ACCOUNT NAME Cash Accounts Receivable Allowance for Doubtful Accounts Receivable from Highest Bidder Inventories Store Supplies Office Supplies Store Furniture and Fixtures Accumulated Depreciation - Store Furniture and Fixtures Office Equipment Accumulated Depreciation - Office Equipment Accounts Payable Salaries Payable Unearned Sales Cash Dividends Payable-Preference Cash Dividends Payable - Ordinary 12% Preference Share Capital Subscribed Share Capital-Preference Subscriptions Receivable-Preference Ordinary Share Capital Subscribed Share Capital - Ordinary Subscriptions Receivable-Ordinary Share Premium - Preference Share Premium-Ordinary Share Premium - Treasury Shares Accumulated Profits-Free Accumulated Profits-Appropriated for Treasury Shares Treasury Shares-Ordinary Sales Purchases Store Salaries Expense Store Supplies Expense Depreciation Expense-Store Furniture and Fixtures Miscellaneous Distribution Costs Office Salaries Expense Utilities Expense Rent Expense Office Supplies Expense Depreciation Expense-Office Equipment Doubtful Accounts Expense Miscellaneous Administrative Expenses Income Summary Totals TRIAL BALANCE DR 1,164,000 480,000 280.000 36,000 42,000 550,000 450,000 60.000 200.000 336,000 3,110,000 560.000 22,000 660.000 540,000 360.000 38.000 P CR 582,000 128,000 240,000 120,000 1,200,000 400,000 100,000 120,000 5,998.000 8.888.000 · 8,888.000 P ADJUSTMENTS DR 318,000 32,000 40,000 30,000 24,000 68,000 29,400 45,000 38,400 20,000 664,800 P CR 38,400 20,000 24,000 29,400 88,000 45,000 30,000 40.000 48,000 18.000 252,000 32.000 ADJUSTED TRIAL BALANCE DR 1,482,000 480,000 260,000 12,000 12,600 550,000 450.000 60,000 152.000 84.000 3,110,000 590.000 24,000 88,000 22,000 660,000 540.000 360,000 29.400 45,000 38,400 38,000 20,000 CR P 38,400 88,000 45.000 582,000 30,000 96,000 240.000 120.000 1,240,000 360,000 100,000 120,000 18,000 6,030,000 STATEMENT OF PROFIT & LOSS DR CR 6,030,000 465.200 6,030,000 STATEMENT OF FINANCIAL POSITION DR CR 1,482,000 480,000 260.000 12,000 12,600 550,000 450,000 60.000 152.000 84,000 P 38,400 88,000 45.000 582,000 30,000 96.000 240,000 120,000 1,240,000 360,000 3,110,000 590,000 24,000 88.000 22.000 660,000 540,000 360.000 29,400 45.000 38,400 38.000 20.000 664,800 9,107,400 P 9,107,400 5,564.800P 6,030,000 3,542.600 3,077.400 100,000 120.000 18.000 465.200 P 6,030,000 P 3,542.600 P 3,542.600

Record the appropriation of $77000 of retained earnings on December 31, 2022, by Jack Inc. to establish an appropriation for bond retirement.  Record the entry to establish appropriation.

Microsoft Corporation's disclosure notes for the year ending June 30, 2020, included the following regarding its $0.00000625 par common stock: Employee Stock Purchase Plan-We have an ESPP for all eligible employees. Shares of our common stock may be purchased by employees at three-month intervals at 90% of the fair market value on the last trading day of each three-month period. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period. Employees purchased the following shares during the periods presented: (Shares in millions) Year Ended June 30, Shares purchased Average price per share 2020 2019 9 11 13 $142.22 $104.85 $76.40 2018 As of June 30, 2020, 96 million shares of our common stock were reserved for future issuance through the ESPP. Required: Prepare the journal entry that summarizes Microsoft's employee share purchases for the year ending June 30, 2020. Note: If no entry is required for a transaction/event, select "No…

The Daily Corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements. Agree or Disagree with the above statement?