Assignment Requirement: The assignment consists of two parts: PartA Orbito Co. is a retail business that uses the perpetual Inventory system. The account balances for Orbito Co. as of July 1, 20Y3 (unless otherwise indicated) are as follows: During July, the last month of the fiscal year, the following transactions were completed: Required: 1. Journalize the transactions of July. 2. Post the transaction to the T Accounts and balance it off. (no need to do Subledgers) 3. Prepare Unadjusted Trial Balance. 4. At the end of July, the following adjustment data were assembled. Analyze and use these data to post adjustment entries. 5. Prepare an adjusted Trial Balance. (don't reflect them in the T accounts) 6. Prepare multi step income statement, statement of shareholders' equity and a balance sheet. Assume the additional common stock was $10,000 was issued in January 20Y3. 7. Journalize the closing entry. 8. Prepare a post-closing trial balance