For each transaction below:

$1)$ First, record the necessary journal entry $($utilize the "Chart of Accounts" below$).$ Add additional rows for your journal entries if needed.

$2)$ After recording each entry, post the effects of the Journal Entry to the appropriate T$-$accounts. Use the $"="$ sign in the T$-$accounts to link and post each journal entry.

$3)$ Link the ending balance for each T$-$account from Part #$1$ into the Trial Balance on the "Financial Statements" tab $($make sure your trial balance balances before moving on$).$

$4)$ Place each account and it's respective balance into their proper places in the financial statements. You should show each account that has an ending balance in the financial statements $($exclude accounts with $$0$ balances$).$ Format the financial statements so they're clean and easy to follow; you may need to add rows or delete rows. Start with the Income Statement, then use your net income from the income statement to complete the Statement of Retained Earnings, and then move onto completing your balance sheet.

$5)$ Once you've completed you financial statements, review your work to ensure there are no errors $($does your balance sheet balance?$).$  

Write out the journal entries for these transaction.

c) d) e) f) g) 12/1/20X2 Close out November's revenue and expense activity to retained earnings (Note - November's Net Income was $13,933). 12/2/2002 Received cash payment of $67,500 from a customer for payment of 15 tables sold to the customer in November. 12/3/20X2 In November, a customer paid Bengal cash of $3,200 to provide restoration services (accounted for in November). On December 3, Bengal completed the restoration project and returned the refurbished furniture to the customer. 12/3/20X2 Sold 50 tables to a local business for $4,500 per table. The customer paid cash of $25,000 on the date of purchase, with payment of the remaining balance due in 30 days. Bengal originally purchased the inventory for $142,000. In addition, Bengal agreed to make any needed repairs for free for the first 90 days after purchase, a perk Bengal provides for all of their customers at no additional charge. 12/8/2002 On December 8, a local hotel paid Bengal $90,000 for a package deal. The deal includes the purchase of a variety of furniture (delivered to the hotel on December 8th), and a one-year restoration service agreement to repair the rest of the furniture at the hotel. The restoration work will begin in 2023. The furniture (inventory) originally cost Bengal $20,000 when they purchased it earlier this year. If Bengal were to sell the furniture on it's own, the price would be $65,000. The restoration services would normally be priced at $85,000. Record all necessary journal entries on December 8th. 12/1/2002 To increase available capital, Bengal issued 1,000 bonds with a stated interest rate of 5% and face value of $10,000 per bond. The bonds will make monthly interest payments at the end of each month and mature in 5 years. The market rate of interest for similar bonds at the time of issuance was 6%. Calculate the bond issuance price, and record the sale/issuance of all 1,000 bonds. 12/10/20X2 Purchased 10,000 shares of Apple stock as an investment when the stock was trading at $125.00 per share. Bengal plans to hold the shares for the long-term, but will use the fair value method to account for the investment.