can you complete the finanical statements and closing trial balance

Date	Transaction
July 1	Owner invested $100,000 cash into the business.
July 2	Purchased equipment on account for $10,000 plus $100 installation. It has a life of 4 years with zero residual value.
July 5	Purchased 20 coats at $50 each terms 2/10, n/30.
July 9	Paid $200 for the shipping of the coats on July 5th.
July 11	Purchased another 10 coats at $60 each term 2/10, n/30.
July 15	Paid the rent of $2000.
July 15	Sold 2 coats to Argus at $500 each, terms 2/10, n/30. At this point remember to do the COGS entry without the dollar value (LIFO). You will compute that amount in the next step of the project.
July 16	Sold 4 coats to James at $500 each, terms 2/10, n/30. You will compute that amount in the next step of the project.
July 22	Sold 7 coats to Bob at $500 each, terms 2/10, n/30. You will compute that amount in the next step of the project.
July 24	Bob returned 1 coat that was damaged and we gave hin credit on his account. Could not be restocked.
July 26	Bob paid his bill within the discount period.
July 31	Paid electric bill $100.

Week 3: Inventory

Due by the end of Week 3 at 11:59 pm, ET.

After completing the journal entries, you will now compute the COGS for the purchasing and sales of the coats. You have been given an inventory ledger in the excel templates to post to. Use LIFO (last in first out) to do your computations. Remember to take the numbers you computed and put them in the journal. After putting in all the required numbers, post to the appropriate ledger.

Week 4: Bad Debts & Depreciation

Due by the end of Week 4 at 11:59 pm, ET.

You have found out that Argus has gone bankrupt. Using the direct write-off method, you are to write him off on July 31st. Do the appropriate journal entry and post to correct ledgers. Its also the end of the month, so you are to compute the depreciation on the asset purchased on the 2^nd. Use the straight-line method and take only one months depreciation (zero residual value). Do the appropriate journal entry and post to correct ledgers.

Week 5: Corporations

Due by the end of Week 5 at 11:59 pm, ET.

Its the end of the month, and the owner is concerned about unlimited liability being a sole proprietorship. Therefore, the company is converting to a corporation. The owner will receive 1,000 shares of $75 par common stock for the original investment. Do the required entry and post to the general ledger using the excel templates provided. Once you updated the general ledger, create a Trial Balance to ensure that your debits equal your credits.

Week 6: Financial Statements Creation and Analysis

Due by the end of Week 6 at 11:59 pm, ET.

Once you have completed and checked your work with a trial balance from the previous weeks, your employer has asked you to create Financial Statements. Be sure to do the income statement, retained earnings statement, and balance sheet for the company. Make sure you do each Financial Statement in good form, including the appropriate Title Information for each statement.

Week 7: Closing Entries and Post-Closing Trial Balance and Final Submission to ePortfolio

Due by the end of Week 7 at 11:59 pm, ET.

It is the final step in the accounting cycle. You are at the end of the month, and you have to reset the temporary accounts prior to the new period starting. You must do the closing entries in order to complete this. Please close the appropriate accounts using the journal and ledgers again. Make sure to do a post-closing trial balance to ensure you are still in balance after the closing is finished. Continue to use the Excel templates provided.