Part B: (7 mark)\ The trial balance of

ABC

corporation as of January

1,N

had the following normal\ balances. (ABC corporation applied acerual basis, perpetual inventory system with moving\ average method) (CU:

S

)\

ABC

Corporation has got following information:\ Received cash of

$2,000

and issued common stock.\ Punchased goods on account: Quantity:

800kg

, amount:

9.400$

\ Sold 1.000kg of goods for

$13,000

. Received 10,000 by cash\ Received cash on account,

$2.000

\ Paid cash on account,

$5.000

\ Puid 6. Ealeulated monthly office rent expense of

$500

, store rent of 600 and paid saltary

$400

.\ Raid monthly salary for administrative employees:

900$

; marketing employees:

1.000$

and\ Paid

$200

cash to purchase supplies that used for this month's sales activities\ Required:\ Prepare journal entries to record each of the above transaction (included closing\ ntries)\ PrepareT-accounts to record the above transaction\ Prepare trial balance\ Prepare the income statement for ABC Corporation.