I need help with part 5

I add the photos of the parts passed in case they are necessary

Thank you for your help

Part Five Instructions Before preparing the Financial Statements make sure all the assignments have been corrected in your spreadsheets. Prepare the Financial Statements listed below. a. Adjusted Trial Balance b. Income Statement c. Statement of Retained Earnings d. Balance sheet Once you finish the Financial Statements follow the instructions below: Step 1: Take the corrected balances in each account and prepare the Financial Statements listed above. Step 2: Use the Excel spreadsheet or Word document to answer the questions in Blackboard in the content folder in the corresponding week. Chart of Accounts Numbering System 1xxxx 15xxx 17xxx 2xxxx 27xxx Current Asset Property, Plant & Equipment Accumulated Depreciation Current Liabilities Long-term Liabilities Stockholders' Equity Revenues Cost of Goods Sold Operating Expenses 39xxx 4xxxx 5xxxx 6xxxx Below is the Chart of Accounts that will be used in the journal entries. Use the account numbers listed below. Chart of Accounts Current Assets 10000 Cash 11000 Accounts Receivable 12000 Inventory - Orange Roller Blades 12100 Inventory - Black Roller Blades 13100 Office Supplies 13200 Shipping Supplies 14000 Prepaid Rent 14100 Prepaid Insurance Current Liabilities 20000 Accounts Payable 23100 Wages Payable 23200 Interest Payable 23300 Sales Tax Payable 23400 Utility Payable 27000 Note Payable-Western 27100 Note Payable-Computer, Inc. Stockholders' Equity 39003 Common Stock 39005 Retained Earnings 39007 Dividends Long-Term Assets 15000 Metal Shelves 17000 Accumulated Depreciation - Metal Shelves 15100 Land 15200 Computer Equipment 17200 Accumulated Depreciation - Computer Equipment 15300 Truck 17300 Accumulated Depreciation - Truck Revenue 40000 Sales Expenses 50000 60100 60150 60200 60300 60350 60400 60450 60500 60550 Cost of Goods Sold Legal Expense Office Supplies Expense Shipping Supplies Expense Insurance Expense Wage Expense Credit Card Expense Delivery Expense Advertising and Promotion Expense Utility Expense 60600 60650 60700 60750 60800 60850 Rent Expense Depreciation Expense Interest Expense Bank Service Fee Gasoline Expense Registration Fee 2. Transactions Date Deposit No. Description / Check No. 1. 1/02/2021 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. 1/02/2021 Deposit #1 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. 3. 1/03/2021 Ck #1001 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. 4. 1/03/2021 Ck #1002 Arranged for a general business liability insurance policy and paid $6,000 to State Penn Insurance. This premium is for twelve months coverage. 5. 1/03/2021 Deposit #2 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) 6. 1/05/2021 Purchased Office Supplies $2,800 on account 7. 1/05/2021 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. 8. 1/05/2021 Ck #1003 Purchased Shipping Supplies $1,000 9. 1/06/2021 Ck #1004 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. 10. 1/06/2021 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. 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 Purchased 230 merchandise inventory-orange roller blades for $6,900 on account. The vendor did not extend credit terms. 13. 1/09/2021 Purchased 250 merchandise inventory-black roller blades for $7,500 of on account. There were no credit terms for prompt payment. 14. 1/13/2021 Ck #1006 Ms. Blade received and paid the $1,000 charge from her lawyer. 15. 1/14/2021 Ck #1007 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. 16. 1/14/2021 Rockin' Roller Blades is now open for business. 17. 1/14/2021 Deposit #3 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. 18. 1/16/2021 Ck #1008 Paid $225 to ship the merchandise. 19. 1/16/2021 Purchased additional orange roller blades on account for $6,000. Credit terms were 2/15, n/30. Assume credit terms will be used. 20. 1/17/2021 Purchased additional black roller blades on account for $11,500. Credit terms were 1/15, n/30. Assume credit terms will be used. 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. 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. 26. 1/27/2021 Ck # 1011 27. 1/27/2021 Ck #1012 28. 1/30/2021 Ck #1013 29. 1/30/2021 30. 1/30/2021 Ck #1014 31. 1/30/2021 Deposit #6 32. 1/31/2021 Ck #1015 33. 1/31/2021 Ck #1016 Dr Journal entries 1. No Je 2. 