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I was wondering if someone could help me with some accounting homework. I have some information and I need to create schedules, journal entries, and

I was wondering if someone could help me with some accounting homework. I have some information and I need to create schedules, journal entries, and adjusting entries from it. I am attaching both the information that I have to work with as well as my work so far with the schedules and entries.

image text in transcribed Name San Antonio Outfitters Land Account 12/31/XXXX Land purchase Building demolition Title and other closing costs Clearing and grading land Totals 514,403 70,000 20,000 50,000 654,403 Name General Journal GENERAL JOURNAL Date 30-Apr 30-Apr 30-May 30-Jul 1-Sep 1-Oct 1-May Nov Dec Account Titles and Explanation Land Land purchase Building Demolition Title and closing costs Clearing and grading land Cash Notes Payable Interest Payable Discount on Notes Payabl Building Cash Building Cash Building Cash Building Cash Building Interest Payable Cash Notes Payable Equipment Cash Office furniture and fixtures Cash Land Improvements Expense Cash Interest Expense Cash P. R. Debit 654,403 Credit 514,403 70,000 20,000 50,000 641,125 600,000 41,152 85,597 1,200,000 1,200,000 1,500,000 1,500,000 900,000 900,000 1,800,000 1,800,000 94,000 94,000 3,000,000 3,000,000 390,000 390,000 210,000 210,000 285,000 285,000 187,434 187,434 Name Worksheet San Antonio Outfitters Work Sheet For Month Ended December 31, 2013 Account Titles Cash Accounts Receivable Prepaid Insurance Office Equipment Acc Deprec-Office Equipment Inventory Building Land Accounts Payable Notes Payable San Antonio, Capital San Antonio, Withdrawals Revenue Wages Expense Deprec. Exp-Office Equipment Equipment rental expense Office supplies expense Advertising expense Repairs expense Totals Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 3,394,380 3,000,000 3,660,125 2,129,500 42,300 199,300 600,000 11,750 2,104,000 100,000 5,449,000 720,000 800,000 104,410 600,000 600,000 3,600,000 2,541,700 10,450 6,144,100 654,500 4,250 71,410 7,500 32,400 11,970 9,401,960 9,401,960 Adjusted Trial Balance Dr. Cr. Income Statement Dr. Cr. Balance Sheet & Statement of Owner's Equity Dr. Balance Sheet & Statement of Owner's Equity Cr. Name Income Statement San Antonio Outfitters Income Statement For Year Ended December 31, XXXX San Antonio Outfitters Statement of Changes in Owner's Equity For Year Ended December 31, XXXX San Antonio Outfitters Balance Sheet December 31, XXXX Name Post Closing Trial Balance San Antonio Outfitters Post-Closing Trial Balance 12/31/XXXX Totals San Antonio Outfitters Early in its fiscal year ending December 31, 2013, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on April 30 th with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $800,000. San Antonio paid $200,000 and signed a noninterestbearing note requiring the company to pay the remaining $600,000 on April 30, 2015. An interest rate of 8% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $20,000 were paid at closing. During April, the old building was demolished at a cost of $70,000, and an additional $50,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: San Antonio borrowed $3,000,000 at 8% on May 1 to help finance construction. This loan, plus interest, will be paid in 2014. In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $600,000 on account. The fair values of the equipment and the furniture and fixtures were $455,000 and $245,000, respectively. In December, San Antonio paid a contractor $285,000 for the construction of parking lots and for landscaping. Below is the trial balance for San Antonio Outfitters as of March 31. SAN ANTONIO OUTFITTERS Trial Balance March 31, 2013 Debit Credit Cash....................................................................... $3,394,380 Accounts receivable............................................... 2,129,500 Prepaid insurance.................................................. 42,300 Office equipment................................................... 119,300 Accumulated Depreciation, Office Equipment........ .......................................................................................... Inventory............................................................... $11,750 2,104,000 Building.................................................................. 100,000 Land....................................................................... 720,000 Accounts payable................................................... $ 104,410 Notes payable........................................................ 600,000 San Antonio, Capital.............................................. San Antonio, Withdrawals...................................... 2,541,700 10,450 Revenue................................................................. Wages expense...................................................... 6,144,100 654,500 Depreciation Expense, Office Equipment............... 4,250 Equipment rental expense..................................... 71,410 Office Supplies Expense......................................... 7,500 Advertising expense.............................................. 32,400 Repairs expense.................................................... 11,970 Totals..................................................................... $9,401,960 $9,401,960

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