Harvey's Donuts is a specialty donut and coffee shop. They provide a variety of baked goods and beverages to customers. At the beginning of 2020, the following account balances were available: 2 3 $ 4 5 $ Cash Accounts Receivable Inventory Supplies Equipment 6 7 8 30,500 13,350 24,600 1,985 96,450 Accounts Payable Salaries Payable Common Stock Retained Earnings (1/1/20) 18,965 27,225 50,000 70,695 9 10 11 12 13 14 15 During January 2020 the following transactions occurred: 1. Harvey sold donuts and beverages to customers of $25,700, all on credit. 2. Harvey sold donuts and beverages to customers of S16,838 for cash. 3. Supplies of $2,200 were purchased on credit. 4. Harvey collected $20,125 of Accounts Receivable. 5. Harvey paid $17,600 of their accounts payable balance 6. Harvey paid the full amount of salaries payable on January 31, 2020. 7. Harvey received the bill for January's utilities of S540 8. Harvey's workers earned salaries of $15,936 for January that were not paid by the end of the month. 16 17 18 19 20 21 22 23 24 Step 1: On Tab 2 - Write out your analysis of each transaction above and how it impacts the Assets, Llabilities, and/or Equity. Step 2: On Tab 3 -Write out the Journal entries for #s1-8. Check figure on Journal Entries: Total debits/credits $126,164 25 Step 3: On Tab 4 - Post the Journal Entries to the General Ledger (represented by T-charts) 26 27 28 29 30 31 Step 4: Create the Unadjusted Trial Balance Check figure on Journal Entries: Total debits/credits = $183,274 Step 5: Create the Income Statement, Statement of Retained Earnings, and Balance Sheet