Hello I have a financial statement due tonight and I do not understand how to do this. Can someone please help.

s Add-ons Help All changes saved in Drive l text" David, Ind. December 31, 2017 Unadjusted Trial balance Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance 00,000 65,000 40,000 5,000 1,500 75,000 Accumulated Depreciation Accounts Payable Unearned Revenue 42,000 53,000 Long-Term Notes Payable 70,000 Retained Eamings (1/1/2017 Dividends 3,000 541,000 Sales Returns&Alowances Sales Discounts Cost of Goods Sold 3,000 Bad Debt Expense Rent Expense Insurance Expense Wages Expense 15,500 Loss on Disposal Interest Expense income Tax Expense Total 832,000 MacBook Pro 7 8 Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names). 1. On Dec. 31, 2017 merchandise was sold on account for $16,500 with a cost of $5.500 terms 3/10 net 30 2. The company issued a 6 month, 12% interest note short-term note for the amount isted on the unadjusted trial balance on Oct. 1, 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting jourmal entry required for its financial statements as of Dec. 31,2017 3. Uncollectable Accounts Receivables of $1,600 need to be written off for the year ended 2017 Management estimates that of the remaining accounts receivable balance, $2,000 will be uncollectible. Record the adjustment based on this information. Hint: Use the AFDA balance AFTER the above write off during 2017, Use an AFDA T-account! 4. 5. A piece of equipment was retired on Dec. 31, 2017. The equipment originally cost $34,000 and has related A/D of $24,000 as of Jan. 1, 2017. Additional depreciation of $3,000 needs to be recorded on this piece of equipment at Dec. 31, 2017. Update the depreciation below (#5). Then record the retirement (#6). 6. Record the retirement of the equipment (from #5) including the gain or loss ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L 1 r! Prenare the Adusted Trial Balance (i.e., use ending balances after Part Part 1b: Post the adjusting journal entries to t-accounts: (Specific instructions: Above each T-account, write the account name of each account affected by a journal entry. Write in the unadjusted balance for each of these accounts (from page 1)...he unadjusted balance might be a debit, a credit, or zero balance. Now you are ready to post your jourmal entries from page 2 onto the corresponding T-accounts and then calculate adjusted balances.) ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Part 1c: Prepare the Adiusted Trial Balance (i.e., use ending balances after the previous journal entries are posted) December 31, 2017 Adjusted Trial balance Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2017) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Delivery Expense Depreciation Expense Bad Debt Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax Expense Total OLL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Kaleidoscope Company,Inc. December 31, 2017 Adjusted Trial balance Debit Credit 45,000 44,900 Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable 2,000 80,000 13,500 60,000 48,200 23,000 Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue 1,000 18,000 20,000 18,000 7,000 65,000 132,000 15,000 Wages Payable Long-Term Notes Payable Retained Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold 2,000 557,000 7,600 3,000 51,000 2,000 15,400 Depreciation Expense Bad Debt Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax E Total 85,000 40,000 95,000 12,300 2,400 7,000 6,500 36,000 836,400 836,400 MacBook Pro 4a 3 5 8 Part 2a: Prepare a Multi-step Income Statement (Be sure to include all the necessary headings, totals and subtotals as outlined in Chapter 5. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Income Statement, use the right column for subtotals and totals.) , Inc. Income Statement Year Ended Dec. 31, 2017 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Part 2b: Prepare a Statement of Retained Earnings. Inc. Statement of Retained Earnings Year Ended Dec. 31, 2017 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Part 2c: Prepare a Classified Balance Sheet (Be sure to include and totals as outlined in Chapter 2. You may not need to use all of the lines provided. N two columns below do not represent debit and credit balances like they do on a trial balance. On Balance Sheet, use the right column for subtotals and totals.) all the necessary subtotals l ote: The Inc. Balance Sheet As of Dec. 31, 2017 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L