.500 d. Paid wages in cash amountang to $8,900 e. Pool Corporation purchased equipment worth $7,000 and paid immediately. i Pool Corporation peid $2,400 cash for the premium on a 12 th month insurance policy beginning from December 2020 9. Poot Corporation paid $200 towards general repairs in cash. h. Pool Corporation paid $2,848 cash towards Utilites. 1. Poof Corporation paid $200 Jowards transportation for one of the equipment as per the sale agreement. i Pool Corprotion purchased Product inventory for $22.000 Cash. k. Poot Corporation owed $900 wages to the office receptionist and three assistants for workang the last two days in Decentiber 2020 The employees will be pald in January 2021 IOn October 1, 2020, Pool Corporation recelved $24,000 from ctstorners who prepaid pool cleaning service for one yeor beginning on November 1,2020 . ii. Pool Corporation received a $640 utility bill for December utility usage it will be paid in January 2021 : in Pool Corporation borrowed $30,000 from a-local bank on May 1, 2020, signing o note with a 6 percent interest rate. The note and interest are due on May 1,2021. o On Decembey 31,2020, Pool Corporation cleaned and winterized a customer's pool for $12,300, but the service was not yet. recorded on Becember 31 p On August 1,2020, Pool Corpcrotion purchased a two-year insurance policy for 55,400 , with coverage beginning on thiat dete q. During 2020. Pool Corporation purctiased supplies costing $21000 from various suppliers for cash c. Pool Corporation estimated that depreciation on its building and equipment was $8,400 for the year s. At December 31,2020,51,400 of interest on investments was earned that will be recelved in 2021. t Pent for December due to be poid in January 2020 of $1,800 1. Sold $62.000 of goods and received the amount on the same dey. v. Fencord the expired insurance purchased (irans i) for the month of December W. Sales worth $18000 made to Pennys Pool Service \& Supply Inc on Credit x Pool Corporation recelved utilities bill for $20 for December. Paid in cash when tecelved y Property toxpeid $9700 dufing the year. 7. Pecelved partial payment from Ponny's Pool Service \& Supply lnc amounting to $9,000 for the purchase made this year, (tras . W) at Pool Corporation purchased equipment worth $5,000 on credit basts b2. Pool Corporation received the remaining balance amount due towatds the recent sale made to Peinnys Pool Service 8 Supply inc (trans w ( m ) c3. Paid fot the equipmerit purchased. (tran An) d4. On Doconser 31, 2020. Poot Corporation had \$23,000 of pool cloaning supplies on hand Fiecord the necessary adjusting entry es. Property tax due and payable worth $13,000. e6. Recognize revenue eamed ftransaction i) ef Record interest accrued on bonk loan (Transaction N) \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline log0= & a & E= & an & ment & & & T \\ \hline & & & 10 & & xx & & \\ \hline & 4= & & & 4 & 4= & 10 & 10 \\ \hline & + & & +1 & & & & 10 \\ \hline Oot mat & + & & 4 & pense & + & & 1 \\ \hline & = & & 1 & and & & & \\ \hline & and & & & & & & \\ \hline & bures & & =0 & & & a & \\ \hline & & & ming & 18 & & a & 40 \\ \hline 4= & & & & & & & \\ \hline ban & + & & & & & & \\ \hline 6 & and & ines & & & & mines: & \\ \hline & & & & & Enas & & E \\ \hline 5 & & & & 5= & Bring & & \\ \hline Ex & & & =0 & = & & 4x & \\ \hline & 5x & & 5 & & & & \\ \hline & & E & 1 & cosx & & + & =0 \\ \hline & 5 & x & & & & 5 & \\ \hline mis: & & & E & 5x & & & F \\ \hline & & & E & & 8= & & \\ \hline & & E= & & T & & & \\ \hline 18 & 40 & & & & & & \\ \hline & 5 & & & Dente & & & \\ \hline & 5x & & & & & & \\ \hline 50 & & & & lnx & & & \\ \hline a. 0 & & & & 0 & & & - \\ \hline & & & & & & & 0 \\ \hline 8= & E- & & E & & & 0 & \\ \hline & = & & & tars & & & \\ \hline cos & +4 & & & & & x2 & \\ \hline Cones & & & & & & & \\ \hline & & & & & & & \\ \hline & 5= & & = & a & & & \\ \hline & & & = & z= & & - & \\ \hline 5 & +x & & =0 & & & & \\ \hline 5x & 5x & 4 & & & & & +8 \\ \hline & 5 & a= & & cosx & & & \\ \hline & & Ean & 1+ & a & & & 2 \\ \hline cos= & & & & got & x2= & = & \\ \hline En & t & & 10 & 0 & + & & \\ \hline at & & & 5 & & & \begin{aligned} \\ \end{aligned} & Fin \\ \hline & & & & & & & \\ \hline Garone. & & & & cosx & & & \\ \hline at: & 15 & & & & +1 & & \\ \hline & & . & & 30 & & & \\ \hlinex0 & 40 & & & x0 & & & E \\ \hline=0 & & & & 1= & & & \\ \hline & & & 1 & 4 & & & = \\ \hline & & & 7 & & & 5 & \\ \hline & & & & & & & \\ \hline & E & & & & & & \\ \hline & & & & 0 & & & \\ \hline & & & & & & & at \\ \hline Ent be & 4 & & a & Det:- & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline 0 & & & & an & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline ben & & & & & & & \\ \hline & & & & & & & \\ \hline logx & & & & & & & \\ \hline 0 & & & & 0 & & & \\ \hline 0 & & & & 0 & & & \\ \hline & & & & & & & \\ \hline tan & & & & & & & \\ \hline \end{tabular}