Need journal entries, balance sheet, income statement, and analysis!! will rate

500 540 300 College Coasters is a San Diego-based merchandiser specializing in logo adored drink coasters. The company reported the following balances in its unadjusted trial balance at December 1 Cash $9,800 Accounts Receivable 1,900 Inventory Prepaid Rent Equipment 660 Accumulated Depreciation 110 Accounts Payable 1,380 Salaries and Wages Payable Income Taxes Payable Common Stock 6,460 Retained tarnings 2,600 Sales Revenue 14,180 Cost of Goods Sold 7,570 Rent Expense 990 Salaries and Wages Expense 1,600 Depreciation Expense 110 Income Tax Expense Office Expense 1,300 The company buys coosters from one supplier. All amounts in Accounts Payable on December 1 are owed to that supplier The Inventory on December 1 consisted of 1,000 coasters, all of which were purchased in a batch on July 10 at a unit cost of $0 50 College Coasters records its Inventory using perpetual inventory accounts and the FIFO cost flow method During December, the company entered into the following transactions Some of these transacdons are explained in greater detail below e a. Purchased 400 coasters on account from the regular supplier on 12/1 et a unit cost of 50 52, with terms of n/60 b. Purchased 1.000 coasters on account from the regular supplier on 12/2 at a unit cost of $0.55, with terms of n/60 c Sold 1900 coasters on account on 12/3 at a unit price of $110 d Collected $970 from customers on account on 12/4 e Paid the supplier $1,380 cash on account on 12/18 Paid employees $490 on 12/23, of which $270 related to work done in November and $220 was for wages up to December 22 9 Loaded 100 coasters on a cargo ship on 12/31 to be delivered the following week to a customer in Kona, Hawall. The sale was made FOB destination with terms of n/60 Other relevant information includes the following at 12/31 n College Consters has not yet recorded $190 of omice expenses incurred in December on account The company estimates that the equipment Depreciates at a rate of 39 per month One month of depreciation needs to be recorded Wages for the period from December 23-31 are $100 and will be paid on January 15 The $540 of Prepaid Rent relates to a six-month period ending on May 31 of next year The company incurred $700 of income tax but has made no tax payments this year m No shrinkage or damage was discovered when the inventory was counted on December 31 The company did not declare dividends and there were no transactions involving common stock General Jou Balance Sheet Regent General Ledger Trial Balance Theme Statement Ana Prepare the journal entries to record the transactions () through (n) Review the accounts as shown in the General Ledger and Trial Balance tabs. (If no entry is required for a transaction event select "No joumal entry required in the first account field) Viewraction hot Journal entry worksheet 2 3 5 0 7 0 BRE 15 Purchased 400 coaster on account from the regular supplier on 12/1 ataunit cost of $ 52, with terms of 60. Record the transaction Ne mer dette before credit Date General Journal December 01 Debit Credit Recordandy Clear entry View general Journal Revement General Journal General Ledger The Balance Income Statement Balance Sheet Analye Ooose the appropriate accounts to be reported on the income statement. Select the 'adjusted from the dropdown, which wil then populate the balances in the accounts from the trial balance. However, you will need to calculate and enter the amount of the net income or loss for the year ended December 31 Unadjusted COLLEGE COAGTERS Income Statement For the Year Ended December 31 Requirement Canere Jual General Ledger Tal Balance Income Statement Balance Sheet AAS Use the dropdown to select the accounts properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account based on your selection. However, you will need to enter the amount of the Equipment (Net of accumulated depreciation), Common stock and Retained earnings as of December 31 Unadjusted COLLEOL COASTERS Balance Sheet As of December 31 D General Requirement General Joumal Income Trial Balance Ledger Statement Balance Shout Analysis Calculate the inventory turnover ratio and days to sell, assuming that inventory was $500 on January 1 of this year. (Use 365 days a year Round your intermediate calculations and final answers to 1 decimal place) Inventory Turnover Ratio times per year Days to Sell days