10000 $36,000.00 Cr 39003 $36,000.00 3. Dr 14000 $12,000.00 Cr 10000 $12,000.00 Dr 14100 $6,000.00 Cr 10000 $6,000.00 5. Dr 10000 $20,000.00 Cr 27000 $20,000.00 2 3. 4. 6. Dr 13100 $2,800.00 Cr 20000 $2,800.00 7. Dr 8. Dr 15000 $3,000.00 Cr 20000 $3,000.00 13200 $1,000.00 Cr 10000 $1,000.00 15100 $75,000.00 Cr 10000 $10,000.00 Cr 27000 15200 $6,255.00 Cr 27100 $6255.00 9. Dr $65,000.00 10. Dr 11. Dr 15200 $550.00 Cr 10000 $550.00 Cr 20000 $6,900.00 12. Dr | 12000 $6,900.00 12100 $7,500.00 13. Dr Cr 20000 $7,500.00 14. Dr 60100 $1,000.00 Cr 10000 $1,000.00 15300 $11,000.00 Cr 10000 $11,000.00 15. Dr 16. NO JE 17. Dr Cr 40000 $19,800.00 Dr Cr 12100 $6,000.00 10000 $21,433.50 Cr23300 $1,633.50 50000 $9,900.00 Cr 12000 $3,900.00 60450 $225.00 Cr 10000 $225.00 12000 $5,880.00 Cr 20000 $5,880.00 18. Dr 19. Dr 20. Dr 12100 $11,385.00 Cr 20000 $11,385.00 21. Dr 10000 $16,237.50 Cr 23300 $1,237.50 Cr 40000 $15,000 Dr 50000 $7,500.00 Cr 12000 $3,750.00 Cr 12100 $3750.00 22. Dr 60850 $250.00 Cr 10000 $250.00 23. Dr 60500 $800.00 Cr 20000 $800.00 24. Dr 20000 $7,500.00 Cr 10000 $7,500.00 25. Dr 10000 $11,366.25 Cr 40000 $10,500.00 Cr 23300 866.25 Dr 50000 $5,250.00 Cr 12000 $2250.00 Cr 12100 $3,000.00 26. Dr 20000 $800.00 Cr 10000 $800.00 27. Dr 20000 $24,165.00 Cr 10000 $24,165.00 28. Dr 60800 $235.00 Cr 10000 $235.00 29. Dr 60550 $445.00 Cr 23400 $445.00 30. Dr 27100 $1,042.50 Cr 60700 $52.13 Cr 10000 $1,094.63 31. Dr 10000 $11,691.00 Cr 40000 $10,800.00 Cr 23300 $891.00 Dr 50000 $5,400.00 Cr 12000 $1,650.00 Cr 12100 $3,750.00 32. Dr 23300 $4628.25 Cr 10000 $4628.25 33. Dr 39007 $200.00 Cr 10000 $200.00 ADJUSTING JOURNAL ENTRIES 1 Dr 60150 $2,650.00 Cr 13100 $2,650.00 2 Dr 60200 $800.00 Cr 13200 $800.00 3 Dr 60350 $2,300.00 Cr 23100 $2,300.00 4 Dr 60650 $106.75 Cr 17200 $106.75 5 Dr 60650 $458.33 Cr 17300 $458.33 6 Dr 60550 $41.67 Cr 17000 $41.67 7 Dr 60300 $500 Cr 14100 $500 8 Dr 60600 $3,000.00 Cr 14000 $3,000.00 9 Dr 60700 $166.67 Cr 23200 $166.67 10 Dr 60700 $722.22 Cr 23200 $722.22 - Practice Set 3 I Accounts 1. Ending Balance for account number 10000 Dr $36,080.37 2. Ending Balance for account number 11000 Dr $0.00 3. Ending Balance for account number 12000 Dr $1,230.00 4. Ending Balance for account number 12100 Dr $2,385.00 5. Ending Balance for account number 13100 Dr $150.00 6. Ending Balance for account number 13200 Dr $200.00 7. Ending Balance for account number 14000 Dr $9,000.00 8. Ending Balance for account number 14100 Dr $15,500.00 9. Ending Balance for account number 15000 Dr $3,000.00 10. Ending Balance for account number 17000 Cr $41.67 11.Ending Balance for account number 15100 Dr $75,000.00 12. Ending Balance for account number 15200 Dr $6,805.00 13. Ending Balance for account number 17200 Cr $106.75 14. Ending Balance for account number 15300 Dr $11,000.00 15. Ending Balance for account number 17300 Cr $458.33 16. Ending Balance for account number 20000 Cr $5,800.00 17. Ending Balance for account number 23100 Cr $2,300.00 18. Ending Balance for account number 23200 Cr $888.89 19. Ending Balance for account number 23300 Cr $0.00 20. Ending Balance for account number 23400 Cr 5445.00 21. Ending Balance for account number 27000 Cr $85,000.00 22. Ending Balance for account number 27100 Cr $5,212.50 23. Ending Balance for account number 39003 Cr $36,000.00 24. Ending Balance for account number 39005 Cr $0.00 25. Ending Balance for account number 39007 Dr $200.00 26. Ending Balance for account number 40000 Cr $56,100.00 27. Ending Balance for account number 50000 Dr $28,050.00 28. Ending Balance for account number 60100 Dr $1,000.00 29. Ending Balance for account number 60150 Dr $2,650.00 30. Ending Balance for account number 60200 Dr $800.00 30. Ending Balance for account number 60200 Dr $800.00 31. Ending Balance for account number 60300 Dr $500.00 32. Ending Balance for account number 60350 Dr $2,300.00 33. Ending Balance for account number 60400 Dr $0.00 34. Ending Balance for account number 60450 Dr $225.00 35. Ending Balance for account number 60500 Dr $800.00 36. Ending Balance for account number 60550 Dr $445.00 37. Ending Balance for account number 60600 Dr $3,000.00 38. Ending Balance for account number 60650 Dr $606.75 39. Ending Balance for account number 60700 Dr $941.02 40. Ending Balance for account number 60750 Dr $0.00 41. Ending Balance for account number 60800 Dr $235.00 42. Ending Balance for account number 60850 Dr $250.00