of the loan to your mother early in 2021. The following transactions happen during the month of December, 2021: Dec 1 2 9 11 You paid the November interest owing on the bank loan. You issued cheque #317 You collected $990 cash from a customer, on account, to whom you had previously sold a juicing machine You paid the November 30 balance of accounts payable. You issued cheque #318 You purchased, on account, 3 more juicing machines for $780 each (excluding freight). The purchase invoice also included a $51 freight charge for the cost of transporting the machines from the vendor to your place. NOTE: Since you will use the FIFO cost-flow assumption, you should make a "FIFO Inventory Record" (See textbook Illustration 6.5) for your Juicing Machine inventory You buy $202 of supplies such as protein powder, cups, straws, and fresh fruit and vegetables, on account You sold, on account, two juicing machines to Bill's Fitness for $990 each You will use the FIFO method of recording inventory transactions You make and deliver a batch of smoothies to Fred's Yoga Studio and you issue a sales invoice of $365. The invoice is payable in 30 days, You paid the amount owing on the December 11 purchase. You issued cheque #319. You purchased on account, 2 more juicing machines for 5790 each (excluding freight. The purchase invoice also included a $40 freight charge for the cost of transporting the machines from the vendor to your place. You paid $85 cash for repairs done to some equipment. You issued cheque 12 23 27 29 320 2 Search TIT E ED sold two juicing machines. You paid a casual worker $73 cash for wages for work done in December. You issued cheque #322. 31 Instructions a. Prepare the FIFO inventory record (see Illustration 6.5 in the textbook) to determine the cost of goods sold and ending inventory resulting from the inventory purchases and sales noted in the transactions above. You will need the cost of goods sold to complete the journal entry for the December 14 and 29 sales. b. Prepare the journal entries for the transactions that occurred in December, 2021. For transactions affecting 'Cash', include the cheque number in the explanation. c. Post the journal entries to the general ledger. d. Prepare an unadjusted trial balance. Chapter 4 Term Project Excel Spreadsheet Dropbox Submit your completed chapter 4 excel projects here. Term Project Part 4 Quiz Part 4 Fou have decided to use December 31, 2020 as your first year-end. Using the December 31, arch II of the loan to your mother early in 2021. The following transactions happen during the month of December, 2021: Dec 1 2 9 11 You paid the November interest owing on the bank loan. You issued cheque #317 You collected $990 cash from a customer, on account, to whom you had previously sold a juicing machine You paid the November 30 balance of accounts payable. You issued cheque #318 You purchased, on account, 3 more juicing machines for $780 each (excluding freight). The purchase invoice also included a $51 freight charge for the cost of transporting the machines from the vendor to your place. NOTE: Since you will use the FIFO cost-flow assumption, you should make a "FIFO Inventory Record" (See textbook Illustration 6.5) for your Juicing Machine inventory You buy $202 of supplies such as protein powder, cups, straws, and fresh fruit and vegetables, on account You sold, on account, two juicing machines to Bill's Fitness for $990 each You will use the FIFO method of recording inventory transactions You make and deliver a batch of smoothies to Fred's Yoga Studio and you issue a sales invoice of $365. The invoice is payable in 30 days, You paid the amount owing on the December 11 purchase. You issued cheque #319. You purchased on account, 2 more juicing machines for 5790 each (excluding freight. The purchase invoice also included a $40 freight charge for the cost of transporting the machines from the vendor to your place. You paid $85 cash for repairs done to some equipment. You issued cheque 12 23 27 29 320 2 Search TIT E ED sold two juicing machines. You paid a casual worker $73 cash for wages for work done in December. You issued cheque #322. 31 Instructions a. Prepare the FIFO inventory record (see Illustration 6.5 in the textbook) to determine the cost of goods sold and ending inventory resulting from the inventory purchases and sales noted in the transactions above. You will need the cost of goods sold to complete the journal entry for the December 14 and 29 sales. b. Prepare the journal entries for the transactions that occurred in December, 2021. For transactions affecting 'Cash', include the cheque number in the explanation. c. Post the journal entries to the general ledger. d. Prepare an unadjusted trial balance. Chapter 4 Term Project Excel Spreadsheet Dropbox Submit your completed chapter 4 excel projects here. Term Project Part 4 Quiz Part 4 Fou have decided to use December 31, 2020 as your first year-end. Using the December 31, arch