Other relevant information includes the following at $12/31$:

h$.$ College Coasters has not yet recorded $$180$ of office expenses incurred in December on account.

i$.$ The company estimates that the equipment depreciates at a rate of $$8$ per month. One month of depreciation needs to be recorded.

j$.$ Wages for the period from December $23-31$ are $$100$ and will be paid on January $15.$

k$.$ The $$540$ of Prepaid Rent relates to a six$-$month period ending on May $31$ of next year.

I. The company incurred $$800$ 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 $31.$

n$.$ The company did not declare dividends and there were no transactions involving common stock.

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],$Balance Sheet,Analysis$]]$

General Journal tab $-$ Prepare the journal entries to record the transactions $($a$)$ through $($n$).$ Review the accounts as shown in the General Ledger and Trial Balance tabs$.$

General Ledger tab $-$ Each journal entry is posted automatically to the general ledger. Use the drop$-$down button to view the unadjusted, adjusted, or post$-$closing balances in the General Ledger.

Trial Balance tab $-$ You may view either the unadjusted, adjusted, or post$-$closing trial balance by choosing from the dropdown.

Income Statement tab $-$ Use the drop$-$down to select the accounts properly included on the income statement. The unadjusted, adjusted, or post $7$ closing balances will appear for each account based on your selection.

Balance Sheet tab $-$ Use the drop$-$down to select the accounts to properly included on the balance sheet. The unadjusted, adjusted, or post$-$closing balances will appear for each account, based on your selection.

Analysis tab $-$ Calculate to one decimal place the inventory turnover ratio and days to sell in 'Analysis Tab.$\text{'}$