The work sheet for Babson's Seafood, a business owned by B. B. Babson, is provided. Year-end adjustments have been made and all required entries journalized and posted to the ledger accounts. Babson's Seafood Work Sheet (partial) For the year ended December 31, 20- TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash 60,000 60,000 60.000 Accounts Receivable 36,000 36,000 36.000 Merchandise Inventory 50,000 60,000 50,000 60,000 60,000 Supplies 23,200 16.000 7.200 7.200 Prepaid Insurance 9.000 4,000 5.000 5.000 Building 107.000 107.000 107,000 Accumulated Depreciation-Building 30.000 7.000 7,000ב 37.000 Equipment 70.000 70.000 70.000 Accumulated Depreciation-Equipment 28.000 6.000 34,000 34,000 Accounts Payable 32.200 32.200 32,200 Wages Payable 1.100 1.100 1.100 Unearned Revenue 16.000 11.000 5,000 5,000 Mortgage Payable 107.000 107,000 107,000 B. B. Babson, Capital 110,500 110,500 110,500 B. B. Babson, Drawing 40,000 40,000 40,000 Income Summary 50,000 60,000 50.000 60,000 50,000 60.000 Sales 228.000 228.000 228.000 Sales Returns and Allowances 3.500 3.500 3.500 Earned Revenue 11.000 11.000 11.000 Purchases 54,000 54,000 54,000 Purchases Returns and Allowances 6,400 6,400 6,400 Wages Expense 78.000 1,100 79.100 79.100 Supplies Expense 16,000 16.000 16,000 Depreciation Expense-Building 7,000 7,000 7,000 Depreciation Expense-Equipment 6,000 6,000 6,000 Insurance Expense 4,000 4,000 4,000 Utilities Expense 20.000 20.000 20.000 Miscellaneous Expense 7,400 7,400 7,400 558,100 558,100 155,100 155,100 632.200 632.200 247,000 305,400 385.200 326.800 Net Income 58,400 58,400 305,400 305,400 385,200 385,200 Required:

Entries for notes receivable, including year-end entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 December 7. Received from Unitarian Clothing and Bags Co., on account, a $48,000, 60-day, 7% note dated December 7. December 31. Recorded an adjusting entry for accrued interest on the note of December 7. December 31. Recorded the closing entry for interest revenue. 20Y8 February 5. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume 360 days in a year. If required, round the interest to the nearest cent. 20Y7, Dec. 7 Dec. 31 Dec. 31 20Y8, Feb. 5

prepare these entries for Sarah's plant services. prepare general journal entries for the needed balance dy adjustments for the year ending 30/6/21: A stocktake of the inventory on hand was completed on 30/6/21. The value of the stocktake was $17,000. The inventory asset account as at 30/6/21 before adjustments was $18,000 The allowance for Doubtful debts should be 5% of the balance of Accounts Receivable. The accounts receivable balance at 30/6/21 is $76,120 and the balance of the Allowance for Doubtful Debts was $3,450

The ledger of Larkspur Company at the end of the current year shows Accounts Receivable $92,000, Credit Sales $850,000, and Sales Returns and Allowances $37,000. (a) (b) (c) If Larkspur uses the direct write-off method to account for uncollectible accounts, journalize the entry if on July 7 Larkspur determines that Matisse company's $900 balance is uncollectible. Assume Larkspur uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful Accounts has a credit balance of $1,500 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (b) Assume Larkspur uses the allowance method to account for uncollectible accounts. If Allowance for Doubtful…