I need the ending trial balance for Bob's Bacon House Course project for ACCT550 I need it
Question:
I need the ending trial balance for Bob's Bacon House Course project for ACCT550 I need it asap. Thank you
Financial Data of Bob's Bacon House Inc. as of January 1, 20XX
Accounts Payable200,500Account Receivable165,700Accumulated Depreciation's350,000Additional Paid-In Capital40,000Allowance for Doubtful Accounts2,650Building and Equipment1,120,000Cash45,300Common Stock544,850Copyrights112,000Customer Deposits (expected to be paid in 20XX)375Goodwill225,000Income Taxes Payable42,340Inventories @ $25/unit315,250Long-term Investments in Warren Co.95,630Deposits With Vendors47,200Land125,000Mortgage Payable ($2,780 per month)667,2002% Notes Payable to Banks (due 20XX)26,000Notes Receivable (due 20XX)16,000Patents219,335Retained Earnings127,500Trademarks115,000Twenty-year, 3% Bonds, Due 1/1/20XX600,000
Financial Data of Bob's Bacon House Inc. for the Year 20XX
1Finished Goods inventory purchased from suppliers on account.
2/10/20XX 10,000 units @ $26 each
6/12/20XX 15,000 units @ $28 each
10/23/20XX 12,000 units @ $29 each
11/25/20XX 8,000 units @ $30 each
Bob's Bacon House Inc. uses periodic inventory system and LIFO costing method. All purchases and sales are made on account.2Payments made to suppliers on account during 20XX are $1,124,450.3Sales made to customers on account are 49,356 units @ $36 each.4Cash collected from customers during 20XX is $1,750,700.5Total interest paid on notes payable and bonds payable amounted to $17,415.6Rental income on property leased out is $25,650.7Bob's Bacon House Inc. was operating a retail store in Chicago. Original cost of building and equipment was $120,000 with a book value of $95,000. During 20XX, New York Traders disposed of this store at a loss of $35,800.8Bob's Bacon House Inc. wants to make an allowance for doubtful debts at 2% on accounts receivable for the year 20XX.9Selling and administrative expenses are $128,475. These expenses include $56,000 depreciation expense on building and equipment but exclude bad debts expenses.10Income tax expense paid is $90,500. Bob's Bacon House income tax rate for 20XX is 30%.
Please I will need help on
(a) The ENDING trial balance
(b) Journalize entries for annual trial balance
(c) posting to general ledger.
Thanks