need help on 4 8 and 9

Fine Chocolate Co. in Stowe. VT on Charles Price, a connoisseur of fine chocolate, op February 1, 2020, by investing $30,000 in cash into the business. The shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. You have been hired as manager. Your duties include maintaining the store's financial records. On February 1, Charles paid three months" rent for the store in advance at $2,000 per month That same day, Charles purchased supplies for the store in the amount of $450 in cash from the Stowe Supply Co. The store received a delivery of candy from the Green Mountain Chocolate Factory worth $10.000 on February 1, just in time to open the store. Charles placed the order January 15. Because the store is just starting up, Charles purchased the candy on credit. The bill for the candy is due in 60 days. Charles took out an insurance policy to cover the store in the amount of $2,400. This is an annual policy that Charles paid for all at once on February 1. In order to have enough cash to pay employees and to purchase additional supplies and equipment for the store, Charles took out a loan from the Chittenden County bank in the amount of $24,000 on February 2. The loan is due in 2 years. As the new employee responsible for maintaining the store's accounting records, you realize that you will need a computer for recordkeeping and tracking inventory. You express your concern to Charles, and on February 3, he purchases a computer costing $5,000. Charles pays cash for the computer. That same day, Charles purchases furniture and fixtures for the store (shelving to display the chocolates, other display cases, etc.) for $18,500. You determine that the useful life of the computer is 3 years, and the useful life of the furniture and fixtures is 5 years. Charles decides to pay cash for the furniture and fixtures as well. In order to let people in Stowe know about his new store, Charles takes out an advertisement in the Stowe Gazette on February 3 announcing the grand opening of the store. The advertisement cost $1,000. Because the Stowe Gazette is a small business, they do not accept credit. Charles therefore had to pay cash for the advertisement. a Journal entries to record sales are entered into the general journal weekly. On February 8, week 1 sales were recorded. Week one sales were $5,500. Of this amount, $2,000 was in cash, the remainder on credit. Cost of chocolate sold was $1,500. The inventory account is updated at the same time sales are recorded. On February 10 Charles paid $500 to the Green Mountain Chocolate Factory for the chocolate received on February 1. Wages were paid on February 15 in the amount of $1,500. These wages covered the first fifteen days of February. Employees in total earn $100 per day. Sales for week 2 were recorded on February 15. Sales for week two totaled $2,500. Of this amount, $1,300 was in cash, the remainder was on credit. Cost of chocolate sold was $1,125. suppl On February 16, Charles ordered additional $350. On February 19, the supplies were received. The suppli bill for the supplies is due in 60 days. On February 20, one of the display ca On February 21, a customer returned an store received payment of $100 from a customer who purchased chocolate on credit during week 2. un-opened box of chocolate. Charles gave the customer a cost to repair the damage was $215. Charles paid for the repair with cash. On February a customer paid $100 in advance for a basket of gourmet chocolates that will be prepared and full refund, in the amount of $50 in cash. The box of chocolate cost Charles $35. On February 22, delivered to the customer's home on March 14. On February 22, week 3 sales were recorded. Sales chocolate sold was $2,050. for week 3 totaled $4,445. Of this amount, $2,250 was in cash, the remainder on credit. Cost of On February 25, Charles paid the Green Mountain Chocolate Factory $1,000. On February 29, the store received a heating bill for the month of February. The amount of the bill is $1,000, which is not surprising given the cold Vermont winters. The bill is due on March 10. You perform an inventory of the supplies on February 29. The inventory reveals that there is $275 worth of supplies left on hand at the end of the month. Wages for the last two weeks of February will be paid on in cash, the remainder on credit. Cost of chocolate sold was $2,750. was Required: For the month of February: accounts. Balance, Income Statement, Balance Sheet 2. Prepare journal entries for all transactions. Make sure to include the date and explanations. 2. Prepare T-accounts for all accounts and post the amounts from the journal entries to the T- 3. Baepare a worksheet with the following columns: Trial Balance, Adjustments, Adjusted Trial 4. trial balance. 5. Prepare all necessary month-end adjusting entries. 6. Post the adjusting entries to the T-accounts. 7. Complete the worksheet. 8. Prepare an Income Statement, Statement of Owners' Equity, and a Balance Sheet in good form. 9. Prepare closing entries. 