6. Paid 53 soe for Warier and wages due nnployees, of which 53,500 is for December and 52,000 was accrued in November to salaries and wages payable 71 soo of defective merchandoe was returned from a November zo, zoaz sele on account ineceived s1.Joo cash from customers ie payment of account (no dscount alowed) 13 Purchased merchabdise on account from Hecte Co,56,200, teents 2/10, n 30 25 Purchared swpples for cauh 12,2 go 18. Sold meichandise on accourt sic, 590, tems 3 ho, n/30. The cost of the merchandse sold was 33 , poo 20 Paid mares and wager 53,400 21 Pad s3pooin advance for nent yoar sanfoal enturance 23 Pad thecht Co in full less deroutit. 27 Recelved collectons in full les5 discounts, from customers billed on December 18 . 28 Received 51,000 from customers for services to be preformed in the future 29 Purchase Equpment on account for $12,000 Adjustmentdata 1. Accrued salaries and wages payable were $1,700 at the end of the month 2. Depreciation was 3733 per month. 3. Supplies on hand were 51,625 4. One month of interest income should be recorded on the s 7,200 Note Receivable at an APR of 6.5% 5. Services were preformed to satisfy sgoo of the uncamed revenue 6. December's prepaid rent has been used (annual amount was $23,200 as recorded in Prepa dent). Requred Completa each tabiof ths Excel Workhcot General lournal (al wansactons wi Decembery mapinto I Accounds (add amyif necessalylu prepare Iral Balance prepare the adjuking entries (2-5 above), Prepare Financial Statements in good form (multistep income statement, statement of retained earnings, balance sheet) prepare the closing entries, prepare the required ratio computations Problem TAccounts General Joumal Inal Balance Adjusting Entries Financial Statements Post Clowng Entrie: Divine Distribuing Company Income Statement (Multi-Step format) For the Month Ended December 31, 2022 Sates Total Operating Expenses Income From Operations Other Revenues/Gains Net Income/Loss \begin{tabular}{|} 0.00 \\ \hline 0.00 \end{tabular} Divine Distribuing Company Retained Earnings Statement For the Month Ended December 31, 2022 Retained Earnings as of December 31, 2022 Divine Distribuing Company Balance Sheet December 31,2022 Current Assets Total Current Assets 0 Property, Plant, and Equipment Totat Property, Plant and Equipment Total Assets 0 0 Current Liablities Current Liablities Total Current Liabilities 0 Stockholder's Equity TotalStockholdersEquityTotalLiabilitiesandStockholdersEquity00 6 Paid 13,500 for solories and wsget dve employees, of which 51 , seo is for December and 52,000 was acenved in November to salaries and wages payabl 7.5400 of defective merchandse was returned from a November 30,2022 sale on account 8 Recelved 12800 cash from customers in payment of account (no divcount allowed) 10. Sold merchandse for cash 17,400. The cost of the merchandise sold was 12.840 . (2 entries required) 13. Purchased merchandise an account from Hecht Co. 56,200 , terms 2/10, nijo. 25 Purchased supplies for cois 32,250 18. Sold merchandise on account 114,500 , tems 3/10,n/30. The cost of the merchandue sold was 18,700 20 Paid seleres and wages 53400 21. Pald 53,000 in adiance for cext year's annual inturance 23 Paid Hecht Co in full, less discount 27 Received collections in full, less discounts, from customers billed on December 18 , 28 Received t1,oob from cuttiomen for senicei to be preformed in the future 29 Purchase Equipment on account for 112,000 Adjustment data: 1. Accrued salaries and wages payable were $1,700 at the end of the month 2. Depreciation was 5733 per month 3. Supplies on hand were 51,625 4. One month of interest income should be recorded on the 57,200 Note Receivable at an APR of 6.596 5 Services were preformed to satisfy $900 of the unearned revenue 6. December's prepoid rent has been used (annual amount was 513,200 as recorded in Prepaid Rent) Required