need all journals & ledgers please & adjusting entries

Requirements: 1. Complete the Accounting Cycle for O. Reza's Fitness Boutique. Hint: Use Kelly Consulting, the illustration problem, which starts on page 177, as your guide. 1. Analyze and record (journalize) the January transactions in the General Journals. Include the date, account title and the amounts in the debit and credit columns. Use the titles from your chart of accounts. Leave a space between each journal entry. Show calculations as part of your description. Proper technique required throughout. Use as many journal sheets as needed. Number your sheets in the upper right hand corner. 2. Post transfer) the transactions from the journals to the ledgers. 3. Prepare an end of the period worksheet:4. Prepare an unadjusted trial balance on the worksheet a. Prepare the adjusting entries on the worksheet. b. Prepare the adjusted trial balance. c. Extend the worksheet to prepare the income statement and the balance sheet. 4. Prepare the formal financial statements from the worksheet (in the following order): i. Income Statement ii. Statement of Owner's Equity iii. Balance Sheet 5. Journalize the adjusting entries and post to the ledgers 6. Journalize the closing entries and post to the ledgers 7. Prepare the post closing trial balance. Part II: Other Requirements 8. Calculate the required ratio analyses for 0. Reza Fitness Boutique 9. Prepare the Statement of Cash Flow (part 4 only) for Bronco Consulting using data from Problem 1-3B on page 49. 10. Prepare Bank Reconciliation for Sunshine Interiors (Problem 8-5B on page 435). Follow the Instructions 1, 2, 3, & 4. 9. Bank Reconciliation Background Oneida Reza has been fitness professional for over 20 years. She is a personal trainer, certified by the American College of Sports Medicine (ACSM). She teaches part-time at the community college and is a part-time consultant who designs fitness centers for corporate employee programs. She has written several books and now wants to expand her retail business, O. Reza Fitness Boutique. She has found a perfect location that was previously a physical therapy center. It will be a perfect place for her new center. She plans to sell exercise equipment, apparel and vitamin supplements. Oneida signed a lease on the building on January 1, 20XX and moved in. You have agreed to maintain the books and records for her Boutique. This is your first client and you plan to prepare all of her books and records in accordance with GAAP. You also plan to make them neat and orderly because you know that many clients will come to you because of recommendations from existing clients. Word of mouth is very important in your profession. You have prepared the following chart of accounts. You have set it up so that it will be easy to add new accounts later. O. Reza Fitness Boutique Chart of Accounts Acct. # Name of Account Acct. Name of Account 100 105 110 111 300 301 302 Owner's Equity Oneida Reza, Capital Oneida Reza Withdrawal 113 Assets Cash Petty Cash Fund Accounts Receivable Merchandise Inventory Office Supplies Prepaid Rent Prepaid Insurance Notes Receivable 400 401 114 Revenue Sales 116 118 120 140 141 Furniture & Equipment Accumulated Depreciation - Furniture & Equipment 500 501 510 515 520 530 535 Expenses Cost of Sales Salary Expense Advertising Expense Supplies Expense Rent Expense Utilities Expenses Delivery Expense Depreciation Expense Insurance Expense Automobile Expense Miscellaneous Expense 538 Automobiles Accumulated Depreciation- Automobiles 540 550 575 590 200 600 205 Liabilities Accounts Payable Wages & Salaries Payable Unearned Revenues Notes Payable 610 210 Other Income Interest & Other Income Other Expense Interest & Other Expenses 700 710 212 January, 20XX Transactions (round to the nearest dollar): Jan. 1 The following balances were received from Oneida Reza: Cash $300,000; Account Receivable, $12.750 (Lyle Co.) and; Merchandise Inventory $51,000; Office Supplies, $3,300; Furniture & Equipment, $12,000 (new and unused); Accounts Payable of $7,000 (The Office Spot). Journalize the beginning balances and post them to the general ledger Established a Petty Cash Fund for small expenditures, $200. Paid three months' rent on a lease rental contract, $12,000. Paid 6-month premiums on property and casualty insurance policies, $6,000. Purchased a Van for $25,000. Paid cash of $5,000 and signed a 10 month note payable for the balance. 