10. Post closing entries to the T-accounts. Fine Chocolate Co. in Stowe. VT on Charles Price, a connoisseur of fine chocolate, op February 1, 2020, by investing $30,000 in cash into the business. The shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. You have been hired as manager. Your duties include maintaining the store's financial records. On February 1, Charles paid three months" rent for the store in advance at $2,000 per month That same day, Charles purchased supplies for the store in the amount of $450 in cash from the Stowe Supply Co. The store received a delivery of candy from the Green Mountain Chocolate Factory worth $10.000 on February 1, just in time to open the store. Charles placed the order January 15. Because the store is just starting up, Charles purchased the candy on credit. The bill for the candy is due in 60 days. Charles took out an insurance policy to cover the store in the amount of $2,400. This is an annual policy that Charles paid for all at once on February 1. In order to have enough cash to pay employees and to purchase additional supplies and equipment for the store, Charles took out a loan from the Chittenden County bank in the amount of $24,000 on February 2. The loan is due in 2 years. As the new employee responsible for maintaining the store's accounting records, you realize that you will need a computer for recordkeeping and tracking inventory. You express your concern to Charles, and on February 3, he purchases a computer costing $5,000. Charles pays cash for the computer. That same day, Charles purchases furniture and fixtures for the store (shelving to display the chocolates, other display cases, etc.) for $18,500. You determine that the useful life of the computer is 3 years, and the useful life of the furniture and fixtures is 5 years. Charles decides to pay cash for the furniture and fixtures as well. In order to let people in Stowe know about his new store, Charles takes out an advertisement in the Stowe Gazette on February 3 announcing the grand opening of the store. The advertisement cost $1,000. Because the Stowe Gazette is a small business, they do not accept credit. Charles therefore had to pay cash for the advertisement. a Journal entries to record sales are entered into the general journal weekly. On February 8, week 1 sales were recorded. Week one sales were $5,500. Of this amount, $2,000 was in cash, the remainder on credit. Cost of chocolate sold was $1,500. The inventory account is updated at the same time sales are recorded. On February 10 Charles paid $500 to the Green Mountain Chocolate Factory for the chocolate received on February 1. Wages were paid on February 15 in the amount of $1,500. These wages covered the first fifteen days of February. Employees in total earn $100 per day. Sales for week 2 were recorded on February 15. Sales for week two totaled $2,500. Of this amount, $1,300 was in cash, the remainder was on credit. Cost of chocolate sold was $1,125. suppl On February 16, Charles ordered additional $350. On February 19, the supplies were received. The suppli bill for the supplies is due in 60 days. On February 20, one of the display ca On February 21, a customer returned an store received payment of $100 from a customer who purchased chocolate on credit during week 2. un-opened box of chocolate. Charles gave the customer a cost to repair the damage was $215. Charles paid for the repair with cash. On February a customer paid $100 in advance for a basket of gourmet chocolates that will be prepared and full refund, in the amount of $50 in cash. The box of chocolate cost Charles $35. On February 22, delivered to the customer's home on March 14. On February 22, week 3 sales were recorded. Sales chocolate sold was $2,050. for week 3 totaled $4,445. Of this amount, $2,250 was in cash, the remainder on credit. Cost of On February 25, Charles paid the Green Mountain Chocolate Factory $1,000. On February 29, the store received a heating bill for the month of February. The amount of the bill is $1,000, which is not surprising given the cold Vermont winters. The bill is due on March 10. You perform an inventory of the supplies on February 29. The inventory reveals that there is $275 worth of supplies left on hand at the end of the month. Wages for the last two weeks of February will be paid on in cash, the remainder on credit. Cost of chocolate sold was $2,750. was Required: For the month of February: accounts. Balance, Income Statement, Balance Sheet 2. Prepare journal entries for all transactions. Make sure to include the date and explanations. 2. Prepare T-accounts for all accounts and post the amounts from the journal entries to the T- 3. Baepare a worksheet with the following columns: Trial Balance, Adjustments, Adjusted Trial 4. trial balance. 5. Prepare all necessary month-end adjusting entries. 6. Post the adjusting entries to the T-accounts. 7. Complete the worksheet. 8. Prepare an Income Statement, Statement of Owners' Equity, and a Balance Sheet in good form. 9. Prepare closing entries. 10. Post closing entries to the T-accounts