Help me!!!!! Please!!!!!

1. Preparing Balance Sheets usiness as a reseller of "ACCA" books You order every day 5 books from Suppose you are about to start your ownb with your supplier in "ACCA publishing Cost of each book is $50, and your supplier agrees to sell it to you on account terms n/11. The price you set for each book is $70. But you are able to sell each ordered books only after 15 days. On the other hand, to attract clients you are offering a sale with term n/5 (A/R). The good point is that your parents yo u to become successful, thus they are always ready to help you with the cash whenever you need, however you need to pay back them their investment to you. Required: a) Show the balance sheet on 1 1th, 15th, 16th, 20th, 21th days. b) Find the day when you can pay your all debts (With Balance Sheet) 2. On December 31 of last year, the balance sheet of Korab Company had Accounts Recelvable of $149.000 and a credit balance in Allowance for Uncollectible Accounts of $10,150. During the current year, Korab Company's records included the following selected activities: (a) sales on account, $597,500: (b) sales returns and allowances, $36,500 (c) collections from customers, $575,000; and (d) accounts written off as worthless, $8,000. In the past, 1.6 percent of rab Company's net sales have been uncollectible Required: Prepare T accounts for Accounts Receivable and Allowance for Uncollectible Accounts and Compute Uncollectible Accounts Expense and determine the ending balance of Allowance for Uncollectible Accounts under (a) the percentage of net sales method and (b) the accounts receivable aging method. Assume that an aging of the accounts receivable shows that $10,000 may be uncollectible 3. The following information is available for Unique Globe, as of May 31, 2011. Cash on the books as of May 31 amounted to $43,784.16. Cash on the bank statement for the same date was $53,451.46. A deposit of $5,220.94, representing cash receipts of May 31, did not appear on the bank statement. Outstanding checks totaled $3,936.80. A check for $1,920.00 paid by bank was recorded incorrectly in the check register as $1,380.00. The bank service charge for May amounted to $30. The bank collected $12,200.00 for Unique Globe, on a note. The face value of the note was $12,000.00. An NSF check for $178.56 from a customer, Eve Lay, was returned with the statement. The bank mistakenly charged to the company account a check for $750.00 drawn by another company. The bank reported that it had credited the account for $250.00 in interest on the average balance for May. 4. Company purchased car at $22000 with a residual value $2000. Estimated life of car is 5 years. After 2 years and 6 months company decided to dispose car by exchanging it to a new car with cost $15000, trade-in for old car was $7000. Required: a) Draw depreciation table under double-declining method,; b) Make journal entry for disposal of car S. Benzinger Trailer Rental owns thirty small trailers that are rented by the day for local moving jobs. The adjusted trial balance for Benzinger Trailer Rental for the year ended December 31, 19x4 1,384 Cash Accounts Receivable 721 Accumulated Depreciation, Trailers Accounts Pa Wages Payable Frank Benzinger, Capital Frank Withdrawals Trailer Rentals 542 400 Benzinger, 400 Insurance Expense1,440 Supplies Expense 532 Depreciation Expense Trailers 4,800 Other Expensesw $117,822 $117823 Required 1. Prepare an income statement, a statement of owner's equity, and a balance sheet. Assume no additional investments by Frank Benzinger 2. From the information given, record the closing entries