All of part 2 please! I attached some information from part 1 that could be useful!

a. Prepare adjusted journal entries 2. Ledger T accounts a. Show beg. Unadjusted balance from part 1 b. Post adjusting activity - with Journal entry reference add on to unadjusted balance (this is your beginning) c. Show adjusted ending balance in ledger account 3. Trial Balance a. Prepare and Adjusted Trial Balance 4. Financial Statements a. (Multi-step) Income statement (do not forget the EPS disclosure) b. Statement of Retained Earnings c. (Classified) Balance Sheet (remember all disclosures) d. Cash Flow - prepare a direct method (remember that GAAP requires a reconciliation when the direct method is used) 5. General Journal e. Prepare closing journal entries 6. Ledger - T accounts a. Show Beg adjusted balance from \#2 b. Post the closing activity with Journal entry reference c. Show ending closing balances 7. Trial Balance a. Prepare a Post-Closing trial balance Remember to use proper formatting for everything you do! Financial statements should be GAAP format and look professional (and printer ready). Assume you are making this for a client. \begin{tabular}{|c|c|c|c|c|} \hline 26-Jul & Salary Expense & 510 & 9,800 & \\ \hline & Cash & 100 & & 9,800 \\ \hline \multirow[t]{2}{*}{ 9-Aug } & Cash & 100 & 12,000 & \\ \hline & Unearned Revenue & 240 & & 12,000 \\ \hline \multirow[t]{4}{*}{ 17-Aug } & Accounts Receivable & 110 & 18,000 & \\ \hline & Servive Revenue & 400 & & 18,000 \\ \hline & Cost of Goods Sold & 500 & 9,700 & \\ \hline & Inventory & 120 & & 9,700 \\ \hline \multirow[t]{2}{*}{ 10-Sep } & Marketable Securities & 150 & 23,000 & \\ \hline & Cash & 100 & & 23,000 \\ \hline \multirow[t]{2}{*}{ 21-Sep } & Cash & 100 & 12,000 & \\ \hline & Accounts Receivable & 110 & & 12,000 \\ \hline \multirow[t]{3}{*}{ 29-Sep } & Cash & 100 & 3,800 & \\ \hline & Loss on Sale & 590 & 1,400 & \\ \hline & Equipment & 125 & & 5,200 \\ \hline \multirow[t]{2}{*}{ 1-Oct } & Prepaid Rent & 140 & 14,400 & \\ \hline & Cash & 100 & & 14,400 \\ \hline \multirow[t]{2}{*}{ 19-Oct } & Cash & 100 & 2,200 & \\ \hline & Dividend Income & 410 & & 2,200 \\ \hline \multirow[t]{2}{*}{ 8-Nov } & Utilities Expense & 520 & 3,400 & \\ \hline & Utilities Payable & 230 & & 3,400 \\ \hline \multirow[t]{2}{*}{ 27-Nov } & Supplies Expense & 550 & 19,500 & \\ \hline & Cash & 100 & & 19,500 \\ \hline \multirow[t]{2}{*}{ 15-Dec } & Dividends & 320 & 10,000 & \\ \hline & Cash & 100 & & 10,000 \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} GENERAL JOURNAL \begin{tabular}{|c|c|c|c|c|} \hline Date & Description (account titles) & Ref. & Debit & Credit \\ \hline 1-Mar & No Entry needed - 3.5 million - no par shares authorized & & & \\ \hline \multirow[t]{3}{*}{ 20-Mar } & Cash & 100 & 375,000 & \\ \hline & Common Stock & 300 & & 375,000 \\ \hline & (issued 450,000 shares at $1.50 ) & & & \\ \hline \multirow[t]{2}{*}{ 7-Apr } & Patent & 180 & 8,000 & \\ \hline & Cash & 100 & & 8,000 \\ \hline \multirow[t]{2}{*}{ 28-Apr } & Supplies & 125 & 5,200 & \\ \hline & Cash & 100 & & 5,200 \\ \hline \multirow[t]{2}{*}{ 1-May } & Equipment & 160 & 90,000 & \\ \hline & Notes Payable & 250 & & 90,000 \\ \hline \multirow[t]{2}{*}{ 10-May } & Inventory & 120 & 105,000 & \\ \hline & Accounts Payable & 200 & & 105,000 \\ \hline \multirow[t]{3}{*}{ 31-May } & Land & 170 & 80,000 & \\ \hline & Land - Held as Investment & 175 & 15,000 & \\ \hline & Cash & 100 & & 95,000 \\ \hline \multirow[t]{2}{*}{ 1-Jun } & Prepaid Insurance & 130 & 18,000 & \\ \hline & Cash & 100 & & 18,000 \\ \hline \multirow[t]{5}{*}{ 