I Need help figuring out the closing entries the trial balance and the financials. I already have done the Journal entries

1 Adeniyi Flooring Project Due: November 30 at midnight in drop box in D2L (Excel spreadsheet) Instructions: Complete afl tronsactions in the Excel template A Jounalize and past normal monthly transactions for December 2018 C. D. E 8 Prepare unadjusted trial balance Journalize and post adjusting entries Prepare adjusted trial balance Prepare multi-step income statement,statement af retained earnings, F. G, and classified balance sheet in Worksheet #4. Journalize and past clasing entries. Prepare post dosing trial balance. 14 A. Adeniyi Flooring . Normal journal entries for the month of December, 2018: 15 Record the IE's in worksheet #3 and then to worksheet #2 and total in Column F &6. 14 1 12/1 Paid rent expense of $5,000 for December 12/1 12/3 Took out long term bank note for $100,000 with an interest rate of 12%. Purchased $400,000 of inventory terms 2/10 net 30 2 12/8 Sold equipment with original cost of $40,000 and accumulated depreciation of $15,000 for $12,000 1 12/9 Purchased building far $20,000 cash 2212/10 Sold inventory on account for $400,000 2/10 net 30 with a cost of $200,000 12/11 Paid for inventory purchased December 3 2412/12 Paid postage 5350, Miscellaneous $400, Entertainment $175 in cash 2 12/18 Wrote aff uncollectible accounts $15,000 2 12/19 Received payment for salle on December 10 12/31 Declared and paid cash dividend of $0.50 per share. 12/31 Paid wages and salaries of $10,000. 2 C. Adjusting Journal Entries 32 Record the AE's in worksheet #3 and then to worksheet #2 and total in Column L & M, as you dd in the first part above. Record interest due an the nate payable received on December 1 Depreciation expense for the month is 53,000 for buildine and $1,800 for Accrue sales for goods sold for $25,000 witha cost of $10,000. Insurance expense for the month of December is $400 Unearned revenue of $12,000 with a cost of $8,000 was earned during the month Ending office supplies inventory $4,200. Allowance for bad debts is 3 percent of net sales rounded to the nearest dollar 3. 37 4 3s 5. 1E Prepare financial statements for Adenigi Fleorint 2018 Adeniyi Rleoring Income Statement For the yearended Dec 31, 2018 Grees Pran Adeniyi Fleoring Statement of Retained Earnings for the yearended Dec 31, 2018 Check Figures Adeniyi Flooring Accounts Receivable Cost of Goods Sold Assets Cash Net Sales Net Income Adjusted Trial Balance 313,000 749,350 1,643,043 117,075 1,248,720 228,013 2,927,612 $ Principles of Accounting Comprehensive Problem AdenTyI FIoog November 2018 Trial Balance DR CR 303,000 Alowance for BadDebts 25.,000 T9,00D 45.60 458,0IO 125,000 167,230 24.000 CIOIO 251,000 251,000 Longlerm mvesmens Prepaid Insurance Offce Sippies Accounts Payable Notes Payable 5,800 184.30 50.,00O 840000 InterestPayable Commn Stock (t5Par) Paiiin Caplin Excess of Par Vaue 40,000 205,130 829,720 Sales Retrms&Alowances Sales DiscouIS 10000 BadDebtExpense Cost of Goods So 531,350 10000 5,600 6,0O 1,670 rtrrestExpense Postage Expense KentFxpense Ofice Sippies Expense UtTty Expense Wages & Salaies Expense 67400 11,000 94,800 Totals