The following transactions occured during the year ended December 31, 2013. a. GIPI...

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Accounting

The following transactions occured during the year ended December 31, 2013.

a. GIPI issued a stock in exchange for $280,000 cash.

b. GIPI purchased a gymnasium building and gym equipment at the beginning of the year for $54,000, 80% of which related to the gymnasium and 20% to the equipment.

c. GIPI paid $500 cash to have the gym equipment refurbished before it could be used.

d. GIPI colleged $40,000 cash in training fees during the year, of which $5,000 were customer deposits to be earned in 2014.

e.GIPI paid $25,000 of wages and $6,500 in utilities.

f. GIPI provided $8000 in training during the final month of the year and expected collection in 2014.

g. GIPI will depeciate the gymnasium building using the straight-line method over 10 years with a residual value of $2,000. Gym equipment will be depreciated using the double-declining method, with an estimated residual value of $4,500 at the end of its four-year usful ife.

h. GIPI received a bill for $390 of advertisting done during december. The bill has not been paid or recorded.

i. GIPI will record an estimated 3% of its accounts recieveable as not collectable..

j. GIPI's income tax rate is 30%. Assume depreciation for tax is the same amount as depreciation for financial reporting purposes.

I need help finding $$ amounts on these journal entries:

g. Depreciation expense

Accumulated depreciation-equipment

accumulated depreciation-building

j. income tax expense

income tax payable.

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