26-Jun } & Cash & 100 & 9,000 & \\ \hline & Accounts Receivable & 110 & 6,000 & \\ \hline & Service Revenue & 400 & & 15,000 \\ \hline & Cost of Goods Sold & 500 & 7,600 & \\ \hline & Inventory & 120 & & 7,600 \\ \hline \multirow[t]{4}{*}{ 7-Jul } & Cash & 100 & 56,000 & \\ \hline & Service Revenue & 400 & & 56,000 \\ \hline & Cost of Goods Sold & 500 & 36,400 & \\ \hline & Inventory & 120 & & 36,400 \\ \hline \end{tabular} March 1 The company was formed with 3,500,000 shares authorized - no par value. March 20 The company issued 250,000 shares of (no-par value) stock at $1.50 a share stock. April 7 Created a unique game chair - applied for a patent - legal costs were $8,000. April 28 Found a close out deal and purchased two years of office supplies for $5,200 on account. May 1 Purchase a cash register, counter, and some shelving for the store with a Note Payable of $90,000 due in 5 years. The company used the straight-line method for depreciation. The note requires annual principal payment of $18,000 and has an interest rate of 3%. May 10 Purchased video game for inventory for $105,000 on account. The company uses the FIFO method under a perpetual system to account for inventory May 31 Purchase two parcels of land for $95,000 - Parcel A was $80,000 and Parcel B was $15,000. Parcel A was used to build a storage facility. Parcel B is next door to the store. The intention is to have extra land to build a parking lot one day, but the owner does not have any immediate plans to start building. June 1 Purchased two years of Insurance for $18,000. June 26 Sold some video games to a customer for $15,000. Inventory had a cost of $7,600. The customer paid $9,000 cash and the rest on account. July 7 Sold vintage video game systems to a customer for $56,000 to a customer for cash. Inventory had a cost of $36,400. July 26 Paid employee wages of $9,800. August 9 A customer gave the store a deposit of $12,000 for to have several retro video games systems repaired. It was uncertain if all the needed parts could be located so no promises were made but the store said they would try and took the money. August 17 Customer purchased $18,000 of video games on account. Inventory had a cost of $9,700. Sept 10 Invested $23,000 of excess cash in securities - intend to hold them for several years. Sept 21 Collected $12,000 from a customer that owed you money for goods previously purchased. Sept 29 Sold one of the shelving units purchased on May 1st. The shelf cost $5,200 and was sold for $3,800. Oct 1 Landlord offered a big discount so paid one year of store rent for $14,400. Zeta-Z Video Game Supplies has identified the following accounts as needed to be adjusted. Complete the necessary adjusting entries: a) Salaries earned but not paid for the period $5,500. b) Record accrued dividend income on investments of $1,500. c) Depreciation expense for the period. The equipment has a useful life of 15 years \& the salvage value is estimated to be zero. (Hint - you have a partial year) d) Determine the amount of Insurance that has expired. e) Supplies on hand $1,700. f) Found the parts needed to repair the game systems brought in on August 9th. As of December 31st, half were complete and given to the customer - Zeta is working on finishing the rest of the systems. g) Record the amount of expired rent. h) Record accrued Interest expense of on Note Payable for the equipment purchased on May 1st. i) Once all the adjustments are complete the company will need to calculate net income. Then you will calculate tax expense and recorded it (the offset is a tax payable). The