Can somone help me with cost of good chart, rent expenses chart wages expense and interest expenses. (CopyPasteBIUE . AE == EE E Merge & Center0 00 Conditional Format asFormatting Table-$ - %Format Painter.00.0ClipboardFontAlignmentNumberStylesK33fe4.Dr.Big BankCr.Dr.Big BankCr.Dr.StockCr.Beg. Balance35,000Beg. Balance65,000Beg. Balance75,000rent expense4,000sales62,000Ending BalanceEnding Balanceinventory17,000Ending Balance76,000RetainedNote PayableDr.Little BankCr.Dr.EarningsCr.CashBeg. Balance60,000Beg. BalanceDr.Little BankCr.Beg. Balance20,000Ending BalanceCurrent Balanceemploye payment10,000sales4,000SalesRevenueCr.Interest PayableBig Bank23,000Dr.wages expenseEnding Balance27,000Dr.Cr.Beg. BalanceBeg. Balancecash62.00060088,000interest payableEnding BalanceAccountscash acc recievabeDr.ReceivableCr.cash110,000Ending Balance260,000Beg. BalanceInterest PayableCr.sales8,800sales8৪.000[Dr.Little BankCost of GoodsBeg. Balanceinterest payableDr.SoldCr.Ending Balance158,000450Beg. BalanceEnding BalanceDr.InventoryCr.Beg. Balancecost of goods soldcost of goods soldcost of goods sold85,00016,000Ending Balance22,000Rent28,000Dr.ExpenseCradditional invetory17,000Beg. Balance0.Ending Balance36,000Ending BalanceDr.CrEquipment60,000Beg. BalanceWagesExpenseDr.Cr.Ending BalanceBeg. BalanceGeneral LedgerTrial Bal and Income StatRE Calc and Balance SheetGeneral Journal February's transactions and adjusting entry information are shown below. For each item makethe required entry in the General Journal.(See the General Ledger tab in the file Chapter 04 b - Problem 4-1 Forms for the accounts in OPJ'saccounting system.)Feb 01Take $4,000 cash out of Big Bank to pay for February's warehouse rent.Sale of inventory to a customer – selling price $62,000 – cost of inventory sold$16,000 – customer paid cash which was deposited in Big Bank.Feb 04Feb 07Take $10,000 cash out of Little Bank to pay employees for wages they have earned.Feb 15Sale of inventory to a customer – selling price $88,000 – cost of inventory sold$22,000 – customer will pay in the future.-Feb 18Sale of inventory to a customer – selling price $110,000 – cost of inventory sold$28,000 – customer pays $40,000 cash which is deposited in Little Bank – customerwill pay for the remaining amount of the sale in 30 days.Feb 22Purchase additional inventory – pay $17,000 cash out of Big Bank for the inventory.Feb 27Take $23,000 cash out of Little Bank to pay employees for wages they have earned.Adjust the Interest Payable-Big Bank account to record the $600 of interest owed toBig Bank for February – interest will be paid in June.Feb 28Adjust the Interest Payable-Little Bank account to record the $450 of interest owedto Little Bank for February - interest will be paid in March.Feb 28Requirement 2Post the entries from the General Journal to the General Ledger accounts.(Problem 4-1 continues on the next page)

Ledger accounts are used to classify the journal entry transactions into accounts like expense…

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Can somone help me with cost of good chart, rent expenses chart wages expense and interest expenses.

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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