i am so list on how to post this to all the right journals so my financial statements are correct.

Accounting Cycle Project SP22 Roadrunner Bookstore uses the perpetual inventory system. Roadrunner Bookstore is owned by Tina Smith. The company had the following transactions for the month of November Nov 1 Tina Smith invested $80,000 cash and Equipment worth $15,000 in Roadrunner Bookstore. Nov 2 Roadrunner Bookstore rented a portion of their warehouse to Davis Consulting for $4,000 per month. Davis paid Roadrunner Bookstore three months of rent in advance. Nov 3 Purchased $60,000 of merchandise inventory on credit, Invoice #123 dated Nov 2 from Cengage, terms 2/20, n/30. Nov Sold merchandise to Rowan University for $20,000 on credit, terms 2/10. n/45. Invoice no. 345. Cost of the merchandise sold is $10,000. Nov 7 Issued check #210 payable to Cash to establish a petty cash fund in the amount of $500. Nov 9 Purchased additional equipment totaling $8,000 on credit from Great Buy, terms 2/10, n/30, Invoice #467 dated Nov 9. Nov 11 Sold merchandise to Rutgers University for $10,000 with terms 2/10, n/45. Invoice no. 346. Cost of the merchandise sold is $5,000. ov 13 The cash register's record shows $7,000 at the end of the shift, but the count of cash in the register is $7.010. Cost of the merchandise sold is $3,000. Prepare the journal entry to record the day's cash sales. DV 15 Rowan University paid the balance due from the sale on Nov 5. OV 17 Sold merchandise to Rowan University for $15,000, terms 2/10, n/45. Invoice No. 347. Cost of the merchandise sold is $10,000. ov 18 Roadrunner Bookstore signed a short-term note payable in the amount of $20,000 with an interest rate of 6% due in 90 days. ov 21 Issued check #211 to Cengage for the purchase recorded on Nov 3rd. ov 23 Issued check #212 made payable to you, the company accountant, for your salary totaling $5,000. Hov 24 The cash balance in the petty cash drawer is $25. Receipts in the drawer show $150 for Postage Expense, $100 for Transportation in $200 for delivery expenses, and $30 for office supplies expenses. Replenish petty cash using check #213 made payable to Cash. Nov 25 Received $6,000 payment from Rutgers University towards the Nov 11 sale. Nov 27 Issued check #214 made payable to Tina Smith for $6,000 for personal use. Nov 29 Issued check #215 for $5,000 payable to Hartford Property Management for November Rent. Chapter 7 and Special Journals 1.) Read transaction and decide which journal to record ft transaction is posted in a special Journal you DO NOT need to record it in the general journal) 2.) Make sure after each transaction that debits = credits on each line of the special journals or that debits = credits for each journal entry recorded in the General Journal 3.) Does the entry need to get posted to a subsidiary ledger? If the transaction is affecting: a. Accounts Receivable or b. Accounts Payable It does need to be posted to the appropriate ledger. 4.) Remember Posting References (PR): 1. Special Journals (EXAMPLES) a.Sales Journal page 3 = 53 b. Purchases Journal page 2 - P2 c. Cash Receipts Journal page 8 = R8 d. Cash Disbursements Journal page 5 - D5 II. The above codes are used in the GL Accounts and the subsidiary ledgers under the PR column. III. of posting to a subsidiary ledger from a special journal use a in the special Journal PR column If cash sales are posted to the cash receipts journal use an X in the PR column because there is no need to post anything now. That will happen at the end of the month 5.) Any transactions that get posted to the "Other Accounts" column in a special journal or a in the General Journal as a journal entry need to be posted to the General Ledger (GL) a Accounts right away. 6.) The totals in the marked columns (Accounts Receivable, Sales, Cost of Good Sold, etc.) of the Special Journals get posted at the end of the month to the GL Accounts and posting references need to be put in the Special Journals under the column total 7.) Remember in the GL Accounts that when you keep track of balances in each account and it has a normal debit balance, when you debit that account you will add the numbers to get the new balance. If you are crediting that account, you will subtract the number from the current balance. 8.) If the GL account has a normal debit balance with no beginning balance and you have to credit that account, the amount will be negative and should be shown as (2,000). If your next transaction is a debit, you will need to subtract those numbers. Ex: (2,000) balance and a debit for 3,000 would leave a balance of 1,000. IV. LALA AUCOUP Roadrunner Bookstore uses the following Special Journals: Sales, Purchases, Cash Receipts, and Cash Disbursements. 