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Current Ametin Pro Martires Com'suas trware December 1.2022. is presented below Debit Credit Cash 529720 SO Accounts Receive Notes Rechable Interest Receive 11:40 0 49230 Land 27,200 204.000 dig Equip 1600 1200 Pent Allowano Deuth A Accumulated Decation 5680 500G 32.640 Accumulated berec Accounts Payable Salaried We Payable 37.128 0 Notes Payable A30 14.90 0 Income Payable interest Payable 0 47.000 Noors Payabled in 2028) Comen Mack 3.000 ined Caring 66496 Dividend 16320 1224000 0 Interest Revue Gainonta Ae 0 56.100 0 Debt Espen Cost of Good Deonton Expre Incepe Inwant Interest Other Operating Aorten Star Wars per 54048 D 149.00 Total 5157304 51574904 The following tatloncedinem The following transactions occurred during December Dec 2 Purchased equipment for $21,760, plus sales taxes of $1,088 (paid in cash) 2 15 Martinez sold for $4,760 equipment which originally cost $6,800. Accumulated depreciation on this equipment at January 1,2022, was 52,448; 2022 depreciation prior to the sale of equipment was $1.122 Martinez sold for $6,800 on account inventory that cost $4760. Salaries and wages of $8,976 were paid 23 Adjustment data: 1 2 3. 4. 5 6 Martinez estimates that uncollectible accounts receivable at year-end are $5.440, The note receivable is a one-year, 8% note dated April 1, 2022. No interest has been recorded The balance in prepaid insurance represents payment of a 54,896, 6-month premium on September 1, 2022 The building is being depreciated using the straight-line method over 30 years. The salvage value is $40,800 The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value Is 10% of cost The equipment purchased on December 2,2022, is being depreciated using the straight line method over 5 years with a salvage value of $2,418 The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date Unpaid salaries at December 31, 2022 total $2,992 Both the short-term and long term notes payable are dated January 1, 2022, and carry a 10% interest rate All interestis payable in the next 12 months Income tax expense was $20,400. It was unpaid at December 31 7 8 9 10 1 7 TRICO w Current Ametin Pro Martires Com'suas trware December 1.2022. is presented below Debit Credit Cash 529720 SO Accounts Receive Notes Rechable Interest Receive 11:40 0 49230 Land 27,200 204.000 dig Equip 1600 1200 Pent Allowano Deuth A Accumulated Decation 5680 500G 32.640 Accumulated berec Accounts Payable Salaried We Payable 37.128 0 Notes Payable A30 14.90 0 Income Payable interest Payable 0 47.000 Noors Payabled in 2028) Comen Mack 3.000 ined Caring 66496 Dividend 16320 1224000 0 Interest Revue Gainonta Ae 0 56.100 0 Debt Espen Cost of Good Deonton Expre Incepe Inwant Interest Other Operating Aorten Star Wars per 54048 D 149.00 Total 5157304 51574904 The following tatloncedinem The following transactions occurred during December Dec 2 Purchased equipment for $21,760, plus sales taxes of $1,088 (paid in cash) 2 15 Martinez sold for $4,760 equipment which originally cost $6,800. Accumulated depreciation on this equipment at January 1,2022, was 52,448; 2022 depreciation prior to the sale of equipment was $1.122 Martinez sold for $6,800 on account inventory that cost $4760. Salaries and wages of $8,976 were paid 23 Adjustment data: 1 2 3. 4. 5 6 Martinez estimates that uncollectible accounts receivable at year-end are $5.440, The note receivable is a one-year, 8% note dated April 1, 2022. No interest has been recorded The balance in prepaid insurance represents payment of a 54,896, 6-month premium on September 1, 2022 The building is being depreciated using the straight-line method over 30 years. The salvage value is $40,800 The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value Is 10% of cost The equipment purchased on December 2,2022, is being depreciated using the straight line method over 5 years with a salvage value of $2,418 The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date Unpaid salaries at December 31, 2022 total $2,992 Both the short-term and long term notes payable are dated January 1, 2022, and carry a 10% interest rate All interestis payable in the next 12 months Income tax expense was $20,400. It was unpaid at December 31 7 8 9 10 1 7 TRICO w

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