need help with the second part. thanks
Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 11/01/2020: Chelsea contributes \$25,000 cash and Clint contributes \$6,000 in cash and also. contributes industrial shelving and other equipment worth $19,000 (fair value). The shelving and cquipment have a useful life of 10 years and no residual value. 1,000 shares of $1 par Common Stock are issued to the Partners for this transaction (equally). 1101/2020: Pedal Pushers signs a lease with Rightway Realty for retail space and pays $6,600 for the first 6 month's rent. 11/01/2020: Pedal Pushers purchases a 6 month insurance policy to insure the business, paying $1,500. 11/02/2020: Pedal Pushers buys a Point-of-Sale (POS) system for the cashier station, 94,500 , on account with terms Net 45 FOB Shipping Point. It has an estimated 10 year life and no residual value. 11/04/2020: The POS system arrives and the trucking company presents a freight invoice of 592 , which Pedal Pushers pays.] 11/04/2020: Pedal Pushers borrows $15,089 from their bank. The amount must be paid back in 90 days with 5% interest. 11/04/2020: Pedal Pushers buys office supplies for $590. 1104/2020: Pedal Pushers purchases 100$85 Pro-Cycle bikes (regular size) and 60595 ProCycle bikes (XL size) on account from Discount Distribution LLC, terms 2\%/15, Net 30, FOB Destination. Pedal Pushers is selling the regular size bike for $165 and the XL size bike for \$185. the inventory should be delivered 11/9/2020. 11/05/2020: Pedal Pushers purchases 55 regular size $12 bike helmets and 25 XL size $15 bike helmets from Outitters Wholesale Corp., terms 1%/10, Net 30 , FOB Destination. The helmets the larger size. 1109/2020: Both purchases from the 4t and the 5th amive at the shop. 11/12/2020: Customer buys a regular size bike, peying cash. 11/14/2020: Customer buys 3 XL bikes, paying cash. 11/21/2020: Pedal Pushers pays for the purchase made on the 4t. 11/22020: Customer brys a regular size bike and a regular size helmet, paying cach. 11/30/2020 : A count of office supplies shows that 5320 are remaining. Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 12/01/2020: Sell on account to Walker Fitness Gym, terms 1/15, n/30, the following: 36 Regular Bikes, 36 Regular Helmets, 14 XL Bikes, 14XL Helmets. 1202/2020: Pay for the helmet purchase that was made November 5th. 1203/2020: Purchase on account, terms 2/15, n/30, FOB Destination from Discount Sports Distribution the following items, and received the same day: - 30 Regular Bikes for \$92/each - 16XL Bikes for $101 each - 80 Regular Helmets for \$13/each - 40XL Helmets for $14/ each 1204/2020: Sold to cash customers 6 XL Bikes, 5 XL Helmets, 3 Regular Bikes, and 4 Regular Helmets. 12/5/2020: Sold to cash customers 22 Regular Bikes, 18 Regular Helmets, and 5 XL Bikes. 12/6/2020: Paid the bill for the purchase of the Point-of-Sale system. 12/8/2020: Received a utilities bill for the bundled phone/internet for the shop. Paid it the same day, $245. 12/10/2020: Sold to cash customers 19 Regular Bikes, 2 Regular Helmets, 12 XL Bikes, 6 XL Helmets. 12/11/2020: Sold on account to Ripley's Raceway Park, terms 1/15, n/30, 20 each of the 4 inventory items. 12/12/2020: Received payment from Walker's Fitness Gym for the entire purchase they made with us on December 114. 12/15/2020: Clint and Chelsea decide to take a \$2,000 dividend for each of them. They will close the shop for a few weeks to enjoy the year-end holidays and resume business the following year. Adjusting entries: you should make adjusting entries for any expense items needed. Also, a count of office supplies shows only 565 remaining. From the Adjusted Trial Balance prepared in Part 1, prepare the four financial statements, followed by closing entries, and the Post-closing Trial Balance. Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 11/01/2020: Chelsea contributes \$25,000 cash and Clint contributes \$6,000 in cash and also. contributes industrial shelving and other equipment worth $19,000 (fair value). The shelving and cquipment have a useful life of 10 years and no residual value. 1,000 shares of $1 par Common Stock are issued to the Partners for this transaction (equally). 1101/2020: Pedal Pushers signs a lease with Rightway Realty for retail space and pays $6,600 for the first 6 month's rent. 11/01/2020: Pedal Pushers purchases a 6 month insurance policy to insure the business, paying $1,500. 11/02/2020: Pedal Pushers buys a Point-of-Sale (POS) system for the cashier station, 94,500 , on account with terms Net 45 FOB Shipping Point. It has an estimated 10 year life and no residual value. 11/04/2020: The POS system arrives and the trucking company presents a freight invoice of 592 , which Pedal Pushers pays.] 11/04/2020: Pedal Pushers borrows $15,089 from their bank. The amount must be paid back in 90 days with 5% interest. 11/04/2020: Pedal Pushers buys office supplies for $590. 1104/2020: Pedal Pushers purchases 100$85 Pro-Cycle bikes (regular size) and 60595 ProCycle bikes (XL size) on account from Discount Distribution LLC, terms 2\%/15, Net 30, FOB Destination. Pedal Pushers is selling the regular size bike for $165 and the XL size bike for \$185. the inventory should be delivered 11/9/2020. 11/05/2020: Pedal Pushers purchases 55 regular size $12 bike helmets and 25 XL size $15 bike helmets from Outitters Wholesale Corp., terms 1%/10, Net 30 , FOB Destination. The helmets the larger size. 1109/2020: Both purchases from the 4t and the 5th amive at the shop. 11/12/2020: Customer buys a regular size bike, peying cash. 11/14/2020: Customer buys 3 XL bikes, paying cash. 11/21/2020: Pedal Pushers pays for the purchase made on the 4t. 11/22020: Customer brys a regular size bike and a regular size helmet, paying cach. 11/30/2020 : A count of office supplies shows that 5320 are remaining. Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 12/01/2020: Sell on account to Walker Fitness Gym, terms 1/15, n/30, the following: 36 Regular Bikes, 36 Regular Helmets, 14 XL Bikes, 14XL Helmets. 1202/2020: Pay for the helmet purchase that was made November 5th. 1203/2020: Purchase on account, terms 2/15, n/30, FOB Destination from Discount Sports Distribution the following items, and received the same day: - 30 Regular Bikes for \$92/each - 16XL Bikes for $101 each - 80 Regular Helmets for \$13/each - 40XL Helmets for $14/ each 1204/2020: Sold to cash customers 6 XL Bikes, 5 XL Helmets, 3 Regular Bikes, and 4 Regular Helmets. 12/5/2020: Sold to cash customers 22 Regular Bikes, 18 Regular Helmets, and 5 XL Bikes. 12/6/2020: Paid the bill for the purchase of the Point-of-Sale system. 12/8/2020: Received a utilities bill for the bundled phone/internet for the shop. Paid it the same day, $245. 12/10/2020: Sold to cash customers 19 Regular Bikes, 2 Regular Helmets, 12 XL Bikes, 6 XL Helmets. 12/11/2020: Sold on account to Ripley's Raceway Park, terms 1/15, n/30, 20 each of the 4 inventory items. 12/12/2020: Received payment from Walker's Fitness Gym for the entire purchase they made with us on December 114. 12/15/2020: Clint and Chelsea decide to take a \$2,000 dividend for each of them. They will close the shop for a few weeks to enjoy the year-end holidays and resume business the following year. Adjusting entries: you should make adjusting entries for any expense items needed. Also, a count of office supplies shows only 565 remaining. From the Adjusted Trial Balance prepared in Part 1, prepare the four financial statements, followed by closing entries, and the Post-closing Trial Balance
