Write the journal entry when the retailer makes payment. 2. A shoe store sells 150 pairs of athletic cleats to a local baseball league for $1,500 (cost of $900). The league may pay with cash. Write the journal entry for the shoe store. 3. A company pays $2,000 for equipment that is supposed to last four years) The company wants to depreciate the asset over those four years equally. This means the asset will lose $500 in value each year. Please record the depreciation for the first year. 4. A company performs landscaping services in the amount of $1,500. However, they have not yet received payment. How the accompany will record the business activity. 5. Closes revenue accounts to the Income Summary account with the following adjusted trail balance of PRINTING PLUS. 6. Closes expense accounts to the Income Summary account with the following adjusted trail balance of PRINTING PLUS PRINTING PLUS Adjusted Trial Balance For the Month Ended January 31, 2019 Debit Credit Account Title $24,800 Recording the following transactions with double entry system. (5*6) 1. A kitchen appliances retailer purchases merchandise for their store from a manufacturer on September 1 in the amount of $1,600. Credit terms are 2/10, n/30 I from the invoice date of September 1. The retailer makes payment on September 5. Write the journal entry when the retailer makes payment 2. A shoe store sells 150 pairs of athletic cleats to a local baseball league for $1,500 (cost of $900). The league may pay with cash. Write the journal entry for the shoe store. 3. A company pays $2,000 for equipment that is supposed to last four years. The company wants to depreciate the asset over those four years equally. This means the Credit PRINTING PLUS Adjusted Trial Balance For the Month Ended January 31, 2019 Account Title Debit Cash $24,800 Accounts Receivable 1,200 Interest Receivable 140 Supplies 400 Equipment 3,500 Accumulated Depreciation: Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends 100 Interest Revenue Service Revenue Supplies Expense 100 Depreciation Expense: Equipment 75 Salaries Expense 5.100 Utility Expense 300 Total $35.715 s 75 500 1,500 3,400 20,000 140 10,100 $35,715