Unadjusted Trial Balance of Morgan Manufacturing Corp. Assignment

B mat Painter Merge & Center Font rdi Alignment Number BG Before you begin, print out all the pages in this workbook. The unadjusted trial balance of Morgan Manufacturing Corp. on December 31, 2019, is shown on the “Trial Bal” page (see tab below). Refer also to the additional year-end information for the company shown on the “Adjusting Entries” page (see tab below). Required: 1 Prepare year-end adjusting entries. General ledger account numbers are not necessary. Show your calculations below each adjusting entry. 2 Post the adjusting entries to the trial balance and prepare an adjusted trial balance. 3 Using the amounts from the adjusted trial balance, complete the financial statements for the year ended December 31, 2019. Fdl. Stats. Adjusting Entries Gen. Jnl. Tral Bal, Required Copyright croll Locke A E BIU EMerge & Center inter S Co For Font Alignment Number C E G Morgan Manufacturing Corp. Adjusting Entries For the Year Ended December 31, 2019, The following additional information is available at the corporation's year-end. GST of 5% only applies when indicated. a. A sale on the account has not been recorded in the amount of $5,000 Applicable sales tax is 8% b. Warranty expense for the year as a percentage of sales should be: 2% C. Unpaid gross salaries at the year-end amount to $10,000 Deductions from unpaid salaries are as follows:

Employee Company Portion Portion Employee income taxes 12% 0% FICA Social Security taxes* 4% 4% FICA Medicare taxes 2% 2% 4% Company health insurance these are not the actual required percentages 4% $90,000 d. The estimated year-end audit fees are e. Rent revenue consists of 13 equal monthly payments, including AnA nnid in adnnco for lanuaoL 2020 Copyright Fcl. Stats. Tral Bal. Adjusting Entries Gen. Jnl. d e Page Insert me Calibri 112 FWrao Text General E Merge & Center BIU at Painter Font Alignment Number C F G H d. The estimated year-end audit fees are $90,000 e. Rent revenue consists of 13 equal monthly payments, including one paid in advance for January 2020. f. A trade account payable was converted to a note payable during the year. No entry has been made to record this. The note payable is due at the end of 2020. $40,000 The amount of the note payable is: 3% The annual interest rate on the note payable is: The note payable was created at the end of this month: (January 1; December 12) 9 g A lawsuit was commenced against the company in 2019. Damages $30,000 claimed are: Possible Lawyers for the company consider the likelihood of success to be: 8% h. The interest rate on the mortgage is: Annual payments (blended principal and interest) are made on Dec. $163,200 31 and total: The 2019 payment has been recorded as Interest on Long-term Debt expense. Tha cnrnArstn income tov.cntaneanorcontaao ofincomahoforo Adjusting Entries Copyright Fdl. Stmts. Trial Bal Gen. Jnl. quired ock e Pagi me 12 Wrap Test Calibri General B IU S % Merge & Center at Painter Alignment Font Number G D E 31 and total: $163,200 The 2019 payment has been recorded as Interest on Long-term Debt expense. The corporate income tax rate as a percentage of income before income taxes is: 10% Corporate income tax installments during the year have been recorded as Income Tax expense in the records. Assume any 2019 loss before income taxes will result in the refund of income taxes at the current year's income tax rate. Ecl. Stmts Copyright Tral Bal Gen. Inl red Adjusting Entries. .

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Excellent work.
Customer 462359, March 30th, 2022
English 101
Great work.
Customer 456823, May 15th, 2022
Business and administrative studies
The paper met the expectation. Thanks!
Customer 463143, September 7th, 2022
Business and administrative studies
Good work.
Customer 463053, June 20th, 2022
Customer 456821, June 26th, 2022
I received my paper early and it is very well written. Thank you!!
Customer 462821, April 6th, 2022
Finance/Acc Related
Good concept breakdown.
Customer 460073, July 9th, 2022
Business and administrative studies
Always format your paper as instructed.
Customer 458115, April 7th, 2022
paper was not completed by due date
Customer 454371, May 25th, 2020
Computer science
Customer 462387, April 4th, 2022
good work
Customer 456821, March 18th, 2022
Good job
Customer 463245, February 6th, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat