8. (4 points) Journalize following evaents/transactions that lobnitz entered into during the month a) Paid beginning of the month accrueed wages payable balance of $33 A Cash $30 L Wages Playable $30 b) Performed $600,000 of services for

8. (4 points) Journalize following evaents/transactions that lobnitz entered into during the month

a) Paid beginning of the month accrueed wages payable balance of $33

A     Cash      $30 L    Wages Playable      $30

b) Performed $600,000 of services for customers on a cash basis.

c) Purchased $100,000 of office furniture (property, plant, and equipment)on a credit basis.

d)         incured but did not yet pay, $35,000 of wages expense for the month.

e) Collected $50,000 of accounts receivable

f)         collected $15000 from  customers for work to performed during following  month.

g)         Recorded $30000 of depreciation expense.

h)         Received $50000 from issuing 5,000 shares opf $1 par value lobnitz common stock. (Whey recording this entry credit two distinct owners' equity accounts.)

9. (05 point each) Prepare the Adjusting journal  Entries (AJEs) that should be made on December 31, 2015, the end of the accounting yearfor each of the following independent situations. If no AJE Is required, indicate none  assume the firm only makes AJEs at the end of the accounting year.

a) on june 30, 2015, the firm collected $18,000 of rent for 9 months in advance. The journal entry to record the receipt included a credit to a temporary account

b) on October I, 2015, the firm collected $12,000 of rent for 12 months in advance. the journal entry to record the  receipt included a credit to a balance sheet account.

c) on April 1, 2015,the firm  collected $6,000 of ret  for 6 month. In advance the  journal entry to record the receipt included a credit to         s income statement account.

d) 0n August 1, 2015, the firm collected $8,000 of rent  for4 months advance. The journalentry, to record the receipt included a credit to a permanent account

2rarch„..;1, 20151the finlpaid 56,000 for a 12-mo...ance policy. The jounal entry to record the payment irnded 1,2015, J3e finn paid 54,000 for a 4-mo. rewal of a machine. The jounnal entry. record the payment ialetuded a debit to a temporary amour,

P          On October I, 2015, the firm  86,000 for a Month revtal or a machine. The journal entry to reco. the paymett ilIcluded a debit to an income statement wow,

•On November I, MI5, de firm paid S12,000 for a 6-mo. rewal of a machine. The jowly) entry. record the payment .cluded a debit to tame skel account

On August 31, 2015, the ft:a.m....82,500,000            The firm          repy the inteast and pritcipal on March I, 2016.

j. On March 1, 2015, the fir-m..1.1in 5600,000 of 5-year, 296 municipal bands. The company .1 receive interest on the bonds ssm-annually       the .1 ...est receipt cectm.g al September 1,2015.