1. Prepare General Journal

2. Prepare Unadjusted Income Statement

3. Prepare Unadjusted Balance Sheet

4. Calculate Inventory Turnover Ratio/Days to sell in 2014. Assume that inventory was $500 on January 1, 2014

College Coasters is a San Antonio-based merchandiser specializing in logo-adorned drink coasters. The company reported the following balances in its unadjusted trial balance at December 1 Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Rent Expense $ 10,005 2,000 500 600 810 110 1,500 300 6,500 3,030 15,985 8,900 1,100 2,000 110 Salaries and Wages Expense Depreciation Expense nco me Tax Expense Office Expenses 1,400