I'm not sure how to do any of these journal entries.

How do you do these entries.. I am reuploading this with the instructions.

Thank you

17 Project Year 2 Steps: 18 Do these steps on this Excel Tab (apply GAAP to 2nd Year events after considering all 1st Year Tab info). 19 Keep all Steps in this "Project Year 2" Tab in a format similar to the one used in "Project Year 1" Tab. 20 Recommendation: Use the "Inventory" Excel Tab to keep track of changes in inventory units & accounts. 22 Preliminary: Study all Year 1 info & copy Journal, GL & 10-column from Year 1 to Year 2 and delete n/a Year 1 info. 23 Input beginning GL real account balances (from Yr 1 ATB & add RE) and make sure TB (on 10-Column) balances. 25 1. Record JEs by Date & Ref. (AJEs only on Worksheet), abbreviating each Acct Type & rounding to nearest dollar. 27 2. Post Yr 2 JE info to GL accounts (with Type & in FS order) & use JE Ref. # for each amount posted. 28 Recommendation: After each JE is posted, check TB balance (make sure each GL account balance "flows" to TB). 30 |3. Complete 10-column Worksheet (view Video), including 12/31 Adjustments, with cross-referenced 31 dr's & cr's & footnoted explanation & calculation below. Abbreviate account type for each new account. 33 4. Prepare FS's & FS Notes copying/adjusting any relevant Kellogg's Note language (most will not apply to Fox Co.) 35 5. Prepare 12/31 closing entry (prepare only the single entry version in Year 1). 38 Make it all "Boss Friendly": Each print preview screen easily readable, with complete Headings for each Step. 39 (Note how each print preview screen for Year 1 is easily readable with Headings for each Accounting Cycle Step) 41 Use Excel properly: Copy amounts from cells to cell or from Year 1 Tab (never type same amount twice). 42 Wherever a calculation is required, create a formula using copied cells wherever possible. 1/9 All done on credit in 2 separate entries: Sell 2,200 discs @$50 each, then buy 3,500 discs @$14. 2/28 Pay: unpaid 2019 loan interest, tax, dividends, & 20% of total in Accounts Payable GL account as of today. 3/7 Complete 3rd job (prepaid 4/21/19) & pay 15% per 5/9/19 contract, and collect all accounts receivable to date, except specific uncollectible accounts that are now expected to never be paid, representing 5% of total accounts receivable. 4/25 Fox discontinues its consulting operations, so sells its fee client list for $40,000, less a 15% broker fee, and buys a disc customer list for $108,000 (6-year UL, 10% SV) plus pays a 10% broker fee. All is done with cash. 5/19 All done in cash in 2 separate entries: Sell 3,000 discs @$54 each and then buy 5,000 discs @$15. 6/11 Issue 4,000 additional shares to Jane, Fox's original owner, plus 6,000 to Joe Temple, all at $14 per share. 7/5 Trade-in BMW (market value $75,000), for new truck (5-yr life, SL, no SV with dissimilar cash flows) and pay $10,000. 8/17 All done on credit in 2 separate entries: Buy 7,000 discs @$16 plus 10% sales tax, then mail 9,500 discs @$56 each. 9/7 Collect 60% of Accounts Receivable, pay 90% of Accounts Payable, and then a customer owing $7,500 dies bankrupt. 10/31 Pay Gordon per 2019 contract and sign new contract to pay them $60,000 at end of the next 12 months of advertising. 11/30 Declare $60,000 dividends, paying Joe now & Jane on 1/10/21. Also, only $1,000 supplies are left, so order $35,000 more supplies (FOB shipping & 2/20et60), shipped on 12/27/20, received on 1/3/21, and paid for on 1/15/21. 12/31 Re-estimate that the furniture is expected to have only a 4-year total UL, with salvage value of only $4,000. Physical count shows that approximately 5% of discs are missing or useless (if Fox were to buy, replacement cost is $18). Estimate that 6% of accounts receivable are uncollectible and an income tax rate of 30% for 2020. A review of the supply cabinet shows that approximately $32,000 of supplies are left. 17 Project Year 2 Steps: 18 Do these steps on this Excel Tab (apply GAAP to 2nd Year events after considering all 1st Year Tab info). 