Part 2: Post all the transactions for the month of December from the General Journal to the General Ledger Part 3: Complete a Trial Balance as of December 31,2019 Part 4: Record the adjusting entries for Cougar Trike Bikes for the month of December in the General Journal Transaction Date 12/31 Record the year-end adjusting entry for the note payable 12/31Bikes on 12/7 would total S300 for parts and labor in 2020 ption Adj. 1 It was estimated that the warranty costs for the sale to Johnson Adj. 2 Adj. 3 12/3 At the end of December, $6,000 of supplies remain on hand. It is estimated that 8% of the accounts receivable would be Adi. 4 12/31 uncollectible Salaries for the second half of December are $1,200, but they Adj. 5 12/31 will not be paid until January 3.. Due to Business Start up tax credit no income tax was owed at Adj 6 no entry 12/3 the end of 2019 Part 5: Post all the adjusting entries for the month of December from the General Journal to the General Ledger. The General Leger is located at the end of the document templates (start on page 12). Remember to reference each journal entry and ending balance Part 6: Complete an Adjusted Trial Balance as of December 31, 2019 * Remember a balance in an account on the trial balance will carry over to the adjusted trial balance if it was not changed by an adjusting journal entry.* Part 7: Complete a MULTI-STEP Income Statement for the month ended December 31, 2019 Part 8: Complete a Statement of Retained Earnings for the month ended December 31, 2019 Part 9: Prepare a CLASSIFIED Balance Sheet as of December 31, 2019 Part 10: Record the closing entries for the year-ending December 31, 2019 Part 11: Post all the year-end closing entries from the General Journal to the General Ledger Part 12: Prepare a Post-Closing Trial Balance Part 2 T-accounts start on page 12 Part 3 Trial Balance on page 7 General Journal - Adjusting Entries Part4 Ref#| Date |Account Debit Credit 12/31 A 1 12/31 A 2 12/31 12/31 A. 4 12/31 A. 5 Part 3 Cougar Trike Bikes Trial Balance December 31,2019 Account Debit Credit otal Cougar Trike Bikes Adjusted Trial Balance December 31,2019 Account Debit Credit Total 155,830 155,830 Cougar Trike Bikes Multi-Step Income Statement For the Year Ended December 31, 2019 Revenue Gross Profit Total ating Expenses ating Income Income Before Income Taxes Income Tax Expense Net Income Part 8 Cougar Trike Bikes Statement of Retained Earnings December 31, 2019 Beginning Balance, January 1, 2019 Net Income Less: Dividend Ending Balance, December 31, 2019 Page 9 Part 9 Cougar Trike Bikes Balance Sheet December 31, 2019 Assets Liabilities Total Current Assets Total Current Liabilities Long Term Assets: Total Liabilities (no long-term assets) Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Total Assets 92,804 Stockholders' Equity S General Journal - Closing Entries Part 10 Ref# Date Account Debit Credit 12/31 C.1 Retained Earnings 78,884 12/31 Retained Earnings 59,930 C.2 12/31 Retained Earnings No entry Dividends Part 12 Cougar Trike Bikes Post-Closing Trial Balance December 31, 2019 Account Debit Credit Cash Accounts Reccivable Less: Allowance for uncollectible accounts Invent Supplies Accounts Payable Notes Payable Salaries Payable Deferred Revenue Warranty Labilit Interest Payable Safety Contin Common Stock Retained Earnin otal Loss Liabilit 93,884 Page II Posting Ref BB-Balance as ofDecember T, 201 TB Trial Balance ending balance) Total ATB = Adjusted Trial Balance (ending balance) CB-Closing Trial Balance (ending balance) Post Journal references in left column for debits and right column for credits in each account Cash Accounts Receivable 50,600 15,000 TB/ATB Allowance for Uncollectible Accounts TB/ATB 41,854 2,000 Merchandise Invento 10,000 ATB TB/ATB Notes Payable TB/ATB Supplie Deferred (Unearned) Revenue 4,000 TB/ATB ATB Interest Payable ATB Accounts Payable 2,000 Safety Contingency Liabilit TB/ATB TB/ATB Warranty Liabilit ATB Salaries Payable Safety Contingency Loss Ref 1,200 TB/ATB TB CB 0 Supplies Expense ATB ATB Sales Revenue 0 68,500 Salaries Expense BB/TB 12,100 TB/ATB ATB CB CB 0 Sales Discounts Interest Expense TB/ATB ATB CB 0 CB 0 Bad Debt Expense Sales Returns ATB 0 CB 0 TB/ ATB 0 Warranty Expense ATB Cost of Goods Sold CB 0 32,000 Common Stock 50,000BB/TB/ATB TB/ATB Retained Earnin 0 0 BB/TB/ATB