company has an income tax rate of 25%. a. Prepare adjusted journal entries 2. Ledger T accounts a. Show beg. Unadjusted balance from part 1 b. Post adjusting activity - with Journal entry reference add on to unadjusted balance (this is your beginning) c. Show adjusted ending balance in ledger account 3. Trial Balance a. Prepare and Adjusted Trial Balance 4. Financial Statements a. (Multi-step) Income statement (do not forget the EPS disclosure) b. Statement of Retained Earnings c. (Classified) Balance Sheet (remember all disclosures) d. Cash Flow - prepare a direct method (remember that GAAP requires a reconciliation when the direct method is used) 5. General Journal e. Prepare closing journal entries 6. Ledger - T accounts a. Show Beg adjusted balance from \#2 b. Post the closing activity with Journal entry reference c. Show ending closing balances 7. Trial Balance a. Prepare a Post-Closing trial balance Remember to use proper formatting for everything you do! Financial statements should be GAAP format and look professional (and printer ready). Assume you are making this for a client. \begin{tabular}{|c|c|c|c|c|} \hline 26-Jul & Salary Expense & 510 & 9,800 & \\ \hline & Cash & 100 & & 9,800 \\ \hline \multirow[t]{2}{*}{ 9-Aug } & Cash & 100 & 12,000 & \\ \hline & Unearned Revenue & 240 & & 12,000 \\ \hline \multirow[t]{4}{*}{ 17-Aug } & Accounts Receivable & 110 & 18,000 & \\ \hline & Servive Revenue & 400 & & 18,000 \\ \hline & Cost of Goods Sold & 500 & 9,700 & \\ \hline & Inventory & 120 & & 9,700 \\ \hline \multirow[t]{2}{*}{ 10-Sep } & Marketable Securities & 150 & 23,000 & \\ \hline & Cash & 100 & & 23,000 \\ \hline \multirow[t]{2}{*}{ 21-Sep } & Cash & 100 & 12,000 & \\ \hline & Accounts Receivable & 110 & & 12,000 \\ \hline \multirow[t]{3}{*}{ 29-Sep } & Cash & 100 & 3,800 & \\ \hline & Loss on Sale & 590 & 1,400 & \\ \hline & Equipment & 125 & & 5,200 \\ \hline \multirow[t]{2}{*}{ 1-Oct } & Prepaid Rent & 140 & 14,400 & \\ \hline & Cash & 100 & & 14,400 \\ \hline \multirow[t]{2}{*}{ 19-Oct } & Cash & 100 & 2,200 & \\ \hline & Dividend Income & 410 & & 2,200 \\ \hline \multirow[t]{2}{*}{ 8-Nov } & Utilities Expense & 520 & 3,400 & \\ \hline & Utilities Payable & 230 & & 3,400 \\ \hline \multirow[t]{2}{*}{ 27-Nov } & Supplies Expense & 550 & 19,500 & \\ \hline & Cash & 100 & & 19,500 \\ \hline \multirow[t]{2}{*}{ 15-Dec } & Dividends & 320 & 10,000 & \\ \hline & Cash & 100 & & 10,000 \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} GENERAL JOURNAL \begin{tabular}{|c|c|c|c|c|} \hline Date & Description (account titles) & Ref. & Debit & Credit \\ \hline 1-Mar & No Entry needed - 3.5 million - no par shares authorized & & & \\ \hline \multirow[t]{3}{*}{ 20-Mar } & Cash & 100 & 375,000 & \\ \hline & Common Stock & 300 & & 375,000 \\ \hline & (issued 450,000 shares at $1.50 ) & & & \\ \hline \multirow[t]{2}{*}{ 7-Apr } & Patent & 180 & 8,000 & \\ \hline & Cash & 100 & & 8,000 \\ \hline \multirow[t]{2}{*}{ 28-Apr } & Supplies & 125 & 5,200 & \\ \hline & Cash & 100 & & 5,200 \\ \hline \multirow[t]{2}{*}{ 1-May } & Equipment & 160 & 90,000 & \\ \hline & Notes Payable & 250 & & 90,000 \\ \hline \multirow[t]{2}{*}{ 10-May } & Inventory & 120 & 105,000 & \\ \hline & Accounts Payable & 200 & & 105,000 \\ \hline \multirow[t]{3}{*}{ 31-May } & Land & 170 & 80,000 & \\ \hline & Land - Held as Investment & 175 & 15,000 & \\ \hline & Cash & 100 & & 95,000 \\ \hline \multirow[t]{2}{*}{ 1-Jun } & Prepaid Insurance & 130 & 18,000 & \\ \hline & Cash & 100 & & 18,000 \\ \hline \multirow[t]{5}{*}{ 26-Jun } & Cash & 100 & 9,000 & \\ \hline & Accounts Receivable & 110 & 6,000 & \\ \hline & Service Revenue & 400 & & 15,000 \\ \hline & Cost of Goods Sold & 500 & 7,600 & \\ \hline & Inventory & 120 & & 7,600 \\ \hline \multirow[t]{4}{*}{ 7-Jul } & Cash & 100 & 56,000 & \\ \hline & Service Revenue & 400 & & 56,000 \\ \hline & Cost of Goods Sold & 500 & 36,400 & \\ \hline & Inventory & 120 & & 36,400 \\ \hline \end{tabular} March 1 The company was formed with 3,500,000 shares authorized - no par value. March 20 The company issued 250,000 shares of (no-par value) stock at $1.50 a share stock. April 7 Created a unique game chair - applied for a patent - legal costs were $8,000. April 28 Found a close out deal and purchased two years of office supplies for $5,200 on account. May 1 Purchase a cash register, counter, and some shelving for the store with a Note Payable of $90,000 due in 5 years. The company used the straight-line method for depreciation. The note requires annual principal payment of $18,000 and has an interest rate of 3%. May 10 Purchased video game for inventory for $105,000 on account. The company uses the FIFO method under a perpetual system to account for inventory May 31 Purchase two parcels of land for $95,000 - Parcel A was $80,000 and Parcel B was $15,000. Parcel A was used to build a storage facility. Parcel B is next door to the store. The intention is to have extra land to build a parking lot one day, but the owner does not have any immediate plans to start building. June 1 Purchased two years of Insurance for $18,000. June 26 Sold some video games to a customer for $15,000. Inventory had a cost of $7,600. The customer paid $9,000 cash and the rest on account. July 7 Sold vintage video game systems to a customer for $56,000 to a customer for cash. Inventory had a cost of $36,400. July 26 Paid employee wages of $9,800. August 9 A customer gave the store a deposit of $12,000 for to have several retro video games systems repaired. It was uncertain if all the needed parts could be located so no promises were made but the store said they would try and took the money. August 17 Customer purchased $18,000 of video games on account. Inventory had a cost of $9,700. Sept 10 Invested $23,000 of excess cash in securities - intend to hold them for several years. Sept 21 Collected $12,000 from a customer that owed you money for goods previously purchased. Sept 29 Sold one of the shelving units purchased on May 1st. The shelf cost $5,200 and was sold for $3,800. Oct 1 Landlord offered a big discount so paid one year of store rent for $14,400. Zeta-Z Video Game Supplies has identified the following accounts as needed to be adjusted. Complete the necessary adjusting entries: a) Salaries earned but not paid for the period $5,500. b) Record accrued dividend income on investments of $1,500. c) Depreciation expense for the period. The equipment has a useful life of 15 years \& the salvage value is estimated to be zero. (Hint - you have a partial year) d) Determine the amount of Insurance that has expired. e) Supplies on hand $1,700. f) Found the parts needed to repair the game systems brought in on August 9th. As of December 31st, half were complete and given to the customer - Zeta is working on finishing the rest of the systems. g) Record the amount of expired rent. h) Record accrued Interest expense of on Note Payable for the equipment purchased on May 1st. i) Once all the adjustments are complete the company will need to calculate net income. Then you will calculate tax expense and recorded it (the offset is a tax payable). The company has an income tax rate of 25%