Complete the worksheet in Excel

Basketball R Us had the following transactions in year 2 Required 1) Create journal entries for the transaction below, then 2) post your journal entries to the T accounts and 3) complete the Income Statement Note: Basketballs R Us uses a perpetual inventory system Given: We buy Basketballs for $6, we sell basketballs for $10 Transactions 1) We paid for the basketballs purchased in the prior period (hint: use Accts Payable) 2) We sell 700 basketballs on account (hint: use Accts Receivable) 3) Wages are $2000 (paid from cash) 4) Rent is $1500 (paid from cash)