Part 2: Post all the transactions for the month of December from the General Journal to the General Ledger Part 3: Complete a Trial Balance as of December 31,2019 Part 4: Record the adjusting entries for Cougar Trike Bikes for the month of December in the General Journal Transaction Date 12/31 Record the year-end adjusting entry for the note payable 12/31Bikes on 12/7 would total S300 for parts and labor in 2020 ption Adj. 1 It was estimated that the warranty costs for the sale to Johnson Adj. 2 Adj. 3 12/3 At the end of December, $6,000 of supplies remain on hand. It is estimated that 8% of the accounts receivable would be Adi. 4 12/31 uncollectible Salaries for the second half of December are $1,200, but they Adj. 5 12/31 will not be paid until January 3.. Due to Business Start up tax credit no income tax was owed at Adj 6 no entry 12/3 the end of 2019 Part 5: Post all the adjusting entries for the month of December from the General Journal to the General Ledger. The General Leger is located at the end of the document templates (start on page 12). Remember to reference each journal entry and ending balance Part 6: Complete an Adjusted Trial Balance as of December 31, 2019 * Remember a balance in an account on the trial balance will carry over to the adjusted trial balance if it was not changed by an adjusting journal entry.* Part 7: Complete a MULTI-STEP Income Statement for the month ended December 31, 2019 Part 8: Complete a Statement of Retained Earnings for the month ended December 31, 2019 Part 9: Prepare a CLASSIFIED Balance Sheet as of December 31, 2019 Part 10: Record the closing entries for the year-ending December 31, 2019 Part 11: Post all the year-end closing entries from the General Journal to the General Ledger Part 12: Prepare a Post-Closing Trial Balance Part 2 T-accounts start on page 12 Part 3 Trial Balance on page 7 General Journal - Adjusting Entries Part4 Ref#| Date |Account Debit Credit 12/31 A 1 12/31 A 2 12/31 12/31 A. 4 12/31 A. 5 Part 3 Cougar Trike Bikes Trial Balance December 31,2019 Account Debit Credit otal Cougar Trike Bikes Adjusted Trial Balance December 31,2019 Account Debit Credit Total 155,830 155,830 Cougar Trike Bikes Multi-Step Income Statement For the Year Ended December 31, 2019 Revenue Gross Profit Total ating Expenses ating Income Income Before Income Taxes Income Tax Expense Net Income Part 8 Cougar Trike Bikes Statement of Retained Earnings December 31, 2019 Beginning Balance, January 1, 2019 Net Income Less: Dividend Ending Balance, December 31, 2019 Page 9 Part 9 Cougar Trike Bikes Balance Sheet December 31, 2019 Assets Liabilities Total Current Assets Total Current Liabilities Long Term Assets: Total Liabilities (no long-term assets) Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Total Assets 92,804 Stockholders' Equity S General Journal - Closing Entries Part 10 Ref# Date Account Debit Credit 12/31 C.1 Retained Earnings 78,884 12/31 Retained Earnings 59,930 C.2 12/31 Retained Earnings No entry Dividends Part 12 Cougar Trike Bikes Post-Closing Trial Balance December 31, 2019 Account Debit Credit Cash Accounts Reccivable Less: Allowance for uncollectible accounts Invent Supplies Accounts Payable Notes Payable Salaries Payable Deferred Revenue Warranty Labilit Interest Payable Safety Contin Common Stock Retained Earnin otal Loss Liabilit 93,884 Page II Posting Ref BB-Balance as ofDecember T, 201 TB Trial Balance ending balance) Total ATB = Adjusted Trial Balance (ending balance) CB-Closing Trial Balance (ending balance) Post Journal references in left column for debits and right column for credits in each account Cash Accounts Receivable 50,600 15,000 TB/ATB Allowance for Uncollectible Accounts TB/ATB 41,854 2,000 Merchandise Invento 10,000 ATB TB/ATB Notes Payable TB/ATB Supplie Deferred (Unearned) Revenue 4,000 TB/ATB ATB Interest Payable ATB Accounts Payable 2,000 Safety Contingency Liabilit TB/ATB TB/ATB Warranty Liabilit ATB Salaries Payable Safety Contingency Loss Ref 1,200 TB/ATB TB CB 0 Supplies Expense ATB ATB Sales Revenue 0 68,500 Salaries Expense BB/TB 12,100 TB/ATB ATB CB CB 0 Sales Discounts Interest Expense TB/ATB ATB CB 0 CB 0 Bad Debt Expense Sales Returns ATB 0 CB 0 TB/ ATB 0 Warranty Expense ATB Cost of Goods Sold CB 0 32,000 Common Stock 50,000BB/TB/ATB TB/ATB Retained Earnin 0 0 BB/TB/ATB