1.) Record the above transactions to the appropriate Journal and post as necessary to the Subsidiary Ledgers and General Ledger Accounts. Make sure to foot and cross foot totals at month-end. 2.) Complete the unadjusted trial balance columns on the worksheet for Roadrunner Bookstore as of November 30, 2021, and the Schedules of Accounts Receivable and Accounts Payable. Roadrunner Bookstore must consider the following for adjusting entry purposes: a) A utility bill was received totaling $500 that will be paid in December b) Depreciation on the Equipment for the month totaled $250. c) November rent from Davis Consulting has been earned d) Interest on the short-term note through Nov 30th has accrued but has not been paid. (Round to a whole number) e) Salaries have accrued in the amount of $300 per day for six days. 1) A count of inventory showed remaining inventory had a cost of $30,000. 9) Bad debt is estimated to be .5% of total net credit sales. Prepare adjusting entries and post to the General Ledger Accounts. Post adjusting entries to the adjustments column on the worksheet and prepare the adjusted trial balance columns. Complete the remaining columns on the worksheet. Prepare Financial Statements, including a Classified Balance Sheet, for Roadrunner Bookstore considering the following: Depreciation Expense, Delivery Expense, Bad Debts Expenses, and Cash Overages are selling expenses Postage and Utilities Expenses are general and administrative expenses Salaries Expense and Rent Expense are split between selling and general and administrative expenses. Prepare Closing Entries for Roadrunner Bookstore. Prepare Post Closing Trial Balance for Roadrunner Bookstore. Complete the Online Quiz for the Accounting Project in eLearning. 1 Sales lournal G PA Date 5.Nov 11. NON 17 NOV Account Debited Rowan University Rutgers University Rowan University Invoice Number 345 345 347 2 3 4 5 6 7 B 9 10 TERMS 2/10, 1/45 2/10 1/45 2/10.1145 Accounts Receivable Sales Or 20,000 10,000 15.000 Cost of Goods Sold Dr. Inventory Cr. 10,000 5.000 10.000 Purchases Journal Pere1 Account PR Date 3-Nov 9-Nov Date of Invoice Nov-22 Nov 22 Cangace Great Buy Accounts Payable 60,000 8,000 Other Accounts av TERMS 2/20. n/30 2/10, 1/30 Inventory Dr. 60.000 8.000 11 12 13 14 15 16 12 18 19 Cash Receipts Journal Accounts Receivable PR Date 15-Nov 25-Nov Account Credited Explanation Accounts ReceivabRowan University Accounts Receivable Rutgers University 20 21 22 23 24 5 Sales Discount Dr. 400 Sales Cr Cash Dr. 19,600 9.800 Page 1 Cost of Good Other Sold Dr. Accounts Cr. Inventory 10,000 5,000 20,000 10.000 200 Accounting Cycle Project SP22 Roadrunner Bookstore uses the perpetual inventory system. Roadrunner Bookstore is owned by Tina Smith. The company had the following transactions for the month of November Nov 1 Tina Smith invested $80,000 cash and Equipment worth $15,000 in Roadrunner Bookstore. Nov 2 Roadrunner Bookstore rented a portion of their warehouse to Davis Consulting for $4,000 per month. Davis paid Roadrunner Bookstore three months of rent in advance. Nov 3 Purchased $60,000 of merchandise inventory on credit, Invoice #123 dated Nov 2 from Cengage, terms 2/20, n/30. Nov Sold merchandise to Rowan University for $20,000 on credit, terms 2/10. n/45. Invoice no. 345. Cost of the merchandise sold is $10,000. Nov 7 Issued check #210 payable to Cash to establish a petty cash fund in the amount of $500. Nov 9 Purchased additional equipment totaling $8,000 on credit from Great Buy, terms 2/10, n/30, Invoice #467 dated Nov 9. Nov 11 Sold merchandise to Rutgers University for $10,000 with terms 2/10, n/45. Invoice no. 346. Cost of the merchandise sold is $5,000. ov 13 The cash register's record shows $7,000 at the end of the shift, but the count of cash in the register is $7.010. Cost of the merchandise sold is $3,000. Prepare the journal entry to record the day's cash sales. DV 15 Rowan University paid the balance due from the sale on Nov 5. OV 17 Sold merchandise to Rowan University for $15,000, terms 2/10, n/45. Invoice No. 347. Cost of the merchandise sold is $10,000. ov 18 Roadrunner Bookstore signed a short-term note payable in the amount of $20,000 with an interest rate of 6% due in 90 days. ov 21 Issued check #211 to Cengage for the purchase recorded on Nov 3rd. ov 23 Issued check #212 made payable to you, the company accountant, for your salary totaling $5,000. Hov 24 The cash balance in the petty cash drawer is $25. Receipts in the drawer show $150 for Postage Expense, $100 for Transportation in $200 for delivery expenses, and $30 for office supplies expenses. Replenish petty cash using check #213 made payable to Cash. Nov 25 Received $6,000 payment from Rutgers University towards the Nov 11 sale. Nov 27 Issued check #214 made payable to Tina Smith for $6,000 for personal use. Nov 29 Issued check #215 for $5,000 payable to Hartford Property Management for November Rent. Chapter 7 and Special Journals 1.) Read transaction and decide which journal to record ft transaction is posted in a special Journal you DO NOT need to record it in the general journal) 2.) Make sure after each transaction that debits = credits on each line of the special journals or that debits = credits for each journal entry recorded in the General Journal 3.) Does the entry need to get posted to a subsidiary ledger? If the transaction is affecting: a. Accounts Receivable or b. Accounts Payable It does need to be posted to the appropriate ledger. 