Account Name Debit Credit Cash $35,000 Accounts Receivable 5,600 Food Inventory 21,000 Merchandise Inventory 62,500 Prepaids 3,400 Computers 30,000 Accumulated Amortization - Computers 12.000 190.000 Bakery Equipment Accumulated Amortization - Bakery Equipment 18,000 Furniture and Fixtures 150,000 Accumulated Amortization - Furniture and Fixtures 15,000 Accounts Payable 8.000 Accrued Liabilities Interest Payable Dividend Payable Long-term Loan 220,000 Common Shares 50,000 Retained Earnings 22,000 Food Revenue 468,500 Internet Revenue 127,000 Merchandise Revenue 103,000 Food Expense 240,000 Internet Expense 54,000 Electricity Expense 65,000 Telephone Expense 20,000 Interest Expense 0 Salary Expense 200,000 Insurance Expense 9,000 Supplies Expense 8,000 Depreciation Expense Ront Finance 1600 Band 9 forf puppies expense 1,000 Depreciation Expense Rent Expense 150,000 1,053,500 1,053,500 Based on the information you have prepare the adjusting joumal entries, an agusting to balance the statement of eamings (income statement statement of financial position (balance sheet, and statement of retained earnings After you have completed the statements, prepare the closing journal entries and the posting closing trial balance Ensure you show all of your work and prepare proper journal entries and properly formatted financial statements Note to students: Issues are hidden within the case it is your responsibility to read the case facts and identity the chical issues required for discussion and analysis Evaluation Case Analysis 2 will be marked in its entirety out of the following tubic indicates the criteria students are to adhere to and their relative weights to the assignment overall the instructor may also rederate a class casession upon which a grade scaling might be deemed appropriate Activity competencies Demonstrated of Sinal Gate dentification and Analysis of issues(100% a. Adjusting Entries 17 Chapter and for.pdf Activity/Competencies Demonstrated 96 of Final Grade 1. Identification and Analysis of Issues (100%) a. Adjusting Entries b. Adjusting Trial Balance 117 110 C. Balance Sheet 28 d. Statement of Operations 113 V6 e. Statement of Retained Earings Closing Entries g. Post Closing Trial Balance 116 110 Total 100 Based on the information you have prepare the adjusting journal entries an adjusting the balance, the mentor statement of financial position (balance sheets and statement of retained earnister you have completed the statements, the journal entries and the posting closing trial balance. Ensure you show of your work and prepare proper punoletnies and properly formed financial statements Note to students: Issues are hidden within the case. It is your responsibility to read the care facts and identity the required discussion and analysis Evaluation Case Analysis 2 will be marked in its entirety out of 100. The following rubric indicates the students are to adhere to, and merr wechs to the assignment overall. The instructor may also generate a class case discussion upon which a grade saling might be deemed to Account Name Debit Credit Cash $35,000 Accounts Receivable 5,600 Food Inventory 21,000 Merchandise Inventory 62,500 Prepaids 3,400 Computers 30,000 Accumulated Amortization - Computers 12.000 190.000 Bakery Equipment Accumulated Amortization - Bakery Equipment 18,000 Furniture and Fixtures 150,000 Accumulated Amortization - Furniture and Fixtures 15,000 Accounts Payable 8.000 Accrued Liabilities Interest Payable Dividend Payable Long-term Loan 220,000 Common Shares 50,000 Retained Earnings 22,000 Food Revenue 468,500 Internet Revenue 127,000 Merchandise Revenue 103,000 Food Expense 240,000 Internet Expense 54,000 Electricity Expense 65,000 Telephone Expense 20,000 Interest Expense 0 Salary Expense 200,000 Insurance Expense 9,000 Supplies Expense 8,000 Depreciation Expense Ront Finance 1600 Band 9 forf puppies expense 1,000 Depreciation Expense Rent Expense 150,000 1,053,500 1,053,500 Based on the information you have prepare the adjusting joumal entries, an agusting to balance the statement of eamings (income statement statement of financial position (balance sheet, and statement of retained earnings After you have completed the statements, prepare the closing journal entries and the posting closing trial balance Ensure you show all of your work and prepare proper journal entries and properly formatted financial statements Note to students: Issues are hidden within the case it is your responsibility to read the case facts and identity the chical issues required for discussion and analysis Evaluation Case Analysis 2 will be marked in its entirety out of the following tubic indicates the criteria students are to adhere to and their relative weights to the assignment overall the instructor may also rederate a class casession upon which a grade scaling might be deemed appropriate Activity competencies Demonstrated of Sinal Gate dentification and Analysis of issues(100% a. Adjusting Entries 17 Chapter and for.pdf Activity/Competencies Demonstrated 96 of Final Grade 1. Identification and Analysis of Issues (100%) a. Adjusting Entries b. Adjusting Trial Balance 117 110 C. Balance Sheet 28 d. Statement of Operations 113 V6 e. Statement of Retained Earings Closing Entries g. Post Closing Trial Balance 116 110 Total 100 Based on the information you have prepare the adjusting journal entries an adjusting the balance, the mentor statement of financial position (balance sheets and statement of retained earnister you have completed the statements, the journal entries and the posting closing trial balance. Ensure you show of your work and prepare proper punoletnies and properly formed financial statements Note to students: Issues are hidden within the case. It is your responsibility to read the care facts and identity the required discussion and analysis Evaluation Case Analysis 2 will be marked in its entirety out of 100. The following rubric indicates the students are to adhere to, and merr wechs to the assignment overall. The instructor may also generate a class case discussion upon which a grade saling might be deemed to