I need help with the entries for the 10 Transactions listed in Instructions. Plus I need the adjusted trial balance, Income Statement and Retained Earnings, and Balance Sheet.

ACCT 495 Capstone Project Fall 2016 Part 1 Adjusting entries & Statements

Year-end Adjustment Data for Roxy and Harley Corp is as follows:

• $300,000 in sales on account had not been recorded but were shipped FOB Shipping Point on December 31. The cost of this inventory was $140,000. Roxy and Harley uses a perpetual inventory system.
• Employees are allowed to carry over up to 10 days of earned vacation days per year up to 40 days. Employees earn an average of $190 per day. A total of 1,000 earned vacation days will be carried over to 2017. It is probable that the employees will take the vacation days.
• Income tax expense is 30% of income before income tax.
• The Research and Development account includes current year costs of $380,000 and R& D Equipment with a cost of $200,000 and an estimated useful life of 10 years.
• You discover that a product sale was made and recorded in December for $100,000; the product had not yet been shipped. The cost of the product was $58,000.
• The Prepaid Expense account balance includes the $300,000 cost of a two year insurance policy purchased on April 1, 2016.
• Depreciation & Amortization expense for the year is $275,000
• Interest expense accrued on its long-term liabilities is $82,620.
• A dividend of $147,000 was declared on December 16, to be paid on January 15, 2017
• It is estimated that 6% of accounts receivable will be uncollectable.
• Correct the trial balance by putting the accounts in the typical account number order
• Record the adjusting journal entries
• Compute the adjusted trial balance amounts
• Prepare in good form:
  • Income Statement
  • Balance Sheet
  • Retained Earnings Statement