Please answer 4-7! Thanks!!

4. Financial Statements a. (Multi-step) Income statement (do not forget the EPS disclosure) b. Statement of Retained Earnings c. (Classified) Balance Sheet (remember all disclosures) d. Cash Flow - prepare a direct method (remember that GAAP requires a reconciliation when the direct method is used) 5. General Journal e. Prepare closing journal entries 6. Ledger - T accounts a. Show Beg adjusted balance from #2 b. Post the closing activity with Journal entry reference c. Show ending closing balances 7. Trial Balance a. Prepare a Post-Closing trial balance Remember to use proper formatting for everything you do! Financial statements should be GAAP format and look professional (and printer ready). Assume you are making this for a client. 4. Financial Statements a. (Multi-step) Income statement (do not forget the EPS disclosure) b. Statement of Retained Earnings c. (Classified) Balance Sheet (remember all disclosures) d. Cash Flow - prepare a direct method (remember that GAAP requires a reconciliation when the direct method is used) 5. General Journal e. Prepare closing journal entries 6. Ledger - T accounts a. Show Beg adjusted balance from #2 b. Post the closing activity with Journal entry reference c. Show ending closing balances 7. Trial Balance a. Prepare a Post-Closing trial balance Remember to use proper formatting for everything you do! Financial statements should be GAAP format and look professional (and printer ready). Assume you are making this for a client. \begin{tabular}{|c|c|c|c|} \hline \multirow[b]{3}{*}{ Acct\# } & \multicolumn{2}{|c|}{ Adjusted Trial Balance } & \multirow[b]{3}{*}{ Credit } \\ \hline & \multicolumn{2}{|c|}{ For the period ended 12/31/x1} & \\ \hline & Account Name & Debit & \\ \hline & Cash & 267,100 & \\ \hline & Accounts Receivable & 12,000 & \\ \hline & Inventory & 51,300 & \\ \hline & Supplies & 5,200 & \\ \hline & Prepaid Rent & 14,400 & \\ \hline & Marketable Securities & 23,000 & \\ \hline & Equipment & 84,800 & \\ \hline & Land & 80,000 & \\ \hline & Patent & 8,000 & \\ \hline & Accounts Payable & & 108400 \\ \hline & Unearned Revenue & & 12000 \\ \hline & Notes Payable & & 90,000 \\ \hline & Common Stock & & 375,000 \\ \hline & Dividends & 10,000 & \\ \hline & Service Revenue & & 89000 \\ \hline & Dividend Income & & 2,200 \\ \hline & Cost of Goods Sold & 53,700 & \\ \hline & Salary Expense & 9,800 & \\ \hline & Utilities Expense & 3,400 & \\ \hline & Supplies Expense & 19,500 & \\ \hline & Loss on Sale & 1,400 & \\ \hline & Land - Held & 15,000 & \\ \hline & Prepaid Insurance & 18,000 & \\ \hline & & & \\ \hline & & $676,600 & $676,600 \\ \hline \end{tabular} GENERAL JOURNAL \begin{tabular}{|c|c|c|c|c|} \hline Date & Description (account titles) & Ref. & Debit & Credit \\ \hline \multirow[t]{3}{*}{a} & Salary Expense & 510 & 5,500 & \\ \hline & Salary Payable & 220 & & 5,500 \\ \hline & (record salaries earned during period) & & & \\ \hline \multirow[t]{2}{*}{b} & Interest Recievable & 190 & 1,500 & \\ \hline & Dividend Income & 410 & & 1,500 \\ \hline \multirow[t]{2}{*}{ c } & Depreciation Expense & 530 & 3,769 & \\ \hline & Accumulated Depreciation & 165 & & 3,769 \\ \hline \multirow[t]{2}{*}{d} & Insurance Expense & 540 & 5,250 & \\ \hline & Prepaid Insurace & 130 & & 5,250 \\ \hline \multirow[t]{2}{*}{ e } & Supplies & 125 & 3,500 & \\ \hline & Supplies Expense & 550 & & 3,500 \\ \hline \multirow[t]{2}{*}{f} & Unearned Revenue & 240 & 6,000 & \\ \hline & Service Revenue & 400 & & 6,000 \\ \hline \multirow[t]{2}{*}{ g } & Rent Expense & 515 & 3,600 & \\ \hline & Prepaid Rent & 140 & & 3,600 \\ \hline \multirow[t]{2}{*}{h} & Interest Expense & 570 & 1,800 & \\ \hline & Interest Payable & 270 & & 1,800 \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} 