1st payment is due February 1. Purchased $75,000 of merchandise on credit from Better Wholesale Equipment Co., terms n/30. (Chapter 6) Paid $800 of shipping costs to Better Wholesale Equipment Co. for the merchandise purchased on Jan. 4. 10 Received cash from a corporate client (Ross Co.) as an advance payment (unearned revenue) on special order equipment, $10,000. Purchased additional office equipment on account from The Office Spot, $5,000, n/30. Received check from client (Lyle Co.) on account, $6750 against beginning AR balance. Sold $13,700 fitness equipment on account to James Corp. for their employee fitness center. Terms 1/10,n30, FOB destination. Cost of Merchandise $9,150. 10 Paid $175 of shipping costs to UPS for the merchandise sold on Jan. 8* (Correction). Paid cash for newspaper ad for Grand Opening event in La Voz, $500. 11 Paid The Office Spot paid $7,000 on account. Recorded cash boutique sales for Jan 1-14. Cost of sales, $14,125: Visa Credit Card Sales $14,000 Master Card Sales $12,500 Checks $1,000 15 Paid fitness assistants for two weeks' salary, $3,000. 15 Leased excess office space. Received rent payment for remainder of month ($1,000) and "last month's" rent ($2,000) as security. Next payment due Feb. 1. Accepted 90-day Note Payable, 10% interest, in settlement of $6,000 balance on Accounts Receivable, (from beginning balance) Lyle Co. First interest Payment due Feb. 1. 150. Reza withdrew $1,000 for personal expenses. Borrowed $100,000 from her brother Juan Reza. Signed a Note Payable, balance due 2 years from today on Jan. 15. O. Reza pays interest only for two years, at 7%. The first interest payment is due Feb. 1. Purchased $45,000 of merchandise on account from Jakes Co., terms 2/10, n/30. Delivered special order equipment to Ross Co. (Jan. 4) and recorded sale of $25,000. Cost of merchandise, $13,250. After taking deposit into consideration, the balance was on account. Replenished Petty Cash Fund. Found in safe: receipts for Flyers for Grand Opening $65; Postage, $23; filled the Van with gas, $73; sent legal documents to attorney by courier, $25; cash $14. Increased Petty Cash Fund to $300. The James Corp. returned $2400 (retail) of merchandise from the Jan. 8 sale, for credit on account. Cost of merchandise returned, $1600. Hint: for simplicity, reverse the original entry, Received payment from James Corp. for the balance due from the Jan. 8 sale less the Jan. 16 return. Paid cash for supplies, $1,560. Returned for credit on account $4,300 (retail) of merchandise purchased from Jake Apparel Co. on Jan 15. 18 19 27 Increased Petty Cash Fund to $400. 27 29 Recorded Boutique sales as follows for Jan 16-30. Cost of sales, $9,000: Visa Credit Card Sales $8,000 Master Card Sales $3,000 Discovery Card $5,000 Checks $1,000 Paid fitness assistants for two weeks' salary, $1,650. Paid telephone bill for January, $540. Paid electricity bill for January, $760. Oneida withdrew $5,000 for personal use. Replenished Petty cash fund. The petty cash safe has Receipts for Postage Stamps $45.00, Printer Ink Cartridge $109.00, Printing Paper, $25; change lock on office door, $100; Cash, $18. Paid Ford Automotive for van maintenance, $550. Good news! Sold $125,000 of equipment to Grand Co. for their corporation's employee exercise facility. Received cash of $75,000 with balance on account (n/30); cost of equipment sold is $87,000. At the end of January, the following adjustment data is prepared. Analyze and use the following data to make adjustments (round to the nearest dollar). a. One month's insurance expired during January (calculation required) b. One month's rent expired during January. (Calculation required) C. Supplies on hand on January 31 are $1,860. d. Depreciation entries required: 1. Equipment of $12,000 (brought to the business) was new with no previous depreciation. All equipment has an estimated useful life of 5 years. Record depreciation for one-half month 2. Automobile (Van) purchased for $25,000 has a salvage value of $5,000 and estimated life of 5 years. Record depreciation for one month. e. Record the following accruals: i. Interest expense accrued on loan from Juan Reza (Jan. 15). ii. Interest income accrued on note receivable from Lyle Co. (Jan. 15) iii. Accrued fitness assistants salary on January 31 is $1,200. f. Received gas bill from American Gas for fuel purchases during January, $500. Due Jan. 5. Part II: Calculate the following ratios and explain what they say to the owner or investor. 1. Ratio of Liabilities to Owner's Equity: Formula Calculations Answer 2. Working Capital Formula Calculations Answer 3. Current Ratio Formula Calculations