Complete each tab of this Excel Worksheet: General Joumal (all transactionsin December). map into T Accounts (add any if necessary), prepare. Trial Balance prepare the adjusting entries (1-6 above). Prepare. Financial Statements in good form (multi-step income statement, statement of retained earnings, balance prepare the closing entries, prepare the required ratio computations bunny becemper, the compery compieted the numuming uanumang Det 6. Paid 33.500 for salanes and wages due employees, of which $1.500 is for December and 52,000 was accrued in November to salanes and wages gay 7. 1400 of defective merchandise was retumed from a November 30,2022 sale on account 8 Received 51 , 8oo cash from customers in payment of account (no discount allowed) 10 Sold merchandise for cash$7,400. The cost of the merchandise sold was $3.840. (2 entries required) 23 Purchased merchandise on sccount from Hecht Co 56,200 , terms 2/10, ni30. is Purchased supplies for cash $1,250 28 Sold merchandise on account 54,500 , terms 3/10,n/30. The cost of the merchandise sold was $8,700 20 Paid salbries and wages $3.400 21 Paid s syooo in advance for next year's annual insurance 23 Paid Hecht Co in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18 . 28 Received s1,00o from customers for services to be preformed in the future 29 Purchase Equipment on account for $12,000 Required: Complete each tab of this Excel Worksheet: General Journal (all transactions in December), map into T prepare the adjusting entries (2-6 above), Prepare Financial Statements in good form (multi-step incom prepare the closing entries, prepare the required ratio computations After Adj. 12/31/2021 General Journal Adjustments General Journal \begin{tabular}{|l|l|l|l|} \hline \multicolumn{4}{c|}{ Interest Revenue } \\ \hline \multirow{4}{*}{ Before Adj } & & & \\ \hline & & 12/31 & \\ \cline { 2 - 4 } & & \\ \hline \end{tabular} General Journal Post Closing Entries 6. Paid 53 soe for Warier and wages due nnployees, of which 53,500 is for December and 52,000 was accrued in November to salaries and wages payable 71 soo of defective merchandoe was returned from a November zo, zoaz sele on account ineceived s1.Joo cash from customers ie payment of account (no dscount alowed) 13 Purchased merchabdise on account from Hecte Co,56,200, teents 2/10, n 30 25 Purchared swpples for cauh 12,2 go 18. Sold meichandise on accourt sic, 590, tems 3 ho, n/30. The cost of the merchandse sold was 33 , poo 20 Paid mares and wager 53,400 21 Pad s3pooin advance for nent yoar sanfoal enturance 23 Pad thecht Co in full less deroutit. 27 Recelved collectons in full les5 discounts, from customers billed on December 18 . 28 Received 51,000 from customers for services to be preformed in the future 29 Purchase Equpment on account for $12,000 Adjustmentdata 1. Accrued salaries and wages payable were $1,700 at the end of the month 2. Depreciation was 3733 per month. 3. Supplies on hand were 51,625 4. One month of interest income should be recorded on the s 7,200 Note Receivable at an APR of 6.5% 5. Services were preformed to satisfy sgoo of the uncamed revenue 6. December's prepaid rent has been used (annual amount was $23,200 as recorded in Prepa dent). Requred Completa each tabiof ths Excel Workhcot General lournal (al wansactons wi Decembery mapinto I Accounds (add amyif necessalylu prepare Iral Balance prepare the adjuking entries (2-5 above), Prepare Financial Statements in good form (multistep income statement, statement of retained earnings, balance sheet) prepare the closing entries, prepare the required ratio computations Problem TAccounts General Joumal Inal Balance Adjusting Entries Financial Statements Post Clowng Entrie: Divine Distribuing Company Income Statement (Multi-Step format) For the Month Ended December 31, 2022 Sates Total Operating Expenses Income From Operations Other Revenues/Gains