PART 1: 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 $18,000 cash and Clint contributes $6,000 in cash and industrial shelving and other equipment worth $12,000 (fair value). The shelving and equipment have a useful life of 10 years and no residual value. 1,000 shares of $2 par Common Stock are issued to the Partners for this transaction.

11/01/2020: Pedal Pushers signs a lease with Rightway Realty for retail space and pays $2,700 for the first 3 months 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, $4,500, on account with terms Net 45 FOB Shipping Point. It has an estimated 6 year life and no residual value.

11/04/2020: The POS system arrives and the trucking company presents a freight invoice of $92, which Pedal Pushers pays.

11/04/2020: Pedal Pushers borrows $15,000 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.

11/04/2020: Pedal Pushers purchases 100 $85 Pro-Cycle bikes (regular size) and 60 $95 Pro-Cycle 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 Outfitters Wholesale Corp., terms 1%/10, Net 30, FOB Destination. The helmets should arrive 11/9/2020. The company will charge customers $24 for the regular size and $30 for the larger size.

11/09/2020: Both purchases from the 4^th and the 5^th arrive at the shop.

11/12/2020: Customer buys a regular size bike, paying cash.

11/14/2020: Customer buys 2 XL bikes, paying cash.

11/21/2020: Pedal Pushers pays for the purchase made on the 4^th.

11/22/2020: Customer buys a regular size bike and a regular size helmet, paying cash.

11/30/2020: A count of office supplies shows that $320 are remaining.

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, 14 XL Helmets.

12/02/2020: Pay for the helmet purchase that was made November 5^th.

12/03/2020: 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
• 16 XL Bikes for $101/each
• 80 Regular Helmets for $13/each
• 40 XL Helmets for $14/each

12/04/2020: 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, $215.

12/10/2020: Sold to cash customers 19 Regular Bikes, 2 Regular Helmets, 10 XL Bikes, 6 XL Helmets.

12/11/2020: Sold on account to Ripleys Raceway Park, terms 1/15, n/30, 20 each of the 4 inventory items.

12/12/2020: Received payment from Walkers Fitness Gym for the entire purchase they made with us on December 1^st.

12/15/2020: Clint and Chelsea decide to take a $5,000 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 $65 remaining.

I need help from 11/21/20 to 12/15/20. The info from before 11/21 is to help with the rest of the problem.

Thanks