Question

Below is a snapshot of Conca Cola's balance sheet as of December 1, 2020: ASSETS Current Assets Cash and cash equivalents Supplies Total Cash, Cash Equivalents and Short-Term Investments Marketable securities Trade accounts receivable, less allowances of SS24 and S501, respectively Inventories Prepaid Insurance Total Current Assets Equity method investments Other investments Other assets Deferred income tax assets Property, plant and equipment -- net Trademarks with indefinite lives Bottlers' franchise rights with indefinite lives Goodwill Other intangible assets Total Assets LIABILITIES AND EQUITY Current Liabilities Accounts payable and accrued expenses Bank Loan Current maturities of long-term debt Unearned Revenue Total Current Liabilities Long-term debe Other liabilities Deferred income tax liabilities The Coca-Cola Company Sharcowners' Equity Common stock, 50.25 par value; authorized -- 11,200 shares, issued - 7,040 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost - 2,760 and 2,772 shares, respectively Screenshot Equity Attributable to Shareowners of The Coca-Cola Company 6,480 5 1,467 7,947 3,228 3,971 3.379 1,886 20,411 19,025 854 6,075 2,412 10,838 9,266 109 16,764 627 86,381 $ 11,312 S 10,994 4,253 26,973 27,516 8,510 2,284 1,760 17,154 65,855 (13,544) (52,244) 18,981 Equity attributable to noncontrolling interests Total Equity Total Liabilities and Equity 2,117 21,098 86_381 $

Answer 1

Journal Entry
No:	Particulars	LF	Debit $	Credit   $
a	Wages                                              Dr		9,000.00
	To Wages Payable A/c			9,000.00
	( Being Wages of workers Due)
	Profit and Loss A/c                       Dr		9,000.00
	To Wages			9,000.00
	(Being Wages Transferred to Profit and Loss a/C)
b	Depreciation - Equipment A/c    Dr		36,000.00
	To Equipment A/c			36,000.00
	(Being Depreciation for Equipment Charged)
	Profit and Loss A/c                       Dr		36,000.00
	To Depreciation - Equipment A/c			36,000.00
	(Being Depreciation transferred to Profit and loss A/c)
c	No Need Entry
d	Insurance Entry already charges no need additional entry
e	Intrest on Bank Loan A/c              Dr		769.58
	To Interest on Bank loan Payable A/c			769.58
	(Being Interest on Bank Loan Due)
	Profit and Loss A/c                       Dr		769.58
	To Intrest on bank Loan A/c			769.58
	(Being Bank Loan interest transferred to Profit and Loss A/c)
f	Unearned Revenue A/c             Dr		207.00
	To Profit and Loss A/c			207.00
	( Being Half of the work related to Unearned Revenueis performed this period)