a. Prepare journal Entries, as needed, for each of the following fiscal 2010 transactions. All figures are in thousands of dollars.

J/E #8. Rocky Mountain Chocolate Factory received $125,000 in cash from new franchisees. The company must provide services to the franchisees over the next five years. As such, the fees are considered Deferred income.

b. Post the journal entries for the transactions to the spreadsheet.

2/28/09 Actual Beginning F/S Balances J/E JIE JIE J/E J/E J/E JE JE JE JE JIE Unadjusted Trial Balance Financial Statement Item #1 #2 #3 #4 #5 #6 #9 #10 #11 1,253,947 4,229,733 ash and cash e 1,253,947 4,229,733 receivable s receivable.current 4,064,611 369,197 224,378 5,253,598 124.452 1046,944 183,135 91,057 1,074.643 23,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,751,017 Inventories 4,064,611 369,197 224,378 5,253,598 124,452 ncome taxes Pr and E receivable less current portion et 1,046,94 83,135 91,057 1,074,643 423,789 531,941 598,986 142,000 827,700 179,696 7,311,280 5,71,017 Intangible assets.net counts payable salaries and wages accrued e ble d Income Taxes stock Additional paid-in c Sales Franchise and 1 Cost of sales fees ranchuse costs Sales&mark Generaland administrative eciation and aamortization Interest income Income Tax