Option #1: preparing adjusting entries in a worksheetfollowing is the unadjusted trial balance of skylar gaming, inc. at the end of its first year of operations, december 31, 20x7: account namedr. cr. cash$71,550accounts receivable$25,200supplies$550prepai d insurance$12,000equipment$31,750acc umulated depreciation-equipment$4,050account s payable$6,700salaries payable$0unearned revenue$2,200common stock$45,700retained earnings$23,850dividends$3,500reven ue$80,750depreciation expense-equipment$2,000salaries expense$4,750insurance expense$3,100rent expense$4,200supplies expense$2,500utilities expense$2,150$163,250$163,250the following additional information is available: skylar gaming, inc. needs to accrue $2,000 in salaries that will not be paid until next month. skylar gaming, inc. has earned $2,000 of the services that were paid for in advance as included in the unearned revenue account. at the end of the period, skylar gaming, inc. has provided services in the amount of $500 to another customer (john gartner). however, skylar has not billed them yet since they only issue bills at the beginning of each month. skylar gaming, inc. needs to record the annual $1,025 of depreciation on the equipment. one month of the 12-month insurance policy in prepaid insurance has been used up, and a journal entry is needed to reflect this. at the end of the period, $125 in supplies are remaining. required: prepare all necessary adjusting entries at december 31, 20x7 descriptions are not needed. using the below linked template prepare an adjusted trial balance at december 31, 20x7.using a worksheet template, prepare an income statement, statement of retained earnings, and a balance sheet. prepare closing entries including descriptions.

The county collector of suncoast county is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. to reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school district, and the other towns. the total amount deducted is added to the collections for the county and remitted to the suncoast county general fund.the following events occurred in 2017: 1. current-year tax levies to be collected by the agency were: county general fund $ 10,333,000 town of bayshore general fund 4,840,000 suncoast county consolidated school district 6,550,000 other towns 3,120,000 total $ 24,843,000 2. $13,700,000 of current taxes was collected during the first half of 2017.3. liabilities to all funds and governments as a result of the first half-year collections were recorded. (a schedule of amounts collected for each participant, showing the amount withheld for the county general fund and net amounts due the participants, is recommended for determining amounts to be recorded for this transaction.)4. all cash in the tax agency fund was distributed.requireda. prepare journal entries for each of the foregoing transactions that affected the tax agency fund. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)1. record the current-year tax levies to be collected by the agency.2.record the current taxes collected during the first half of 2017.3.record the liabilities due to all funds and governments at the end of first half-year.4. record the distribution of all cash in the tax agency fundb. prepare journal entries for each of the foregoing entries that affected the town of bayshore general fund. begin with the tax levy entry, assuming 2 percent of the gross levy will be uncollectible. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)1.record the revenues receivable and uncollectible.2. record the taxes collected

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

Win goods inc. is a large multinational conglomerate. as a single business unit, the company's stock price is estimated to be $200. however, by adding the actual market stock prices of each of its individual business units, the stock price of the company as one unit would be $300. what is win goods experiencing in this scenario? a. diversification discount b. learning-curveeffects c. experience-curveeffects d. economies of scale