Net Income/Loss \begin{tabular}{|} 0.00 \\ \hline 0.00 \end{tabular} Divine Distribuing Company Retained Earnings Statement For the Month Ended December 31, 2022 Retained Earnings as of December 31, 2022 Divine Distribuing Company Balance Sheet December 31,2022 Current Assets Total Current Assets 0 Property, Plant, and Equipment Totat Property, Plant and Equipment Total Assets 0 0 Current Liablities Current Liablities Total Current Liabilities 0 Stockholder's Equity TotalStockholdersEquityTotalLiabilitiesandStockholdersEquity00 6 Paid 13,500 for solories and wsget dve employees, of which 51 , seo is for December and 52,000 was acenved in November to salaries and wages payabl 7.5400 of defective merchandse was returned from a November 30,2022 sale on account 8 Recelved 12800 cash from customers in payment of account (no divcount allowed) 10. Sold merchandse for cash 17,400. The cost of the merchandise sold was 12.840 . (2 entries required) 13. Purchased merchandise an account from Hecht Co. 56,200 , terms 2/10, nijo. 25 Purchased supplies for cois 32,250 18. Sold merchandise on account 114,500 , tems 3/10,n/30. The cost of the merchandue sold was 18,700 20 Paid seleres and wages 53400 21. Pald 53,000 in adiance for cext year's annual inturance 23 Paid Hecht Co in full, less discount 27 Received collections in full, less discounts, from customers billed on December 18 , 28 Received t1,oob from cuttiomen for senicei to be preformed in the future 29 Purchase Equipment on account for 112,000 Adjustment data: 1. Accrued salaries and wages payable were $1,700 at the end of the month 2. Depreciation was 5733 per month 3. Supplies on hand were 51,625 4. One month of interest income should be recorded on the 57,200 Note Receivable at an APR of 6.596 5 Services were preformed to satisfy $900 of the unearned revenue 6. December's prepoid rent has been used (annual amount was 513,200 as recorded in Prepaid Rent) Required Complete each tab of this Excel Worksheet: General Joumal (all transactionsin December). map into T Accounts (add any if necessary), prepare. Trial Balance prepare the adjusting entries (1-6 above). Prepare. Financial Statements in good form (multi-step income statement, statement of retained earnings, balance prepare the closing entries, prepare the required ratio computations bunny becemper, the compery compieted the numuming uanumang Det 6. Paid 33.500 for salanes and wages due employees, of which $1.500 is for December and 52,000 was accrued in November to salanes and wages gay 7. 1400 of defective merchandise was retumed from a November 30,2022 sale on account 8 Received 51 , 8oo cash from customers in payment of account (no discount allowed) 10 Sold merchandise for cash$7,400. The cost of the merchandise sold was $3.840. (2 entries required) 23 Purchased merchandise on sccount from Hecht Co 56,200 , terms 2/10, ni30. is Purchased supplies for cash $1,250 28 Sold merchandise on account 54,500 , terms 3/10,n/30. The cost of the merchandise sold was $8,700 20 Paid salbries and wages $3.400 21 Paid s syooo in advance for next year's annual insurance 23 Paid Hecht Co in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18 . 28 Received s1,00o from customers for services to be preformed in the future 29 Purchase Equipment on account for $12,000 Required: Complete each tab of this Excel Worksheet: General Journal (all transactions in December), map into T prepare the adjusting entries (2-6 above), Prepare Financial Statements in good form (multi-step incom prepare the closing entries, prepare the required ratio computations After Adj. 12/31/2021 General Journal Adjustments General Journal \begin{tabular}{|l|l|l|l|} \hline \multicolumn{4}{c|}{ Interest Revenue } \\ \hline \multirow{4}{*}{ Before Adj } & & & \\ \hline & & 12/31 & \\ \cline { 2 - 4 } & & \\ \hline \end{tabular} General Journal Post Closing Entries