After nearly destroying the city of Springfield USA because of many near nuclear melt downs caused by Homer Simpson, Mr. Burns decided to go into selling cookies.On January 2, 2020, Mr. Burn continued his Good Old Fashion Cookies Empire.The company is still a merchandise company and still uses a perpetual inventory system.

1 the journal entries on a document. (To be turned in separately)

2.Post all journal entries to the worksheet

3.Post all adjusting journal entries to the worksheet

4.In good form, produce a multi step Income Statement, Statement of Retained

Earnings, Balance Sheet, and Statement of Cash Flow

Journal Entries:

March 6: Mr. Burns collected $30,000 of the 1/1/2020 balance of the note receivable from Mayor Qyimb. The interest rate was 15% and the Note was written on July 1th, 2019