Need help with the remaining steps based on the info I provided.

Create financial statements by properly employing prescribed methods in accordance with generally accepted accounting principles:

A.Step Eight: Prepare the financial statements. Note that you must use your adjusted trial balance to prepare the income statement, statement of owners equity, and balance sheet. You must complete these statements in this order, as there are interdependencies among them. [ACC-201-03]

B.Step Nine: Complete the Closing Entries tab in your workbook by closing all temporary income statement amounts to create closing entries. [ACC-201-03]

C.Step Ten: Prepare the Post Closing Trial Balance tab for the next accounting period. [ACC-201-03]

D.Step Eleven: Prepare the reversing entries in the Reversing Entries tab of your workbook. [ACC-201-03

Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unad usted trial balance Debit Credit 33,340.75 18.500.00 TL 175.45 1,500.00 2.400.00 6.000.00 400.00 Adjusted trial balance Debit Credit 33,340.75 18.500.00 175.45 1.500.00 2.000.00 16.000.00 | 250.00 600.00 1.118,500.00 A 10.000.00 250.00 600.00 18.500.00 10.000.00 1925.00) 1540.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory. FIFO) HER Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notos Payable Interest Payable Accounts Payable Wages Payable Common Stock / Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense COGS (FIFO) L 10.000.00 55.000.00 221.00 11.925.00) 540.00! M AI16.000.00 10.000.000 55,000.00 111221.00 17,400.00) 4.500.000 (150.00) 17.400.00 250.000 | 250.00 550.000 300.00 M 250.000 250.00 375.00 |||200.00 1.1.956.00 150.00 157.80 375.00 200.00 1.956.00 150.00 157.B01 98,605.00 Lola FIFO 79.836.000 250.00 18.750.00 MB0.355.00 0 086.00 Peyton Approved Adjusting Journal Entries 2018 Date Accounts 30-Sep Depreciation Expense accumulated depreciation Debit Credit 250 250.00 30-Sep interest expense interest payable 150.00 150.00 30-Sep insurance expense prepaid insurance 400.00 400.00 30-Sep baking supplies baking supplies 17,400.00 17,400.00 30-Sep misc expense misc supplies 550.00 550.00 18,750.00 18,750.00 Peyton Approved Income Statement For Qtr. Ending 9/30/2018 Revenues: Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold Gross Profit (FIFO) $ 55,000.00 221.00 55,221.00 -157.8 55,378.80 17,400.00 4,500.00 150.00 Operating Expenses: Baking Supplies Rent Expense Interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telelphone Expense Total Operating Expenses: 300.00 250.00 375.00 200.00 1,956.00 150.00 25,281.00 Net Income (FIFO) 30,097.80 D Peyton Approved Statement of Retained Earnings For Qtr. Ending 9/30/2018 Beginning Balance: plus Net Income (FIFO) less Dividends: Ending Balance (FIFO): 30,097.80 (10,000.00) 20,097.80 Peyton Approved Balance Sheet As of September 30, 2018 Assets Current Assets: Cash Baking Supplies merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Office Supplies Accounts Recievable 33,340.75 18,500.00 175.45 1,500.00 2,000.00 600.00 18,500.00 Liabilities and Owners' Equity Current Liabilities: Notes Payable 10,000.00 Interest Payable Accounts Payable (1,925.00) Total Current Liabilities 8,075.00 Long-Term Liabilities: Wages Equity Total Long-Term Liabilities: 540.00 540.00 Total Current Assets 74,616.20 8,615.00 Total Liabilities: Long-Term/Fixed Assets: Baking Equipment Less Accumulated Depreciation 6,000.00 250.00 Equity: Common Stock Retained Earnings 16,000.00 20097.8 Total Long-Term Fixed Assets 5,750.00 Total Assets: 80,366 20 Total Equity 36,097 80 Total Liabilities & Equity 44,712.80 MAMAMAYANA Peyton Approved Closing Entries Qtr ending 9/30/2018 Date Accounts 30-Sep Bakery Sales and Merchandise Sales Income Summary 30-Sep Income Summary (FIFO) Baking Supplies Expense Rent Expense Wages Expense Office Supplies Expense Business License Expense Misc. Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense COGS FIFO 30-Sep Income Summary (FIFO) Retained Earnings FIFO 30-Sep Retained Earnings Dividends Peyton Approved Post Closing Trial Balance Qtr. Ending 9/30/2018 Unadjusted Trial Balance Debit Credit Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings FIFO Totals . ... Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unad usted trial balance Debit Credit 33,340.75 18.500.00 TL 175.45 1,500.00 2.400.00 6.000.00 400.00 Adjusted trial balance Debit Credit 33,340.75 18.500.00 175.45 1.500.00 2.000.00 16.000.00 | 250.00 600.00 1.118,500.00 A 10.000.00 250.00 600.00 18.500.00 10.000.00 1925.00) 1540.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory. FIFO) HER Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notos Payable Interest Payable Accounts Payable Wages Payable Common Stock / Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense COGS (FIFO) L 10.000.00 55.000.00 221.00 11.925.00) 540.00! M AI16.000.00 10.000.000 55,000.00 111221.00 17,400.00) 4.500.000 (150.00) 17.400.00 250.000 | 250.00 550.000 300.00 M 250.000 250.00 375.00 |||200.00 1.1.956.00 150.00 157.80 375.00 200.00 1.956.00 150.00 157.B01 98,605.00 Lola FIFO 79.836.000 250.00 18.750.00 MB0.355.00 0 086.00 Peyton Approved Adjusting Journal Entries 2018 Date Accounts 30-Sep Depreciation Expense accumulated depreciation Debit Credit 250 250.00 30-Sep interest expense interest payable 150.00 150.00 30-Sep insurance expense prepaid insurance 400.00 400.00 30-Sep baking supplies baking supplies 17,400.00 17,400.00 30-Sep misc expense misc supplies 550.00 550.00 18,750.00 18,750.00 Peyton Approved Income Statement For Qtr. Ending 9/30/2018 Revenues: Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold Gross Profit (FIFO) $ 55,000.00 221.00 55,221.00 -157.8 55,378.80 17,400.00 4,500.00 150.00 Operating Expenses: Baking Supplies Rent Expense Interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telelphone Expense Total Operating Expenses: 300.00 250.00 375.00 200.00 1,956.00 150.00 25,281.00 Net Income (FIFO) 30,097.80 D Peyton Approved Statement of Retained Earnings For Qtr. Ending 9/30/2018 Beginning Balance: plus Net Income (FIFO) less Dividends: Ending Balance (FIFO): 30,097.80 (10,000.00) 20,097.80 Peyton Approved Balance Sheet As of September 30, 2018 Assets Current Assets: Cash Baking Supplies merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Office Supplies Accounts Recievable 33,340.75 18,500.00 175.45 1,500.00 2,000.00 600.00 18,500.00 Liabilities and Owners' Equity Current Liabilities: Notes Payable 10,000.00 Interest Payable Accounts Payable (1,925.00) Total Current Liabilities 8,075.00 Long-Term Liabilities: Wages Equity Total Long-Term Liabilities: 540.00 540.00 Total Current Assets 74,616.20 8,615.00 Total Liabilities: Long-Term/Fixed Assets: Baking Equipment Less Accumulated Depreciation 6,000.00 250.00 Equity: Common Stock Retained Earnings 16,000.00 20097.8 Total Long-Term Fixed Assets 5,750.00 Total Assets: 80,366 20 Total Equity 36,097 80 Total Liabilities & Equity 44,712.80 MAMAMAYANA Peyton Approved Closing Entries Qtr ending 9/30/2018 Date Accounts 30-Sep Bakery Sales and Merchandise Sales Income Summary 30-Sep Income Summary (FIFO) Baking Supplies Expense Rent Expense Wages Expense Office Supplies Expense Business License Expense Misc. Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense COGS FIFO 30-Sep Income Summary (FIFO) Retained Earnings FIFO 30-Sep Retained Earnings Dividends Peyton Approved Post Closing Trial Balance Qtr. Ending 9/30/2018 Unadjusted Trial Balance Debit Credit Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings FIFO Totals