I need help with question number 4 6:36100%Supplies on hand on October 31Depreciation of Building for the year = $12,000Uneamed Rent on October 31Accrued Salary and Wages at October 31 = $2,800Fees eamed but unbilled on October 31 = $10,050= $675- $2,250Instructions:Journalize the adjusting entries using the following additional accounts: Salaries & WagesPayable, Rent Revenue, Insurance Expense, Depreciation Expense - Building, DepreciationExpense - Equipment, and Supplies Expense.2. Determine the balances of the accounts affected by the adjusting entries and prepare anadjusted trial balance.2. Pedroni Oil Company purchased packaging equipment on January 8 for $72,000. Theequipment was expected to have a useful life of three years or 18,000 operating hours, and aresidual value of $4,500. The equipment was used for 7,600 hours during year 1, 6,000 hours inyear 2, and 4,400 hours in year 3.Determine the amount of depreciation expense for the three years ending December 31, by theStraight line method, The units of activity method, and the double declining balance method.Finally determine the total amount of depreciation expense for the three ears by each method.3. Pedroni Enterprises issues a $260,000, 45 day 5 % note to Zorzi Industries for merchandiseinventorya.Journalize Pedroni Enterprises entries to record:1. The issuance of the note2. The payment of the note at maturityb. Journalize Zorzi Industries entries to record:The receipt of the note2. Receipt of the payment of the note at maturity1.4. On July 31,2019 the balances of the accounts appearing in the ledger of Pedroni Interiorscompany a furniture wholesales, are as follows.Accumulated Depreciation - BuildingAdministrative ExpensesBuildingCashCost of Merchandise SoldInterest ExpenseMerchandise InventoryNotes Payable$365,000440,000810,00078,000775,0006,000115,000Ray Zorzi – CapitalRay Zorzi - DrawingSalesSales tax PayableSelling ExpenseStore SuppliesStore Supplies Expense$530.00015,0001,437,0004,500160,00016,00021,500100,000Instructions: Prepare the July 31, 2019 closing entries for Pedroni Interiors Company

Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

1. On July 31, 2019 the balances of the accounts appearing in the ledger of Pedroni Interiors company a furniture wholesales, are as follows. Accumulated Depreciation - Building $365,000 Ray Zorzi - Capital Administrative Expenses Building Cash Cost of Merchandise Sold nterest Expense Merchandise Inventory Notes Payable $530,000 15,000 1,437,000 4,500 160,000 16,000 Store Supplies Expense Ray Zorzi - Drawing Sales 440,000 810,000 78,000 775,000 6,000 115,000 Sales tax Payable Selling Expense Store Supplies 21,500 100,000 nstructions: Prepare the July 31, 2019 closing entries for Pedroni Interiors Company

1. On July 31, 2019 the balances of the accounts appearing in the ledger of Pedroni Interiors company a furniture wholesales, are as follows. Accumulated Depreciation - Building $365,000 Ray Zorzi - Capital Administrative Expenses Building Cash Cost of Merchandise Sold nterest Expense Merchandise Inventory Notes Payable $530,000 15,000 1,437,000 4,500 160,000 16,000 Store Supplies Expense Ray Zorzi - Drawing Sales 440,000 810,000 78,000 775,000 6,000 115,000 Sales tax Payable Selling Expense Store Supplies 21,500 100,000 nstructions: Prepare the July 31, 2019 closing entries for Pedroni Interiors Company

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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