Create a schedule that outlines the total spend for San Antonio on the construction expenses. Develop a schedule that shows initial values of the various assets that San Antonio acquired or constructed during 2013. The company uses the specific interest method to determine the amount of interest capitalized on the building construction. Develop a schedule that shows the total interest expense that San Antonio will need to show for 2013 as it relates to construction of the new facility.

Please read carefully before you submit everything to me. I need for this to be correct and I also need for all the work to show, the journal entries, general ledgers everything. Thank you Create a schedule that outlines the total spend for San Antonio on the construction expenses. Develop a schedule that shows initial values of the various assets that San Antonio acquired or constructed during 2013. The company uses the specific interest method to determine the amount of interest capitalized on the building construction. Develop a schedule that shows the total interest expense that San Antonio will need to show for 2013 as it relates to construction of the new facility. : Journal Entries Prepare the all associated journal entries using double entry accounting methods. Your debits and credits should equal and the entries should have proper impact on the accounts that are being used. Prepare all required journal entries Adjust the account balances GENERA L JOURNA L Date Account Titles and Explanation P. R. Debit Credit GENERA L LEDGER Cash P.R. Dat Explanation DEBIT CREDIT ACCOUN T NO. ____ BALANC E e Dat e Explanation Accounts Receivabl e ACCOUN T NO. ____ P.R. BALANC E DEBIT CREDIT Prepare the adjusted Trial Balance, Income Statement, Statement of Owners Equity and Balance sheet. Also prepare an adjusted trial balance, which should equal whereas debits equal credits. You will then need to prepare the Income statement, where net income will be carried through to the statement of owners' equity as one of the adjustments to the final balance in the equity account. You will then need to prepare the Balance Sheet, where you will show the updated Owners Equity balance. San Antonio Outfitters Work Sheet For Month Ended December 31, 2013 Account Titles Produce the Trial Balance, Income Statement, Statement of Owners Equity and Balance Sheet for San Antonio for 2013. Income Statement San Antonio Outfitters Income Stateme nt For Year Ended Decemb er 31, XXXX Early in its fiscal year ending December 31, 2013, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on April 25 th with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $800,000. San Antonio paid $200,000 and signed a noninterest-bearing note requiring the company to pay the remaining $600,000 on March 28, 2015. An interest rate of 8% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $20,000 were paid at closing. Below is the trial balance for San Antonio Outfitters as of March 31. SAN ANTONIO OUTFITTERS Trial Balance March 31, 20XX o Debit Credit Cash .......................................................................................... $3,394,380 Accounts receivable ............................................................... 2,129,500 Prepaid insurance ................................................................... 42,300 Office equipment .................................................................... 119,300 Accumulated Depreciation, Office Equipment .................. $11,750 Inventory ................................................................................. 2,104,000 Building ................................................................................... 100,000 Land.......................................................................................... 720,000 Accounts payable ................................................................... $ 104,410 Notes payable.......................................................................... 600,000 San Antonio, Capital .............................................................. 2,541,700 San Antonio, Withdrawals .................................................... 10,450 Revenue ................................................................................... 6,144,100 Wages expense ........................................................................ 654,500 Depreciation Expense, Office Equipment ........................... 4,250 Equipment rental expense ..................................................... 71,410 Office Supplies Expense ........................................................ 7,500 Advertising expense............................................................... 32,400 Repairs expense ...................................................................... 11,970 Totals ........................................................................................ $9,401,860 $9,401,860 During April, the old building was demolished at a cost of $70,000, and an additional $50,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: May 30 July 30 Sept 1 Oct 1 $1,200,000 1,500,000 900,000 1,800,000 San Antonio borrowed $3,000,000 at 8% on May 25 to help finance construction. This loan, plus interest, will be paid in 2014. In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $600,000 on account. The fair values of the equipment and the furniture and fixtures were $455,000 and $145,000, respectively. In December, San Antonio paid a contractor $285,000 for the construction of parking lots and for landscaping. *****PLEASE USE THIS ADJUSTED TRIAL BALANCE SHEET TO PREPARE THE FINANCIAL STATEMENT IN ORDER FOR EVERYTHING TO BALANCE PER THE INSTRUCTOR****** SAN ANTONIO OUTFITTERS Adjusted Trial Balance December 31,20XX Cash Accounts Receivable Prepaid Insurance Equipment Office Equipment Accumulated Depreciation, Office Equipment Inventor 509,380 2,129,500 42,300 455,000 264,300 11,750 2,104,000 Building Land Accounts Payable Interest Payable Notes Payable San Antonio, Capital San Antonia, Withdrawals Revenue Wages Expense Depreciation Expense, Office Equipment Interest Expense Equipment Rental Expense Office Supplies Expense Advertising Expense Repairs Expense Totals 5,785,000 1,520,000 704,410 172,000 4,200,000 2,541,700 10,450 6,144,100 654,500 4,250 172,000 71,410 7,500 32,400 11,970 13,773,96 0 13,773,96 0