15 journal entrys,income statement , balance sheet too! pls thanks u

360 College Coasters is a San Diego-based merchandiser specializing in logo adorned drink coasters. The company reported following balances in its unadjusted trial balance at December 1. Cash $ 9,480 Accounts receivable 1,820 Inventory Prepaid Rent 540 Equipment 820 Accumulated Depreciation 100 Accounts Payable 1,340 Salaries and Wages Payable 300 Income Taxes Payable Common Stock 6.300 retained Earnings 2.700 Sales Revenue 14,430 Cost of Goods Sold 7.740 Rent Expense Salaries and Wages Expense 2.000 Depreciation Expense Income Tax Expense Office Expense 1,400 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier. The Inventory on December 1 consisted of 900 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.40. College Coasters records its inventory using perpetual inventory accounts and the FIFO cost flow method. During December, the company entered into the following transactions. Some of these transactions are explained in greater detail below. 100 a. Purchased 500 coasters on account from the regular supplier on 12M at a unit cost of $0.42. with terms of n/60. b. Purchased 800 coasters on account from the regular supplier on 122 at a unit cost of $0.45, with terms of n/60. c Sold 1600 coasters on account on 12/3 at a unit price of $1.00 d. Collected $910 from customers on account on 12/4 Other relevant information includes the following at 12/31 h. College Coasters has not yet recorded $170 of office expenses incurred in December on account 1. The company estimates that the equipment depreciates at a rate of $10 per month. One month of depreciation needs to be recorded Wages for the period from December 23-31 are $100 and will be paid on January 15. k. The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year. 1. The company incurred $800 of income tax but has made no tax payments this year. m. No shrinkage or damage was discovered when the inventory was counted on December 31, in. The company did not declare dividends and there were no transactions involving common stock. General General Income Requirement Journal Balance Sheet Ledger Trial Balance Analysis Statement Prepare the journal entries to record the transactions (a) through (n). Review the accounts as shown in the General Ledger and Trial Balance tabs. (Il no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction list Journal entry worksheet Purchased Soo coasters on account from the regular supplier on 12/1 at a unit cost of $0.42, with terms of n/60. Record the transaction Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to be reported on the income statement. Select the 'adjusted' from then populate the balances in those accounts from the trial balance. However, you will need to calc of the net income or loss for the year ended December 31. Unadjusted COLLEGE COASTERS Income Statement For the Year Ended December 31 Purchased Soo coasters on account from the regular supplier on 12/1 at a unit cost of $0.42, with terms of n/60. Record the transaction Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to be reported on the income statement. Select the 'adjusted' from then populate the balances in those accounts from the trial balance. However, you will need to calc of the net income or loss for the year ended December 31. Unadjusted COLLEGE COASTERS Income Statement For the Year Ended December 31