4.) Remember Posting References (PR): 1. Special Journals (EXAMPLES) a.Sales Journal page 3 = 53 b. Purchases Journal page 2 - P2 c. Cash Receipts Journal page 8 = R8 d. Cash Disbursements Journal page 5 - D5 II. The above codes are used in the GL Accounts and the subsidiary ledgers under the PR column. III. of posting to a subsidiary ledger from a special journal use a in the special Journal PR column If cash sales are posted to the cash receipts journal use an X in the PR column because there is no need to post anything now. That will happen at the end of the month 5.) Any transactions that get posted to the "Other Accounts" column in a special journal or a in the General Journal as a journal entry need to be posted to the General Ledger (GL) a Accounts right away. 6.) The totals in the marked columns (Accounts Receivable, Sales, Cost of Good Sold, etc.) of the Special Journals get posted at the end of the month to the GL Accounts and posting references need to be put in the Special Journals under the column total 7.) Remember in the GL Accounts that when you keep track of balances in each account and it has a normal debit balance, when you debit that account you will add the numbers to get the new balance. If you are crediting that account, you will subtract the number from the current balance. 8.) If the GL account has a normal debit balance with no beginning balance and you have to credit that account, the amount will be negative and should be shown as (2,000). If your next transaction is a debit, you will need to subtract those numbers. Ex: (2,000) balance and a debit for 3,000 would leave a balance of 1,000. IV. LALA AUCOUP Roadrunner Bookstore uses the following Special Journals: Sales, Purchases, Cash Receipts, and Cash Disbursements. 1.) Record the above transactions to the appropriate Journal and post as necessary to the Subsidiary Ledgers and General Ledger Accounts. Make sure to foot and cross foot totals at month-end. 2.) Complete the unadjusted trial balance columns on the worksheet for Roadrunner Bookstore as of November 30, 2021, and the Schedules of Accounts Receivable and Accounts Payable. Roadrunner Bookstore must consider the following for adjusting entry purposes: a) A utility bill was received totaling $500 that will be paid in December b) Depreciation on the Equipment for the month totaled $250. c) November rent from Davis Consulting has been earned d) Interest on the short-term note through Nov 30th has accrued but has not been paid. (Round to a whole number) e) Salaries have accrued in the amount of $300 per day for six days. 1) A count of inventory showed remaining inventory had a cost of $30,000. 9) Bad debt is estimated to be .5% of total net credit sales. Prepare adjusting entries and post to the General Ledger Accounts. Post adjusting entries to the adjustments column on the worksheet and prepare the adjusted trial balance columns. Complete the remaining columns on the worksheet. Prepare Financial Statements, including a Classified Balance Sheet, for Roadrunner Bookstore considering the following: Depreciation Expense, Delivery Expense, Bad Debts Expenses, and Cash Overages are selling expenses Postage and Utilities Expenses are general and administrative expenses Salaries Expense and Rent Expense are split between selling and general and administrative expenses. Prepare Closing Entries for Roadrunner Bookstore. Prepare Post Closing Trial Balance for Roadrunner Bookstore. Complete the Online Quiz for the Accounting Project in eLearning. 1 Sales lournal G PA Date 5.Nov 11. NON 17 NOV Account Debited Rowan University Rutgers University Rowan University Invoice Number 345 345 347 2 3 4 5 6 7 B 9 10 TERMS 2/10, 1/45 2/10 1/45 2/10.1145 Accounts Receivable Sales Or 20,000 10,000 15.000 Cost of Goods Sold Dr. Inventory Cr. 10,000 5.000 10.000 Purchases Journal Pere1 Account PR Date 3-Nov 9-Nov Date of Invoice Nov-22 Nov 22 Cangace Great Buy Accounts Payable 60,000 8,000 Other Accounts av TERMS 2/20. n/30 2/10, 1/30 Inventory Dr. 60.000 8.000 11 12 13 14 15 16 12 18 19 Cash Receipts Journal Accounts Receivable PR Date 15-Nov 25-Nov Account Credited Explanation Accounts ReceivabRowan University Accounts Receivable Rutgers University 20 21 22 23 24 5 Sales Discount Dr. 400 Sales Cr Cash Dr. 19,600 9.800 Page 1 Cost of Good Other Sold Dr. Accounts Cr. Inventory 10,000 5,000 20,000 10.000 200