Please, Answer for the T-accounts.

Thank you.

Pane in the Glass Company (Pane) isa glass manufacturer based out of California. They produce a number of glass products including car windows and windshiel ds, windows for houses, stalned giass windows, and a number of other specialty products. The following information pertains to the fiscal year ending December 31,2018 : At the beginning of the 2018, the company's 1/1/2018 trial balance was as follows: Other assumptions for the year a. Depreciation and amortization are computed using the stralght line methed. b. Pane uses a perpetual system to track their inventory. c. Pane usies the percentage of receivables method to estimate their bad debt expense d. Pane has a year end of December 31,2018 As the accountant for Pane in the Glass company, you have been asked to do the following 1. Evaluate the following information and transactions listed on the "Transetions" tab and make the necessary journal entries in the "Journal Entries" tab. You should only use the accounts listed on the "Chart of Accounts" tab in your journal entries 2. Post the journal entries into the appropriate t-aceounts in the "T-Accounts" tab 3. Prepare the adjusting journat entries in the "journal Entries" tab 4. Post the adjusting journal entriec to the approprlate t-accounts in the "Thccounts" tab 5. Prepare the income statement using the "Adjusted Trial Dlalance" tab 6. Prepare your closinie journal entries in the "Journal Entries-Closing" tab- 7. Fost the closing entries into the appropriate acceunts on the "T Accounts-cloulnc" tab 8. Use the Post Closing trial balance to prepare the falance Sheet Account Number Account Title 1. Prepare the journal entries for transactions A-T below and record them on the "Journal Entries" tab. Instructions: 2. Once you have created the journal entries, post them to the "T-Accounts" tab. 3. Prepare journal entries for adjusting journal entries 1-6. 4. Post the adjusting entries to the correct T-Accounts in the "T-Accounts" tab. Transaction No. Transaction G June 1: Pane pays for the inventory purchased in transaction E. H July 1: Pane pays cash for a patent that will allow them to produce a revolutionary new window for boats and other marine vehides called "T-Panes". $90,000 Cost of Patent Remaining legal life of patent (in years) July 28: Pane issued shares of common stock Number of shares Par Value Price Per Share August 6: Pane purchases land with cash. At the time of purchase, Pane also had to pay for survey fees related to the land. $124,000 Cost of tand Surver Fees November 1: Pane lends one of their employees $200,000 in exchange for a note recelvable. The employee is required to pay Pane back for the principal and interest on September 1,2019. Principal Interest Rate Maturity Date November 15: Pane sales additional goods to customers on account. Sales on account Cost of Goods Sold Instructions: "Journal Entries" tab. 1. Prepare the journal entries for transactions A-T below and record them on the "Journal Entries" tab. Instructions: cenatad the iournal entries, post them to the "T-Accounts" tab. Adjusting Entries Cr. Dr. Cr. Cr. Dr. Cr. Dr. Cr. Or. Gr. Check figures: Total debits should equal total credits. Instructionst The beginning account balances have been filled in for you, Post only the transactions and adjusting tentries, not the clasing entries, in this tab. DO NOT delete any ceils in this tab. Home Insert Draw Page Layout Formulas Data Review View Automate 9 Tellme H37 4xfx