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Item Amount Accounts Payable 6700 Accounts Receivable 57000 Cash 67250 Common Stock 9000 Dividends 6500 Interest Expense 7500 Prepaid Expenses Rent Expense 18000 Retained Earnings 17000 salaries Expense 95000 Salaries Payable 4100 Sales Revenue 214250 uneamed Revenue 1000 Prepare an income statement (3 Points) statement of retained earnings (2 Points) and balance sheet (5 Points) for the year ended Docomber 31. Partial points are available 1400 The following transactions occurred during the first year of operations for Cougar Corp. for each transaction prepare the year end adjusting journal entry. Note: these ARE adjusting entries. a. Cougar Corp, purchased 54200 in supplies during the year. A count at the end of the year showed that 5750 of the supplies are still on hand b. Cougar Corp. needs to record depreciation for its vehicles. The depreciation amount $6.550. c. Cougar Corp. owes it employees 57.240 for work performed this year. Cougar Corp, plans to pay the 57.240 in the first week of the next year d.Cougar Corp. collected cash of $12.000 from a customer earlier in the year and recorded toroperly 39.000 of the work was performed borear-end and no revenue entries have been recorded yet for this work, e Cougar Corp pad 58.000 on trovember for os of rent since November.no entries have been made

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