Lizzie, Inc. sells toy mice to high end pet stores. The company has been in business for many years and uses the calendar year for accounting purposes. Following is Lizzie's trial balance for 2022 through December 20th. This trial balance does not reflect the transactions that occurred during the last 11 days of the year or adjustments that are necessary, as described by the additional information below. The Loan payable is due in 36 months (hint: current or non current). 1. The company's president, Elizabeth, decided the company needed more capital, so she sold more stock on December 20th for A 2. The company received payment to settle a $10,000 Account receivable on December 21 . The terms of the receivable were B/10,N30 and the payment reflected that it was within the discount period. 3. On Dec 22, the company settled with cash a $15,000 Account payable with a vendor who sold the company inventory on December 18 (the balance is included in Accounts payable at Dec 20). The terms of the payable were B/10,N30 and the payment reflected that it was within the discount period. 4. The company sold C of toy mice on December 22. The terms of the sale were B/10,N30. The cost (inventory) of the mice was $2,000. 5. The equipment was purchased near the beginning of the year. D of its cost expired this year. 6. Interest of E is owed on December 31, but has not been recorded. 7. Supplies on hand at year end were counted, and amount to $4,000. 8. December's rent of $1,500 is owed, but has not been recorded. A. Set up a chart of accounts ( 5 points) B. Set up a three column General Ledger and drop in the account balances from the provided trial balance (5 points) C. Set up a General Journal and prepare the necessary entries through yearend. (50 points) D. Post journal entries to your General Ledger set up in (B) and determine the adjusted balances of the accounts. and create an adjusted trial balance (5 points) E. Prepare the multi-step income statement, statement of retained earnings and classified balance sheet. Use proper headings! ( 30 points) F. Calculate the current ratio and gross profit percentage and explain what it means with regards to this company (5 Lizzie, Inc. sells toy mice to high end pet stores. The company has been in business for many years and uses the calendar year for accounting purposes. Following is Lizzie's trial balance for 2022 through December 20th. This trial balance does not reflect the transactions that occured during the last 11 davs of the vear or adiustments that are necessary, c^ idue in 36 months (hil 1. The company's president, Elizabeth, decided the company needed more capital, so she sold more stock on December 20th for A 2. the company received payment to settle a $10,000 Account receivable on December 21 . The terms of the receivable were B/10,N30 and the payment reflected that it was within the discount neriod. 3. On Dec 22 , the company settled with cash a $15,000 Account payable with a vendor who sold the company inventory on December 18 (the balance is included in Accounts payable at Dec 20). The terms of the payable were B/10,N30 and the payment reflected that it was within the discount period. 4. the company sold C of toy mice, on December 22 . The terms of the sale were 1/10,N30. The cost (inventory) of the mice was $2,000. 5. The equipment was purchased near the beginning of the year. D of its cost expired this year. 6. Interest of E is owed on December 31, but has not been recorded. 7. Supplies on hand at year end were counted, and amount to $4,000. 8. December's rent of $1,500 is owed, but has not been recorded. Lizzie, Inc. sells toy mice to high end pet stores. The company has been in business for many years and uses the calendar year for accounting purposes. Following is Lizzie's trial balance for 2022 through December 20th. This trial balance does not reflect the transactions that occurred during the last 11 days of the year or adjustments that are necessary, as described by the additional information below. The Loan payable is due in 36 months (hint: current or non current). 1. The company's president, Elizabeth, decided the company needed more capital, so she sold more stock on December 20th for A 2. The company received payment to settle a $10,000 Account receivable on December 21 . The terms of the receivable were B/10,N30 and the payment reflected that it was within the discount period. 3. On Dec 22, the company settled with cash a $15,000 Account payable with a vendor who sold the company inventory on December 18 (the balance is included in Accounts payable at Dec 20). The terms of the payable were B/10,N30 and the payment reflected that it was within the discount period. 4. The company sold C of toy mice on December 22. The terms of the sale were B/10,N30. The cost (inventory) of the mice was $2,000. 5. The equipment was purchased near the beginning of the year. D of its cost expired this year. 6. Interest of E is owed on December 31, but has not been recorded. 7. Supplies on hand at year end were counted, and amount to $4,000. 8. December's rent of $1,500 is owed, but has not been recorded. A. Set up a chart of accounts ( 5 points) B. Set up a three column General Ledger and drop in the account balances from the provided trial balance (5 points) C. Set up a General Journal and prepare the necessary entries through yearend. (50 points) D. Post journal entries to your General Ledger set up in (B) and determine the adjusted balances of the accounts. and create an adjusted trial balance (5 points) E. Prepare the multi-step income statement, statement of retained earnings and classified balance sheet. Use proper headings! ( 30 points) F. Calculate the current ratio and gross profit percentage and explain what it means with regards to this company (5 Lizzie, Inc. sells toy mice to high end pet stores. The company has been in business for many years and uses the calendar year for accounting purposes. Following is Lizzie's trial balance for 2022 through December 20th. This trial balance does not reflect the transactions that occured during the last 11 davs of the vear or adiustments that are necessary, c^ idue in 36 months (hil 1. The company's president, Elizabeth, decided the company needed more capital, so she sold more stock on December 20th for A 2. the company received payment to settle a $10,000 Account receivable on December 21 . The terms of the receivable were B/10,N30 and the payment reflected that it was within the discount neriod. 3. On Dec 22 , the company settled with cash a $15,000 Account payable with a vendor who sold the company inventory on December 18 (the balance is included in Accounts payable at Dec 20). The terms of the payable were B/10,N30 and the payment reflected that it was within the discount period. 4. the company sold C of toy mice, on December 22 . The terms of the sale were 1/10,N30. The cost (inventory) of the mice was $2,000. 5. The equipment was purchased near the beginning of the year. D of its cost expired this year. 6. Interest of E is owed on December 31, but has not been recorded. 7. Supplies on hand at year end were counted, and amount to $4,000. 8. December's rent of $1,500 is owed, but has not been recorded