Hi this is for my accounting class, if someone can help me it would be very helpful, thanks!

Part One Instructions Record the January 2021 transactions, journal entries, in an Excel Spreadsheet. An example of an Excel spreadsheet follows the transactions below. No explanation is required for the journal entries. Instead of recording the names of the accounts use the corresponding account numbers in the chart of accounts. Prepare the journal entries as shown in an Excel Spreadsheet following the transactions below. Once you have written all the journal entries in the Excel Spreadsheet you will use the spreadsheet to enter the information into Blackboard for a grade. Once you are finished entering the journal entries into Blackboard you will upload your Excel Spreadsheet into Blackboard. Here are the instructions to turn in the documents for each part of the practice set: Step 1: Write the journal entries in an Excel spreadsheet or Word document Step 2: Use the Excel spreadsheet or Word document to answer the questions in Blackboard in the content folder in the corresponding week. Step 3: Once you complete entering information click on the "Practice Set" tab on the navigation pane Step 4: When it opens, click on the corresponding assignment of the practice set Step 5. Once the assignment opens, scroll down and click on "Browse Local Files" Step 6: When you are done uploading the files, scroll down and click on the "Submit" button Transactions Date Deposit No. Check No. Description 1. 1/02/2021 2. 1/02/2021 Deposit #1 Ms. Blade met with her lawyer and CPA for advice on starting the business. The lawyer told Ms. Blade to register the company name Rockin' Roller Blades with the County of El Paso. In addition, Ms. Blade will get an employer identification number (EIN) from the Internal Revenue Service and get a sales tax permit from the state of Texas. Ms. Blade opened a business checking account at Western Bank by depositing $36,000. The corporation issued her a stock certificate for 9,000 shares of common stock with no par value. Ms. Blade signed a one-year rental. She was required to pay $12,000 for rent for the months of January 1, 2021 April 30, 2021 Arranged for a general business liability insurance policy and paid $6,000 to State Penn Insurance. This premium is for twelve months coverage. Signed a note payable to borrow $20,000 from Western Bank. Interest is 10% annually and the note is to be repaid with interest in twelve months. {Interest will be calculated and shown as an adjusting journal entry) Purchased Office Supplies $2.800 on account 3. 1/03/2021 Ck #1001 4. 1/03/2021 Ck #1002 5. 1/03/2021 Deposit #2 6. 1/05/2021 7. 1/05/2021 8. 9. 1/05/2021 Ck #1003 1/06/2021 Ck #1004 Purchased metal shelving on account for $3,000. It will be depreciated over 5 years using straight-line depreciation and it will have $500 of salvage value at the end of 5 years. Depreciation will be calculated at the end of the month and in the adjusting journal entries. Purchased Shipping Supplies $1,000 Purchased land for a future building site $75,000; paying $10,000 in cash and giving a note payable from Western Bank for the remainder. The bank note will carry 10% interest and will be repaid in 9 months. The first month of interest will be paid in the adjusting journal entries at the end of the month Purchased a new computer system that cost $6,255 from Computer Inc. for use in the business. Ms. Blade signed a 6 month, 10% note payable for the cost of the system. The computer system has an estimated useful life of five years the residual (salvage) value is $400. This will be recorded as Computer Equipment. Depreciation and interest will be an adjusting Journal entry using straight-line depreciation to be repaid with interest in twelve months and will be done at the end of the month, 10. 1/06/2021 11 1/08/2021 Ck #1005 Arranged for Move West to make the delivery of the computer system and paid the delivery charge of $550. This charge should be added to the cost of the computer equipment purchased and depreciated on the same basis as the computer equipment. The depreciation will be calculated in the adjusting journal entries at the end of the month. 12. 1/08/2021 13. 1/09/2021 14. 1/13/2021 Ck #1006 15. 1/14/2021 Ck #1007 16. 1/14/2021 17. 1/14/2021 Deposit #3 Purchased 230 merchandise inventory-orange roller blades for $6,900 on account. The vendor did not extend credit terms. Purchased 250 merchandise inventory-black roller blades for $7,500 of on account. There were no credit terms for prompt payment. Ms. Blade received and paid the $1,000 charge from her lawyer. Purchased a used truck for 11,000 using cash. The truck will be depreciated over 2 years. The depreciation will be straight-line and will be an adjusting journal entry at the end of the month. Rockin' Roller Blades is now open for business. Sold merchandise for $19,800 cash. Sales Tax was $1,633.50. The cost of the Roller Blades is $9,900; the cost of the Orange Roller Blades is $3,900. Part of this sale must be delivered to the customer. The merchandise will be shipped FOB destination. Paid $225 to ship the merchandise. Purchased additional orange roller blades on account for $6,000. Credit terms were 2/15, n/30. Assume credit terms will be used. Purchased additional black roller blades on account for $11,500. Credit terms were 1/15, n/30. Assume credit terms will be used. 18. 