Part One Instructions Record the September 2023 transactions, journal entries, in an Excel Spreadsheet. An example of an Excel spreadsheet follows the transactions below. No explanation is required for the journal entries. Instead of recording the names of the accounts use the corresponding account numbers in the chart of accounts. Prepare the journal entries as shown in an Excel Spreadsheet following the transactions below. Once you have written all the journal entries in the Excel Spreadsheet, you will use the spreadsheet to enter the information into Blackboard for a grade. Once you are finished entering the journal entries into Blackboard, you will upload your Excel Spreadsheet into Blackboard. Here are the instructions to turn in the documents for each part of the practice set: Step 1: Enter the journal entries into the Excel Template spreadsheet and when completed print it out. Step 2: Use the Excel spreadsheet to answer the questions in Blackboard for the corresponding week in the content folder. Step 3: Once you complete entering information into Blackboard, upload the spreadsheet into Blackboard by clicking on the navigation pane then clicking on Practice Set. \begin{tabular}{|c|c|c|c|} \hline 5. & 9/03/23 & & \\ \hline 6. & 9/05/23 & Deposit #2 & \begin{tabular}{l} Signed a note payable to borrow 55,000 from Welis Fargo Bank. \\ interest is 9% annually and the note is to be repaid with interest in \\ six months. \end{tabular} \\ \hline 7. & 9/05/23 & Ck 11003 & \begin{tabular}{l} six months. \\ Purchased a delivery van for $16,000 from Marvin's Motors. The \\ estimated service life of this asset is 5 years. The residual (salvage \\ value) is $1,000. This will be recorded as Delivery Van and \\ depreclated using the Straight-Line Depreciation Method in the \\ adjusting journal entries. Depreciation will be recorded in the \\ adjusting entries in part 2 . \end{tabular} \\ \hline 8. & 9/06/23 & Ck #1004 & \begin{tabular}{l} Paid $600 to have Bella's logo painted on the side of the van. This \\ should be added to the cost of the van and depreciated over the life \\ of the van. \end{tabular} \\ \hline 9. & 9/06/23 & Ck#1005 & \begin{tabular}{l} Paid $500 for business cards, flyers, and posters. This will be \\ recorded as prepaid advertising. \end{tabular} \\ \hline 10. & 9/08/23 & & \begin{tabular}{l} Purchased $900 of inventory-helium from Hector's Helium on \\ account. The vendor extended credit terms of 2/15,n/30. \end{tabular} \\ \hline 11. & 9/03/23 & & \begin{tabular}{l} Purchased $6,200 of inventory-balloons from Balloon Blast on \\ account. The vendor extended credit terms of 2/15n/30. \end{tabular} \\ \hline 12. & 9/13/23 & Ck#1006 & Ms. Boone recelved and paid the $800 charge from her lawyer. \\ \hline 13. & 9/18/23 & & \begin{tabular}{l} Bella's Balloon Bouquet, Inc. is now open for business. Sales will be \\ both retail and wholesale. Retail customers will purchase online \\ and at the shop and will be charged an 8.25% sales tax. Ms. Boone \\ will allow major customers to charge their purchases on account \\ and then pay later. \end{tabular} \\ \hline 4. & 9/18/23 & & \begin{tabular}{l} Sold a balloon arch to UTEP for homecoming on account for $4,000. \\ The cost of the balloons is $1,700. The cost of the helium is $500. \\ UTEP does not have to pay sales tax on the purchase. \end{tabular} \\ \hline 5. & 9/18/23 & & \begin{tabular}{l} Purchased $300 of ribbon and string (used in making the \\ arrangements) on account. This is to be treated as supplies. \\ Purchased additional balloons from \end{tabular} \\ \hline 6. & 9/18/23 & & \begin{tabular}{l} Purchased additional balloons from Balloon Blast on account, for \\ $7,500. Credit terms are 2/10,n/30. \\ Recorded cash sales for the first fives. \end{tabular} \\ \hline & 9/19/23 & Deposit \#3. & \begin{tabular}{l} Recorded cash sales for the first five days of operation. Sales \\ totaled $6,000 and the sales tax collected totaled $A05 \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & & & \begin{tabular}{l} 56,495 was deposited in the bank. The cost of merchandive wold \\ was 54,200 . (ballooms were $3,900 and helium was 5300 ) \end{tabular} \\ \hline 18 & 9/20/23 & CKN1007 & \begin{tabular}{l} proceived and paid the 5300 invoice for supplies, string ribbons \\ purchased on 9/18/23. \end{tabular} \\ \hline 19. & 9/22/23 & CKM1008 & Paid the invoice from Hector's Helium from 9/08/23. \\ \hline21.20. & 9/22/23 & & \begin{tabular}{l} Paid the \\ Ordered $700 of hellium on account. \\ Ms. Eoone donated a balloon bouquet to the Humane Society fund \\ business. Her business was listed as a sponsor and a large ad was \\ put in the fund raiser program. Cost of the balloons were $600 and \\ the helium was $100. Ms. Boone considers this an advertising \\ expense. \end{tabular} \\ \hline 22. & 9/23/23 & Deposit \#4 & \begin{tabular}{l} expenise. \\ Received payment in full from UTEP. The payment was deposited in \\ the bank. \end{tabular} \\ \hline 23. & 9/23/23 & Ck H1009 & \begin{tabular}{l} Ms. Boone paid her credit card bill for the month. The bill was $300 \\ which was for gas for the delivery van and $50 was for decorative \\ ribbons used for the Humane Society balloon arrangement. \end{tabular} \\ \hline 24. & 9/23/23 & Ck \#1010 & Purchased and paid for $50 of shipping supplies. \\ \hline 25. & 9/23/23 & Deposit \#5 & \begin{tabular}{l} Internet and retail sales totaled $7,000 and sales taxes of $560 was \\ collected. The cost of the merchandise sold was $4,500 (Balloons \\ $4,000;; Helium $500 ). The money was deposited in the bank. \end{tabular} \\ \hline 26. & 9/23/23 & Ck\#1011 & \begin{tabular}{l} Paid the balance due to Balloon Blast. There are two invoices; one \\ on 9/8/23 and the other on 9/18/23. \end{tabular} \\ \hline 27. & 9/25/23 & Deposit \#6 & \begin{tabular}{l} Collected and deposited $2,300 of payments. Sales tax totaled \\ $189.75. The cost of the merchandise sold was $1,050. (Balloons \\ $1,000; Helium $50 ). \end{tabular} \\ \hline 28. & 9/28/23 & & Received but did not pay the utility bill for the month, $120. \\ \hline 29. & 9/30/23 & Ck #1012 & \begin{tabular}{l} Paid the first monthly installment on the computer equipment. The \\ payment amount is $636. Of this amount, $36 is for interest and \\ $600 is for principal. Make the check payable to Office Mart. \end{tabular} \\ \hline 30. & 9/30/23 & Deposit \#7 & \begin{tabular}{l} Recorded internet sales for the last week of the month. Sales of \\ $3,400 were deposited. The cost of the merchandise sold was \\ $1,250 (Balloons $1,200; Helium $50 ). Sales tax collected is $280.50. \end{tabular} \\ \hline 31. & 9/30/23 & Ck #1013 & \begin{tabular}{l} Paid all sales tax owed for September to the Comptroller of Public \\ Accounts. \end{tabular} \\ \hline 32. & 9/30/23 & Ck \#1014 & Declared and paid a cash dividend of $100 to Bella Boone. \\ \hline \end{tabular} Part Three Instructions Before preparing the T-Accounts make sure that all journal entries are corrected so that the ending balance in the T-Accounts will be correct. Find the ending balance for each account. Do this by creating a T-account for each account in an Excel Spreadsheet as shown in the template after the instructions here. Put all debits and credits in each account and calculate the ending balance. All accounts that were used in the Chart of Accounts should be included and if the account has a zero balance place the zero on the normal balance side. Once you finish preparing all the balances in each account, use the spreadsheet to answer the questions in Blackboard. In Blackboard the question will be the same for each account. What is the balance in Account number 10000 (or whatever account it asks) and what is the normal balance? Since it asked for account number 10000 that is the cash account and then enter your answer below as written: Dr $10.500.00 This will be done for each account. Use the spreadsheet to answer the questions in Blackboard. Once you complete answering the questions in Blackboard then upload your T-Account Spreadsheet to Blackboard following the instructions below: Step 1: Enter the journal entries into the Excel Template spreadsheet and when completed print it out. Step 2: Use the Excel spreadsheet to answer the questions in Blackboard for the corresponding week in the content folder. Step 3: Once you complete entering information into Blackboard, upload the spreadsheet into Blackboard by clicking on the navigation pane then clicking on Practice Set. A template for the T-Accounts follows. Some accounts such as cash will require more than just one or two lines. Requirements 1. Correct Errors: Correct any errors that you made on the journal and adjusting journal entries before entering the information into the T-Accounts. 