If you could answer it on a chart and text would be great instead of writing! Thank you!

College Coasters is a San Diego-based merchandiser specializing in lopo-adomed drink coasters. The company reported the following balances in its unadjusted trial balance at December 1. The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier, The inventory on December 1 consisted of 1,000 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.40. College Cossters 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 500 coasters on account from the regular supplier on 12/4 at a unit cost of $0.42, with terms of n/60. b. Purchased 1,000 coasters on account from the regular supplier on 12/2 at a unit cost of $0,45, with terms of n/60. c. Sold 1,700 coasters on account on 12/3 at a unit price of $1.00. d. Collected $850 from customers on account on 12/4. e. Paid the supplier $1,570 cash on account on 12/18. \&Paid employees $500 on 12/23, of which $260 related to work done in November and $240 was for wages up to December 22 . t. Paid employees $500 on 12/23, of which $260 related to work done in November and $240 was for wages up to December 22 . g. Loaded 100 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona, Hawail. The sale was made FOB destination with terms of n/60. Other relevant information includes the following at 12/31 : h. College Coosters has not yet recorded $190 of office expenses incurred in December on account. 1. The company estimates that the equipment depreciates at a rate of $9 per month. One month of depreciation needs to be recorded. f. Wages for the period from December 23-31 are $100 and will be paid on January 15. k. The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year. 1. The company incurred $700 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. Prepare the journal entries to record the transactions (a) through (n). Roview the accounts as shown in the General tedger and Trial Balance tabs. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account fiedd.) cost of $0.42, with terms of n/60. Record the transaction. repare the journal entries to record the transactions (a) through (n). Review the accounts as shown in the General Ledger and Trial Balance tabs. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Purchased 500 coasters on account from the regular supplier on 12/1 at a unit cost of $0.42, with terms of n/60. Record the transaction. Note: Enter debits before credits. n. The company did not declare dividends and there were no transactions involving common stock. Choose the appropriate accounts to be reported on the income statement. Select the 'adjusted' from the dropdown, which will then populate the balances in those accounts from the trial balance. However, you will need to calculate and enter the amount of the net income or loss for the year ended December 31 . Use the dropdowns to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. However, you will need to enter the amount of the Equipment (Net of accumulated depreciation), Common stock and Retained earnings as of December 31 . HUB destination with terms of n/bu. Other relevant information includes the following at 12/31: h. College Coasters has not yet recorded $190 of office expenses incufred in December on account. i. The company estimates that the equipment depreciates at a rate of $9 per month. One month of depreciation needs to be recorded. 1. Wages for the period from December 23-31 are $100 and will be paid on January 15. k. The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year. 4. The company incurred $700 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. Calculate the inventory tumover ratio and days to sell, assuming that inventory was $400 on January 1 of this year. (Use 365 days a year, Round your intermediate calculations and final answers to 1 decimal place.) College Coasters is a San Diego-based merchandiser specializing in lopo-adomed drink coasters. The company reported the following balances in its unadjusted trial balance at December 1. The company buys coasters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier, The inventory on December 1 consisted of 1,000 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0.40. College Cossters 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 500 coasters on account from the regular supplier on 12/4 at a unit cost of $0.42, with terms of n/60. b. Purchased 1,000 coasters on account from the regular supplier on 12/2 at a unit cost of $0,45, with terms of n/60. c. Sold 1,700 coasters on account on 12/3 at a unit price of $1.00. d. Collected $850 from customers on account on 12/4. e. Paid the supplier $1,570 cash on account on 12/18. \&Paid employees $500 on 12/23, of which $260 related to work done in November and $240 was for wages up to December 22 . t. Paid employees $500 on 12/23, of which $260 related to work done in November and $240 was for wages up to December 22 . g. Loaded 100 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona, Hawail. The sale was made FOB destination with terms of n/60. Other relevant information includes the following at 12/31 : h. College Coosters has not yet recorded $190 of office expenses incurred in December on account. 1. The company estimates that the equipment depreciates at a rate of $9 per month. One month of depreciation needs to be recorded. f. Wages for the period from December 23-31 are $100 and will be paid on January 15. k. The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year. 1. The company incurred $700 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. Prepare the journal entries to record the transactions (a) through (n). Roview the accounts as shown in the General tedger and Trial Balance tabs. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account fiedd.) cost of $0.42, with terms of n/60. Record the transaction. repare the journal entries to record the transactions (a) through (n). Review the accounts as shown in the General Ledger and Trial Balance tabs. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Purchased 500 coasters on account from the regular supplier on 12/1 at a unit cost of $0.42, with terms of n/60. Record the transaction. Note: Enter debits before credits. n. The company did not declare dividends and there were no transactions involving common stock. Choose the appropriate accounts to be reported on the income statement. Select the 'adjusted' from the dropdown, which will then populate the balances in those accounts from the trial balance. However, you will need to calculate and enter the amount of the net income or loss for the year ended December 31 . Use the dropdowns to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. However, you will need to enter the amount of the Equipment (Net of accumulated depreciation), Common stock and Retained earnings as of December 31 . HUB destination with terms of n/bu. Other relevant information includes the following at 12/31: h. College Coasters has not yet recorded $190 of office expenses incufred in December on account. i. The company estimates that the equipment depreciates at a rate of $9 per month. One month of depreciation needs to be recorded. 1. Wages for the period from December 23-31 are $100 and will be paid on January 15. k. The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year. 4. The company incurred $700 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. Calculate the inventory tumover ratio and days to sell, assuming that inventory was $400 on January 1 of this year. (Use 365 days a year, Round your intermediate calculations and final answers to 1 decimal place.)