4. Financial Statements a. (Multi-step) Income statement (do not forget the EPS disclosure) b. Statement of Retained Earnings c. (Classified) Balance Sheet (remember all disclosures) d. Cash Flow - prepare a direct method (remember that GAAP requires a reconciliation when the direct method is used) 5. General Journal e. Prepare closing journal entries 6. Ledger - T accounts a. Show Beg adjusted balance from #2 b. Post the closing activity with Journal entry reference c. Show ending closing balances 7. Trial Balance a. Prepare a Post-Closing trial balance Remember to use proper formatting for everything you do! Financial statements should be GAAP format and look professional (and printer ready). Assume you are making this for a client. 4. Financial Statements a. (Multi-step) Income statement (do not forget the EPS disclosure) b. Statement of Retained Earnings c. (Classified) Balance Sheet (remember all disclosures) d. Cash Flow - prepare a direct method (remember that GAAP requires a reconciliation when the direct method is used) 5. General Journal e. Prepare closing journal entries 6. Ledger - T accounts a. Show Beg adjusted balance from #2 b. Post the closing activity with Journal entry reference c. Show ending closing balances 7. Trial Balance a. Prepare a Post-Closing trial balance Remember to use proper formatting for everything you do! Financial statements should be GAAP format and look professional (and printer ready). Assume you are making this for a client. \begin{tabular}{|c|c|c|c|} \hline \multirow[b]{3}{*}{ Acct\# } & \multicolumn{2}{|c|}{ Adjusted Trial Balance } & \multirow[b]{3}{*}{ Credit } \\ \hline & \multicolumn{2}{|c|}{ For the period ended 12/31/x1} & \\ \hline & Account Name & Debit & \\ \hline & Cash & 267,100 & \\ \hline & Accounts Receivable & 12,000 & \\ \hline & Inventory & 51,300 & \\ \hline & Supplies & 5,200 & \\ \hline & Prepaid Rent & 14,400 & \\ \hline & Marketable Securities & 23,000 & \\ \hline & Equipment & 84,800 & \\ \hline & Land & 80,000 & \\ \hline & Patent & 8,000 & \\ \hline & Accounts Payable & & 108400 \\ \hline & Unearned Revenue & & 12000 \\ \hline & Notes Payable & & 90,000 \\ \hline & Common Stock & & 375,000 \\ \hline & Dividends & 10,000 & \\ \hline & Service Revenue & & 89000 \\ \hline & Dividend Income & & 2,200 \\ \hline & Cost of Goods Sold & 53,700 & \\ \hline & Salary Expense & 9,800 & \\ \hline & Utilities Expense & 3,400 & \\ \hline & Supplies Expense & 19,500 & \\ \hline & Loss on Sale & 1,400 & \\ \hline & Land - Held & 15,000 & \\ \hline & Prepaid Insurance & 18,000 & \\ \hline & & & \\ \hline & & $676,600 & $676,600 \\ \hline \end{tabular} GENERAL JOURNAL \begin{tabular}{|c|c|c|c|c|} \hline Date & Description (account titles) & Ref. & Debit & Credit \\ \hline \multirow[t]{3}{*}{a} & Salary Expense & 510 & 5,500 & \\ \hline & Salary Payable & 220 & & 5,500 \\ \hline & (record salaries earned during period) & & & \\ \hline \multirow[t]{2}{*}{b} & Interest Recievable & 190 & 1,500 & \\ \hline & Dividend Income & 410 & & 1,500 \\ \hline \multirow[t]{2}{*}{ c } & Depreciation Expense & 530 & 3,769 & \\ \hline & Accumulated Depreciation & 165 & & 3,769 \\ \hline \multirow[t]{2}{*}{d} & Insurance Expense & 540 & 5,250 & \\ \hline & Prepaid Insurace & 130 & & 5,250 \\ \hline \multirow[t]{2}{*}{ e } & Supplies & 125 & 3,500 & \\ \hline & Supplies Expense & 550 & & 3,500 \\ \hline \multirow[t]{2}{*}{f} & Unearned Revenue & 240 & 6,000 & \\ \hline & Service Revenue & 400 & & 6,000 \\ \hline \multirow[t]{2}{*}{ g } & Rent Expense & 515 & 3,600 & \\ \hline & Prepaid Rent & 140 & & 3,600 \\ \hline \multirow[t]{2}{*}{h} & Interest Expense & 570 & 1,800 & \\ \hline & Interest Payable & 270 & & 1,800 \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}