General Journal Date Account T Cr Week 2 1-JulCash $100,000 Owner's Capital $100,000 2-Jul Equipment $10,100 Accounts Payable $10.100 5-Julinventories $1,000 Accounts Payable $1,000 9-Jul Inventories $200 Cash $200 11-July Inventories $600 Accounts Payable 15-Jul Rent expense $2,000 Cash $2.000 15-Jul Accounts Receivable $1,000 Sales Revenue $1.000 15-Jul Cost of Goods sold $120 Inventories $120 16-Jul Accounts Receivable $2,000 Sales Revenues $2,000 16-Jul Cost of Goods Sold $240 Inventories $240 22-JulAccounts Receivable Sales Revenue $3,500 $3.500 24-JulSales return & Allowances $500 Account Receivable $500 Inventories Cost of Goods sold 26-Jul Cash Sales Discount $2.940 Account Receivable $3,000Cash Act. I 101 Date item PR Debit Credi Balance 1-Jul 1 $100.000 9-Jul $100,000 19 $290 15-Jul $99,800 115 $2,000 26-Jul $97,800 126 $2.940 31-Jul 31 $100,740 $100 $100,640 Accounts Receivable Act 105 Date Item PR Debit Credit Balance 15-Jul 115 $1,000 $1,000 16-Jul 116 $2,000 63,000 22-Jul 122 53,500 $6,500 24-Jul 124 500 56,500 26-Jul 126 $3.000 $3,000 Equipment Act. # 150 Date Item PR Debi Credit Balance 2-Jul 12 $10,100 $10,100 Accumulated Depreciation-Equipment Act. # 150.1 Date Item PR Debit Credit Balance Inventory Act. # 170 Date Item PR Debit Credit Balance 5-Jul $1,000 9-Jul $1,000 19 $200 11-Jul $1,200 J11 $600 15-Jul $1,800 16-Jul $120 $1,680 16 $240 22-Ju $1,440 122 $390 24-Jul 124 $1,050 $1,110Accounts Payable Act. 210 Date Item PR Debit Credit Balance 2-Jul $10,100 $10,100 5-Jul $1,000 $11,100 11-Jul SGOD $11,700 SDK, Capital Act. I 301 Date Item PR Debit Credit Balance 1-Jul $100,000 $10,100 Income Summary Act. # 310 Date Item PR Debit Credit Balance Common Stock Act. # 320 Date Item PR Debit Credit Balance Pad-in-excess of Par Act. # 321 Date Item PR Debit Credit Balance Retained Earnings Act. # 330 Date Item PR Debit Credit Balance Sales Act. 410 Date Item PR Debit Credit Balance 15-Ju $1,000 $1,000 16-Ju J16 $2,000 $3,000 22-Jul 122 $3,500 $6,500W AutoSave Off ACCT205 - Portfolio Project Directions and Rubrics . Saved to this PC Search (Alt+Q) A on.duquene.miarlynn O X File Home Insert Draw Design Layout References Mailings Review View Help Comments Share Book Antiqua 12 ~ A" A Aa* A O Paste E Normal No Spacing Heading 1 B I U ~ x x A LA Editing Dictate Sensitivity Editor Reuse Files Undo Clipboard Font Paragraph Styles Voice Sensitivity Editor | Reuse Files 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. It's also the end of the month, so you are to compute the depreciation on the asset purchased on the 2nd. Use the straight-line method and take only one month's 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. Page 1 of 2 3300 words CX Text Predictions: On [ Focus + 100% 70.F a 5:54 PM W Clear 10/1/2022Dashboard X Bb Review Submission History: W3P X G which of the following is not a re X New tab X + X C https://mybsc.bryantstratton.edu/webapps/assignment/uploadAssignment?content_id=_6645265_1&course_id=_92413_1&group_i... A Q G Coats Purchase Sales Inventory cost per cost per cost per number unit total cost ]number unit total cost number unit total cost S-Jul 20 $50 $1,000 20 $1,000 9-Jul $50l $200 20 $50 $1,000 $so $200 24 $1,20 11-Jul 10 $60 $600 2 $500 $1,000 24 $50 $1,200 10 $60 $600 $1,800 15-Jul 2 $500 $1,000 $50 $1,200 $480 $1,680 16-Jul 4 $500 $2,000 $1,200 $60 $240 $1,440 22-Jul 7 $500 $3,500 $50 $1,050 SO $1,050/ 24-Jul $50 $1,100 Total 34 $1,800 13 $6,500 $1,100 Inventory Available for Sale Cost of Goods Sold Ending Inventory 5-Jul 20-Jul $50 $1,000 $50 9-Jul 20 $50 $1,000 $50 $1,000 4 $50 $200 $50 $200 24 $50 $200 $50 $200 24 $1,200 $1,200 11-Jul 24 $50 $1,200 $50 $1,200 10 $60 $600 $60 $600 34 $1,800 $1,800 15-Jul $50 $50 $1,200 $120 $480 $120 $1,680 16-Ju $1,200 $240 $60 $240 $240 $1,440 22-Jul $150 $50 $1,050 $150 $60 OGES $1,050 24-Jul $50 $1,100 Total 34 $1,800 $700 $1,100 77 F O a W 6:03 PM Sunny 10/1/2022Dashboard X Bb Review Submission History: W3P X G which of the following is not a re X New tab x + X C https://mybsc.bryantstratton.edu/webapps/assignment/uploadAssignment?content_id=_6645265_18course_id=_92413_1&group_i... A G SBK Unadjusted Trial Balance 7/31/2022 Account Act. # Debit Credit Cast 101 100460.00 Account Receivable 105 3000.00 Equipment 150 10100.00 Iventory 170 1100.00 Account payable 210 11700.00 SBK, Capita 301 100000.00 Sale 410 Sales returns & allowances 410.1 500 Sales Discounts 410.2 60.00 Cost of Goods sold 530 700.00 Electric expense 540 100.00 Rent expense 580 2000.00 77 F W 6:03 PM Sunny a X 10/1/2022X AutoSave Off ACCT205 - Portfolio Project Week 3 v Search (Alt+Q) A on.duquene.miarlynn O X File Home Insert Page Layout Formulas Data Review View Help Comments Share N24 :X V fx A B C D E F G H J K L M N O P Q R S T U W N - 19 20 21 22 23 24 25 26 27 ... Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Depreciation Wk 6-Financia ... (+ Ready Accessibility: Investigate + 100% 77'F a 6:04 PM Sunny 10/1/2022