Help me to do Accounting Cycle project 2 Step II and excel.

Date General Journal Description Debit Credit Cash Account receivables Allowance for uncollectible accounts Inventory Notes receivables Accounts payable Interest receivables Equipment Accumulated depreciation yable Common stock Retained earnings Sales revenue Interest revenue Cost of goods sold Bad debt expense Depreciation expense Income tax expense Unadjusted Trial Balance Accounts Debit Cash Accounts receivables Allowance for uncollectible accounts Inventory Notes receivables Interest receivables Equipment Accumulated depreciation Accounts payable Commonstock Retained earnings Sales revenue Interest revenue Cost of goods sold Bad debt expense Depreciation expense Income tax expense Totals Credit Adjusted Trial Balance Debit Cash Accounts receivables Allowance for uncollectible accounts Inventory Notes receivables Interest receivables Equipment Accumulated depreciation Accounts payable Commonstock Retained earnings Sales revenue Interest revenue Cost of goods sold Bad debt expense Depreciation expense Income tax expense Totals Credit Multi-step Income Statement For the month Ended December 31, 20XX Statement of Stockholders' Equity For the month Ended December 31, 20XX Classified Balance She At December 31, 20XX Classified Balance Sheet At December 31, 20XX 11/3/2016 Take Test: Accounting Cycle Project 2 Step II - Instructions ... Ahmed Bakadam My DCCCD Courses Community 6 My Career ? H Accounting Cycle Projects Accounting Cycle Project 2 Take Test: Accounting Cycle Project 2 Step II Instructions and Transactions Take Test: Accounting Cycle Project 2 Step II Instructions and Transactions Test Information Description The project includes 9 required items. Complete required items 1 9 by entering the appropriate accounting information in your template.Please use your team name as the name of the company for the purpose of completing titles in your excel documents. After completing items 1 9 save your final template using the following name format: ACCT_Project_2Team_Name. Record your answers to fill in the blank questions under items 5, 8, and 9 using the information from your template. Submit the completed excel file as an attachment in the link under step III. Click Continue/Begin to start. Instructions Multiple Attempts Not allowed. This test can only be taken once. Force This test can be saved and resumed later. Completion Question Completion Status: Save All Answers Save and Submit 200 points Question 1 Save Answer The following information is given at the beginning of December. Debit Credit Cash Accounts receivables Allowance for uncollectible accounts Inventory (1,300 units at $8) $69,000 $24,000 $10,400 $8,500 Accounts payable Common stock Retained earnings Total $103,400 $26,300 $45,000 $23,600 $103,400 Required: #1 Enter the beginning balance for each account in the Taccounts (General Ledger) tab in the excel template le "Accounting Cycle Project 2 Excel Template.xlsx". Required: #2. Prepare journal entries to record the December transactions in the General Journal Tab in the excel template le "Accounting Cycle Project 2 Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts receivable, Allowance for uncollectible accounts, Inventory, Notes receivables, Interest receivables, Equipment, Accumulated depreciation, Accounts payable, Common stock, Retained earnings, Sales revenue, Interest revenue, Cost of goods sold, Depreciation expense, Bad debt expense, Income tax expense. https://dcccd.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_580012_1&course_id=_119683_1&content_id=_8232134_1&step=null 1/3 11/3/2016 Take Test: Accounting Cycle Project 2 Step II - Instructions ... Dec. 1. Dec. 1. Dec. 6. Dec 12. Dec 20. Used cash to purchase equipment at a purchase price of $13,400, plus tax $300, plus shipping $700. Lend $10,000 to an employee by receiving a note for six months at annual interest rate of 12% due at the maturity date. Purchase 4,100 units of inventory on account at $11.5 per unit for a total cost of $47150. Assuming the perpetual method is used, the company sold 3,200 units at $23 each on account, terms 2/10, n/30. Calculate the cost of goods sold using the FIFO method and record the appropriate journal entries for the sale and the cost of the sale. (Hint: Make sure to consider the beginning inventory balance from the beginning trial balance) Paid $21,000 to suppliers for purchases made on account in the prior month. Dec 23. Received cash of $17,500 for sales of inventory made on account on December 12. Dec 28. Writeo $3,100 of accounts receivables using the allowance method. Dec 30. Paid $5,000 for income tax for the month of December. Required: #3. Post all of the December transactions from the \"General Journal\" tab to the Taccounts under the \"T Accounts (General Ledger)\" tab in the excel template le "Accounting Cycle project 2 Excel Template.xlsx". Make sure to include beginning balances for accounts where necessary. Required: #4. Compute the balances for each Taccount after all of the entries have been posted. These are the unadjusted balance as of December 31. Required: #5. Prepare the unadjusted trial balance under the \"Unadjusted Trial Balance\" tab in the excel template le "Accounting Cycle project 2 Excel Template.xlsx" . Provide the total of the debit column from the Unadjusted trial balance Required: #6. Record the following four transactions as adjusting entries under the \"General Journal\" tab. Dec 31. The company estimates 20% of the ending balance of accounts receivables is not going to be collected. (Hint: Remember to consider the balance in the allowance for uncollectibe account, if any.) Dec 31. Record December's adjustment to accrue interest for the notes receivables. Dec 31. The company uses the lower of cost or market method for inventory valuation. The market value of the inventory is $9.5 per unit. Make the adjusting entry if necessary. Dec 31. Calculate depreciation using Straight line method. The equipment purchased has a useful life of 72 months and no residual value. Record the depreciation for the month of December. Required: #7. Post all of the adjusting entries to the Taccounts under the \"TAccounts (General Ledger)\" tab. Compute the balance for each Taccount after all of the adjusting entries have been posted. These are the adjusted balance as of December 31. Required: #8. Prepare the adjusted trial balance under the \"Adjusted Trial Balance\" tab as of December 31 in the excel template le "Accounting Cycle project 2 Excel Template.xlsx" . Provide the following accounts balances from the Adjusted Trial Balance: (Please enter all amounts as a postive number. No brackets.) Cash Accounts receivable Allowance for uncollectible accounts Inventory Notes receivable Interest receivables Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Interest revenue Cost of goods sold Bad debt expense Depreciation expense Income tax expense Required: #9. Prepare the Multistep Income Statement, Statement of Stockholder's Equity, and Classied Balance Sheet under the \"Financial Statements\" tab for the month ended December 31, 20XX in the excel template le "Accounting Cycle project 2 Excel Template.xlsx". Provide the following amount from the Multistep Income Statement: Net sales Gross prot Operating income Nonoperating revenue Income before income taxes Net income https://dcccd.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_580012_1&course_id=_119683_1&content_id=_8232134_1&step=null 2/3 11/3/2016 Take Test: Accounting Cycle Project 2 Step II - Instructions ... Net income Provide the following amount from the Classied Balance sheet: Current assets Net accounts receivables (Net realizable value) Longterm assets (Book value) Total liabilities Total stockholder's equity Check point: Total assets $142,900 Save and Submit Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit https://dcccd.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_580012_1&course_id=_119683_1&content_id=_8232134_1&step=null 3/3