I need help with the Journal Entry, Income Statement, and Balance Sheet please.
College Coasters is a San Diego-based merchandiset specializing in logo adored drink consters. The company reported the following balances in its unadjusted trial balance at December $ 9,700 1,700 500 660 590 100 1,430 200 Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Rent Expense Salaries and Wages Expense Depreciation Expense Income Tax Expense Office Expenses 5,600 2,600 14,940 7,210 1,210 2,000 100 1,200 The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier. The inventory on Decemfert consisted of 1,000 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.50, College Coastors records its inventory using perpetual inventory accounts and the FIFO cost flow method During December, the company entered into the following transactions. Some of these transactions are explained in greater detail below a Purchased 400 coasters on account from the regular supplier on 12/1 at a unit cost of $0.52. with terms of n/60 Purchased 900 coasters on account from the regular supplier on 12/2 at a unit cost of $0.55, with terms of 1/60 c Sold 1,900 coasters on account on 12/3 at a unit price of $110. d Collected $860 from customers on account on 12/4 e Paid the supplier $1,500 cash on account on 12/18 Paid employees $460 on 12/23, of which $290 related to work done in November and 5170 was for wages up to 9. Loaded 90 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona. HawkThe sale was made Foe destination with terms of n/60 Other relevant information includes the following at 12/31 n College Coasters has not yet recorded $170 of office expenses incurred in December on account 2. The company estimates that the equipment depreciates at a rate of $10 per month. One month of depreciation needs to be recorded Wages for the period from December 23-31 are $100 and will be paid on January 15 The $660 of Prepaid Rent relates to a si month period ending on May 31 of next year The company incurred 5700 of income tax but has made no tax payments this year m. No shrinkage or damage was discovered when the inventory was counted on December 31 n. The company did not declare dividends and there were no transactions involving common stock Ronni General General Trial Income Balance Ansluci General General Trial Income Balance Require... Analysis Journal Ledger Balance Statem... Sheet Prepare the journal entries to record the transactions (a) through (n). Review the accou shown in the General Ledger and Trial Balance tabs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Sho View transaction list Journal entry worksheet 2 3 4. 5 6 7 8 16 Record the cost of goods sold. Note: Enter debits before credits. General Journal Debit Date Dec 03 Credit Record entry View general journal Clear entry