Question: Please help with these different journal entries question. Will be sure to leave a review. Thank you! Performance Plastics Company (PPC) has been operating for

Please help with these different journal entries question. Will be sure to leave a review. Thank you!  Please help with these different journal entries question. Will be sure
to leave a review. Thank you! Performance Plastics Company (PPC) has been
operating for three years. The December 31, 2015, account balances are: Cash
Accounts Recelvable Inventory Supplies Notes Recelvable (due 2018) Equipment Buildings Land Accounts
Payable Notes Payable (due 2019) Common Stock Retalned Earnings 44,500 9,050 61,500
7,900 5,650 82,000 152,000 32,750 47,500 100,000 150,000 97,850 During the year
2016, the company had the following summarized activities: a. Purchased equipment that

Performance Plastics Company (PPC) has been operating for three years. The December 31, 2015, account balances are: Cash Accounts Recelvable Inventory Supplies Notes Recelvable (due 2018) Equipment Buildings Land Accounts Payable Notes Payable (due 2019) Common Stock Retalned Earnings 44,500 9,050 61,500 7,900 5,650 82,000 152,000 32,750 47,500 100,000 150,000 97,850 During the year 2016, the company had the following summarized activities: a. Purchased equipment that cost $25,350; paid $9,450 cash and signed a two-year note for the balance. b. Issued an additional 2,600 shares of common stock for $26,000 cash. c. Borrowed $61,000 cash from a local bank, payable June 30, 2018. d. Purchased supplies for $6,200 cash. e. Bult an addition to the factory buildings for $69,750; pald $33,250 in cash and signed a three-year note for the balance. f. Hired a new president to start January 1, 2017. The contract was for $95,000 for each full year worked

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