Can someone help me with this? Unfortunately the previous accounting i took was over a year ago and don't quite remember how to put this stuff together.. Thanks in advance!

PROJECT 1 ACCT 3303 Spring 2013 Background Information The 2011 balance sheet of the Blackberry Mountain Inc. is provided below: BLACKBERRY MOUNTAIN INC. BALANCE SHEET DECEMBER 31, 2011 Current Assets Cash Shortterm Investments Accounts Receivable Less: Allowance for Doubtful Accounts Prepaid expenses Inventories Total Current Assets NonCurrent Assets Longterm Investments Investments in heldformaturity securities Land held for future development Property, Plant, and Equipment Land Buildings Less: Accumulated Depreciation Intangible Assets Capitalized Development Costs Goodwill Other Identifiable Intangible Assets Total NonCurrent Assets Total Assets Current Liabilities Deposit Received from Customers Provisions Related to Warranties Salary and Wages Payable Interest Payable Accounts Payable Notes Payable Total Current Liabilities NonCurrent Liabilities Provisions Related to Pensions Bonds Payable Total NonCurrent Liabilities Total Liabilities 52,485 51,030 165,824 (1,850) 16,252 489,713 773,454 82,000 5,500 125,000 975,800 (341,200) 6,000 66,000 28,000 947,100 1,720,554 4,380 12,500 5,560 20,500 197,532 80,000 320,472 75,000 425,000 500,000 820,472 Stockholders' Equity Common Stock Preferred Stock Paidincapital Common Stock Paidincapital Preferred Stock Retained Earnings Accumulated Other Comprehensive Income Less: Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity 400,000 300,000 27,500 10,000 170,482 4,850 (12,750) 900,082 1,720,554 Transactions for Blackberry Mountain Inc for the month of January is as follows: 1 Owner's invest $21,000 of additional cash in the business 2a Supplies are purchased for $3,000. 2b Insurance is paid for 6 months beginning January 1: $5,400 (record as an asset) 2c Rent is paid for 3 months beginning in January: $4,500 (record as an asset) 2d Three employees are hired. Each employee will be paid $2,800 per month. 3 FFD borrows $45,000 from 1st State Bank at 12% annual interest. 6 A delivery van is purchased for $22,500 cash. It will be used for 3 years and will be depreciated monthly using straight-line depreciation with no salvage value. A full month of depreciation will be charged in January. 7 All of the receivables from December's sales are collected. 8 All of the accounts payable from December are paid. 9 Services are performed for customers on account. Invoices totaling $9,800 are mailed. 10 Services are performed for cash customers: $7,600. 15 FFD borrows $16,000 from 2nd State Bank at 9% annual interest. 16 Wages for the first half of the month are paid on January 16: $4,200 20 The company receives $3,000 from a customer for an advance order for services to be provided in January and February. 25 Collections from customers on account (see January 9 transaction): $4,500. 30 A $3,100 utility bill for January arrived. It is due on February 15. Additional information for the adjusting entries at January 31: a. The company completed 60% of the deliveries for the customer that paid in advance on January 20th. b. Interest is accrued for the two bank loans (assume a full month for the 1st State Bank loan and month for the 2nd State Bank loan). c. The last 2 weeks wages earned by employees are $1,400 per employee and will be paid on February 3rd. d. Record January depreciation. e. Adjust the prepaid asset accounts as needed. Instructions: 1. Prepare journal entries for each event. 2. Prepare the t-accounts 3. Prepare the Unadjusted Trial Balance 4. Prepare Adjusting Entries. 5. Prepare adjusted trial balance. 6. Prepare Income Statement, Balance sheet, and Statement of Retained Earnings. 7. Prepare closing Entries