19 Keep all Steps in this "Project Year 2" Tab in a format similar to the one used in "Project Year 1" Tab. 20 Recommendation: Use the "Inventory" Excel Tab to keep track of changes in inventory units & accounts. 22 Preliminary: Study all Year 1 info & copy Journal, GL & 10-column from Year 1 to Year 2 and delete n/a Year 1 info. 23 Input beginning GL real account balances (from Yr 1 ATB & add RE) and make sure TB (on 10-Column) balances. 25 1. Record JEs by Date & Ref. (AJEs only on Worksheet), abbreviating each Acct Type & rounding to nearest dollar. 27 2. Post Yr 2 JE info to GL accounts (with Type & in FS order) & use JE Ref. # for each amount posted. 28 Recommendation: After each JE is posted, check TB balance (make sure each GL account balance "flows" to TB). 30 |3. Complete 10-column Worksheet (view Video), including 12/31 Adjustments, with cross-referenced 31 dr's & cr's & footnoted explanation & calculation below. Abbreviate account type for each new account. 33 4. Prepare FS's & FS Notes copying/adjusting any relevant Kellogg's Note language (most will not apply to Fox Co.) 35 5. Prepare 12/31 closing entry (prepare only the single entry version in Year 1). 38 Make it all "Boss Friendly": Each print preview screen easily readable, with complete Headings for each Step. 39 (Note how each print preview screen for Year 1 is easily readable with Headings for each Accounting Cycle Step) 41 Use Excel properly: Copy amounts from cells to cell or from Year 1 Tab (never type same amount twice). 42 Wherever a calculation is required, create a formula using copied cells wherever possible. 1/9 All done on credit in 2 separate entries: Sell 2,200 discs @$50 each, then buy 3,500 discs @$14. 2/28 Pay: unpaid 2019 loan interest, tax, dividends, & 20% of total in Accounts Payable GL account as of today. 3/7 Complete 3rd job (prepaid 4/21/19) & pay 15% per 5/9/19 contract, and collect all accounts receivable to date, except specific uncollectible accounts that are now expected to never be paid, representing 5% of total accounts receivable. 4/25 Fox discontinues its consulting operations, so sells its fee client list for $40,000, less a 15% broker fee, and buys a disc customer list for $108,000 (6-year UL, 10% SV) plus pays a 10% broker fee. All is done with cash. 5/19 All done in cash in 2 separate entries: Sell 3,000 discs @$54 each and then buy 5,000 discs @$15. 6/11 Issue 4,000 additional shares to Jane, Fox's original owner, plus 6,000 to Joe Temple, all at $14 per share. 7/5 Trade-in BMW (market value $75,000), for new truck (5-yr life, SL, no SV with dissimilar cash flows) and pay $10,000. 8/17 All done on credit in 2 separate entries: Buy 7,000 discs @$16 plus 10% sales tax, then mail 9,500 discs @$56 each. 9/7 Collect 60% of Accounts Receivable, pay 90% of Accounts Payable, and then a customer owing $7,500 dies bankrupt. 10/31 Pay Gordon per 2019 contract and sign new contract to pay them $60,000 at end of the next 12 months of advertising. 11/30 Declare $60,000 dividends, paying Joe now & Jane on 1/10/21. Also, only $1,000 supplies are left, so order $35,000 more supplies (FOB shipping & 2/20et60), shipped on 12/27/20, received on 1/3/21, and paid for on 1/15/21. 12/31 Re-estimate that the furniture is expected to have only a 4-year total UL, with salvage value of only $4,000. Physical count shows that approximately 5% of discs are missing or useless (if Fox were to buy, replacement cost is $18). Estimate that 6% of accounts receivable are uncollectible and an income tax rate of 30% for 2020. A review of the supply cabinet shows that approximately $32,000 of supplies are left