Công ty Allendorf Ltd.: Trong tháng 04/2021 dã có các nghi?p v? kinh t? du?i dây phát sinh:1. Allendorf Company borrowed $85,000 in cash from Eastern Bank.2. Allendorf Company used $45,000 in cash to...

Công ty Allendorf Ltd.: Trong tháng 04/2021 dã có các nghi?p v? kinh t? du?i dây phát sinh:1. Allendorf Company borrowed $85,000 in cash from Eastern Bank.2. Allendorf Company used $45,000 in cash to purchase land on the west side of HatuLake.3. Allendorf Company used $30,000 in cash to repay a portion of its bank loan. Forsimplicity, assume that there is no interest on the loan.4. Allendorf Company received $120,000 in cash as an additional investment by thestockholders (owners) of the company.5. Allendorf Company purchased a building for $210,000. The company paid $80,000 ofthe purchase price in cash and signed a mortgage contract obligating it to pay theremaining $130,000 over the next 10 years.6. Purchased inventory on account for $130,000.7. Sold goods for $100,000 cash. The goods originally cost $65,000.8. Paid $27,000 cash for employee wages.9. Paid $12,500 cash for advertising.10. Sold goods for $25,000 cash and $60,000 on account (a total of $85,000). The goodsoriginally cost $57,000.11. Collected cash of $47,000 from the $60,000 receivable on account; the remaining$13,000 is expected to be collected later.12. Paid cash of $55,000 on the $130,000 payable on account; the remaining $75,000 isexpected to be paid later.13. Paid cash dividends of $8,500.a. Make the journal entries necessary to record the above transactions and record to T-account (general ledger). (P1)b. Prepare Trial Balance by end of April (beginning trial balance provided). (P2)

May 25, 2022
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