2. Account Balances: Once you have completed entering the transactions then prepare the ending balance in each account. Part One Instructions Record the September 2023 transactions, journal entries, in an Excel Spreadsheet. An example of an Excel spreadsheet follows the transactions below. No explanation is required for the journal entries. Instead of recording the names of the accounts use the corresponding account numbers in the chart of accounts. Prepare the journal entries as shown in an Excel Spreadsheet following the transactions below. Once you have written all the journal entries in the Excel Spreadsheet, you will use the spreadsheet to enter the information into Blackboard for a grade. Once you are finished entering the journal entries into Blackboard, you will upload your Excel Spreadsheet into Blackboard. Here are the instructions to turn in the documents for each part of the practice set: Step 1: Enter the journal entries into the Excel Template spreadsheet and when completed print it out. Step 2: Use the Excel spreadsheet to answer the questions in Blackboard for the corresponding week in the content folder. Step 3: Once you complete entering information into Blackboard, upload the spreadsheet into Blackboard by clicking on the navigation pane then clicking on Practice Set. \begin{tabular}{|c|c|c|c|} \hline 5. & 9/03/23 & & \\ \hline 6. & 9/05/23 & Deposit #2 & \begin{tabular}{l} Signed a note payable to borrow 55,000 from Welis Fargo Bank. \\ interest is 9% annually and the note is to be repaid with interest in \\ six months. \end{tabular} \\ \hline 7. & 9/05/23 & Ck 11003 & \begin{tabular}{l} six months. \\ Purchased a delivery van for $16,000 from Marvin's Motors. The \\ estimated service life of this asset is 5 years. The residual (salvage \\ value) is $1,000. This will be recorded as Delivery Van and \\ depreclated using the Straight-Line Depreciation Method in the \\ adjusting journal entries. Depreciation will be recorded in the \\ adjusting entries in part 2 . \end{tabular} \\ \hline 8. & 9/06/23 & Ck #1004 & \begin{tabular}{l} Paid $600 to have Bella's logo painted on the side of the van. This \\ should be added to the cost of the van and depreciated over the life \\ of the van. \end{tabular} \\ \hline 9. & 9/06/23 & Ck#1005 & \begin{tabular}{l} Paid $500 for business cards, flyers, and posters. This will be \\ recorded as prepaid advertising. \end{tabular} \\ \hline 10. & 9/08/23 & & \begin{tabular}{l} Purchased $900 of inventory-helium from Hector's Helium on \\ account. The vendor extended credit terms of 2/15,n/30. \end{tabular} \\ \hline 11. & 9/03/23 & & \begin{tabular}{l} Purchased $6,200 of inventory-balloons from Balloon Blast on \\ account. The vendor extended credit terms of 2/15n/30. \end{tabular} \\ \hline 12. & 9/13/23 & Ck#1006 & Ms. Boone recelved and paid the $800 charge from her lawyer. \\ \hline 13. & 9/18/23 & & \begin{tabular}{l} Bella's Balloon Bouquet, Inc. is now open for business. Sales will be \\ both retail and wholesale. Retail customers will purchase online \\ and at the shop and will be charged an 8.25% sales tax. Ms. Boone \\ will allow major customers to charge their purchases on account \\ and then pay later. \end{tabular} \\ \hline 4. & 9/18/23 & & \begin{tabular}{l} Sold a balloon arch to UTEP for homecoming on account for $4,000. \\ The cost of the balloons is $1,700. The cost of the helium is $500. \\ UTEP does not have to pay sales tax on the purchase. \end{tabular} \\ \hline 5. & 9/18/23 & & \begin{tabular}{l} Purchased $300 of ribbon and string (used in making the \\ arrangements) on account. This is to be treated as supplies. \\ Purchased additional balloons from \end{tabular} \\ \hline 6. & 9/18/23 & & \begin{tabular}{l} Purchased additional balloons from Balloon Blast on account, for \\ $7,500. Credit terms are 2/10,n/30. \\ Recorded cash sales for the first fives. \end{tabular} \\ \hline & 9/19/23 & Deposit \#3. & \begin{tabular}{l} Recorded cash sales for the first five days of operation. Sales \\ totaled $6,000 and the sales tax collected totaled $A05 \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & & & \begin{tabular}{l} 56,495 was deposited in the bank. The cost of merchandive wold \\ was 54,200 . (ballooms were $3,900 and helium was 5300 ) \end{tabular} \\ \hline 18 & 9/20/23 & CKN1007 & \begin{tabular}{l} proceived and paid the 5300 invoice for supplies, string ribbons \\ purchased on 9/18/23. \end{tabular} \\ \hline 19. & 9/22/23 & CKM1008 & Paid the invoice from Hector's Helium from 9/08/23. \\ \hline21.20. & 9/22/23 & & \begin{tabular}{l} Paid the \\ Ordered $700 of hellium on account. \\ Ms. Eoone donated a balloon bouquet to the Humane Society fund \\ business. Her business was listed as a sponsor and a large ad was \\ put in the fund raiser program. Cost of the balloons were $600 and \\ the helium was $100. Ms. Boone considers this an advertising \\ expense. \end{tabular} \\ \hline 22. & 9/23/23 & Deposit \#4 & \begin{tabular}{l} expenise. \\ Received payment in full from UTEP. The payment was deposited in \\ the bank. \end{tabular} \\ \hline 23. & 9/23/23 & Ck H1009 & \begin{tabular}{l} Ms. Boone paid her credit card bill for the month. The bill was $300 \\ which was for gas for the delivery van and $50 was for decorative \\ ribbons used for the Humane Society balloon arrangement. \end{tabular} \\ \hline 24. & 9/23/23 & Ck \#1010 & Purchased and paid for $50 of shipping supplies. \\ \hline 25. & 9/23/23 & Deposit \#5 & \begin{tabular}{l} Internet and retail sales totaled $7,000 and sales taxes of $560 was \\ collected. The cost of the merchandise sold was $4,500 (Balloons \\ $4,000;; Helium $500 ). The money was deposited in the bank. \end{tabular} \\ \hline 26. & 9/23/23 & Ck\#1011 & \begin{tabular}{l} Paid the balance due to Balloon Blast. There are two invoices; one \\ on 9/8/23 and the other on 9/18/23. \end{tabular} \\ \hline 27. & 9/25/23 & Deposit \#6 & \begin{tabular}{l} Collected and deposited $2,300 of payments. Sales tax totaled \\ $189.75. The cost of the merchandise sold was $1,050. (Balloons \\ $1,000; Helium $50 ). \end{tabular} \\ \hline 28. & 9/28/23 & & Received but did not pay the utility bill for the month, $120. \\ \hline 29. & 9/30/23 & Ck #1012 & \begin{tabular}{l} Paid the first monthly installment on the computer equipment. The \\ payment amount is $636. Of this amount, $36 is for interest and \\ $600 is for principal. Make the check payable to Office Mart. \end{tabular} \\ \hline 30. & 9/30/23 & Deposit \#7 & \begin{tabular}{l} Recorded internet sales for the last week of the month. Sales of \\ $3,400 were deposited. The cost of the merchandise sold was \\ $1,250 (Balloons $1,200; Helium $50 ). Sales tax collected is $280.50. \end{tabular} \\ \hline 31. & 9/30/23 & Ck #1013 & \begin{tabular}{l} Paid all sales tax owed for September to the Comptroller of Public \\ Accounts. \end{tabular} \\ \hline 32. & 9/30/23 & Ck \#1014 & Declared and paid a cash dividend of $100 to Bella Boone. \\ \hline \end{tabular} Part Three Instructions Before preparing the T-Accounts make sure that all journal entries are corrected so that the ending balance in the T-Accounts will be correct. Find the ending balance for each account. Do this by creating a T-account for each account in an Excel Spreadsheet as shown in the template after the instructions here. Put all debits and credits in each account and calculate the ending balance. All accounts that were used in the Chart of Accounts should be included and if the account has a zero balance place the zero on the normal balance side. Once you finish preparing all the balances in each account, use the spreadsheet to answer the questions in Blackboard. In Blackboard the question will be the same for each account. What is the balance in Account number 10000 (or whatever account it asks) and what is the normal balance? Since it asked for account number 10000 that is the cash account and then enter your answer below as written: Dr $10.500.00 This will be done for each account. Use the spreadsheet to answer the questions in Blackboard. Once you complete answering the questions in Blackboard then upload your T-Account Spreadsheet to Blackboard following the instructions below: Step 1: Enter the journal entries into the Excel Template spreadsheet and when completed print it out. Step 2: Use the Excel spreadsheet to answer the questions in Blackboard for the corresponding week in the content folder. Step 3: Once you complete entering information into Blackboard, upload the spreadsheet into Blackboard by clicking on the navigation pane then clicking on Practice Set. A template for the T-Accounts follows. Some accounts such as cash will require more than just one or two lines. Requirements 1. Correct Errors: Correct any errors that you made on the journal and adjusting journal entries before entering the information into the T-Accounts. 2. Account Balances: Once you have completed entering the transactions then prepare the ending balance in each account