1/16/2021 Ck #1008 19. 1/16/2021 20. 1/17/2021 21. 1/20/2021 Deposit #4 22. 1/22/2021 Ck #1009 23. 1/23/2021 24. 1/26/2021 Ck #1010 25. 1/27/2021 Deposit #5 Recorded cash sales that totaled $15,000. Sales tax is $1,237.50. The cost of merchandise sold was $7,500 (orange blades were $3,750; black blades were $3,750). Ms. Blade signed up for a Roller Blade Exhibition. She paid the registration fee of $250. Ms. Blade participated in a roller blade exhibition held at the convention center sponsored by the Chamber of Commerce. She felt this was a good way to publicize her new business. The cost to participate was $800 and she considers this an Advertising expense and paid on account. Paid for the roller blades purchased on 1/09/2021. Ms. Blade recorded cash sales totaling $10,500. Sales tax is $866.25. The cost of the merchandise sold was $5,250 (orange blades $2,250, black blades $3,000) Paid the Advertising expense billed on account in transaction #23 Paid the balance due for the roller blades. There are three invoices American Express sent a bill for $235 for gasoline expense and the bill was paid Received but did not pay the utility bill for the month. $445. Paid the first monthly installment on the computer equipment. $52.13 is for interest and $1,042.50 is for principal 26. 27 28 1/27/2021 Ck # 1011 1/27/2021 CK #1012 1/30/2021 ck #1013 29. 30. 1/30/2021 1/30/2021 Ck 1014 31. 1/30/2021 Deposit #6 Recorded sales made for the last week of the month. Sales tax is $891. Total cash sales were $10,800. The cost of the merchandise sold was $5,400 (orange blades $1,650; black blades $3,750). Paid the sales tax to the proper taxing authority Declared and paid a cash dividend of $200 to Ms. Blade. 32. 1/31/2021 Ck #1015 33. 1/31/2021 Ck #1016 Blackboard Instructions: When preparing the Excel Spreadsheet below do NOT include a transaction number column. In Blackboard you will only see one box to enter the information and there will not be Dr, Account No., Dollar Amount, Cr, Account No., Dollar Amount. You will only see one box and you will enter the journal entry into the box on one row and it will go to the next row by itself. Put one space in between each one as shown here. It will ask the question what is the journal entry for transaction #1, #2, #3 etc. and you would enter the journal entry as shown here. This is how it will look in Blackboard. Dr 10000 $35,000.00 Cr 39003 $35,000.00 Dr 11000 $10,500.00 Cr23300 $500.00 Cr 40000 $10,000.00 Dr 50000 $5,000.00 Cr 12000 $2,500.00 Cr 12100 $2,500.00 NO JE Entering the information into an Excel Spreadsheet can be done with or without the gridlines as shown below. Using the information above Example #1 is where there is one debit and one credit. Example #2 shows you how to enter a Sale and the COGS and Inventory amount. *Notice how the smaller account number is entered first when there is more than one debit or credit. (Account number 23300 is smaller than account number 40000 when both are credits and the same for 12000 and 12100.) Also notice that the sale transaction takes two lines and must be entered into BB exactly as specified below. Example #3 shows what to do if there is No Journal Entry. You can enter the transaction # in the Excel spreadsheet to help you but DO NOT enter the transaction number into the journal entry when entering the information into Blackboard or it will be counted wrong. 1. Dr 10000 $35,000.00 Cr 39003 $35,000.00 2. Dr 11000 $10,500.00 Cr 23000 $500.00 Cr 40000 $10,000.00 Dr 50000 $5,000.00 CH 12000 $2,500.00 CE 12100|52,500.00 3 NO JE Blackboard Examples and Explanations: When entering in the journal entries into Blackboard please follow the examples below exactly 1. There will be a box where you will enter each transaction on one line. First the debit and then the credit. Do NOT enter any account names only account numbers. Use Dr for Debit and Cr for Credit with no period. Also please put the cents even if it is zero. See example below: Dr 10000 $50,000.00 Cr 39003 $50,000.00 Notice that the account numbers do NOT have commas and the dollar amounts have commas and dollar signs and all dollar amounts have the cents even if it is zero. 2. If there is more than one debit or credit enter the debits first with the smallest account number(s) listed first and then the credits with the smallest account number listed first. Make sure that you enter Dr or Cr before each account numbensee example below Dr 12000 $8,000.00 Cr 10000 $ 1.000,00 C 20000 $7000.00 3. For all sales, list the Sale entry first then the cost of Goods Sold entry second. The entire entry for both should be on one line. First the sale, as shown below, then the cost of the inventory. Again, put the smallest account number first, Dr 10000 $30,000.00 Cr 23300 $500.00 Cr 40000 $29,000.00 Dr 50000 $15,000.00 Cr 12000 $8,000.00 Cr 12100 $7,000.00. Both entries should all be on one line. 4. If there is no journal entry and you only need to put in a number, please enter the amount as the dollar amount or as a number as the example below, $15,000.00 or 15.000 5. When entering the ending balances for the T-Accounts enter the debit or credit first and the amount last. You do not need to enter the account number. See example below Dr $10,000.00 or Cr $10,000.00 6. If there is no journal entry to be written, please write No JE for no joumal entry. See below for example, NO JE