Please complete the questions listed under "Instructions" at the bottom of the second picture. Will upvote once completed. Thank you!

Your business is growing and operations in 2022 have been quite successful. Your business has purchased more equipment. It has also added another revenue stream: selling juicing machines to the public. You have a friend at Dillan Manufacturing that has agreed to sell you high-quality juicing machines at a wholesale price so you can sell them to the public at a profit. The business has the following trial balance as at November 30, 2022: Name of Your Business Adjusted trial balance November 30, 2022 110 Cash 5,037 130 Accounts receivable 2,150 135 Inventory 2,250 140 Supplies 118 160 Equipment 4,650 161 Accumulated depreciation 1,540 210 Accounts payable 63 230 Unearned revenue 652 240 Wages payable 245 Interest payable 21 260 Notes payable 5,000 310 capital 9,562 320 drawings 5,778 410 Sales revenue 12,600 505 Cost of goods sold 6,540 508 Advertising expense 425 Depreciation expense 1,410 527 Interest expense 256 540 Repairs expense 107 550 Supplies expense 279 563 Telephone expense 294 570 Wages expense 144 29,438 29,438 The $2250 inventory balance is comprised of 3 juicing machines that cost $750 each. The note payable is to the bank and interest is paid on the 1st day of each month. You had paid off the loan to your mother early in 2022. $15 Dec The following transactions happen during the month of December, 2022: You paid the November interest owing on the bank loan. You issued cheque #317. You collected $990 cash from a customer, on account, to whom you had previously sold a juicing machine. 9 You paid the November 30 balance of accounts payable. You issued cheque #318. 1 2 11 You purchased, on account, 3 more juicing machines for $780 each (excluding freight). The purchase invoice also included a $51 freight charge for the cost of transporting the machines from the vendor to your place. NOTE: Since you will use the FIFO cost-flow assumption, you should make a "FIFO Inventory Record" (See textbook Illustration 6.5) for your Juicing Machine inventory. 12 14 21 23 27 You buy $202 of supplies such as protein powder, cups, straws, and fresh fruit and vegetables, on account. You sold, on account, two juicing machines to Bill's Fitness for $990 each. You will use the FIFO method of recording inventory transactions. You make and deliver a batch of smoothies to Fred's Yoga Studio and you issue a sales invoice of $365. The invoice is payable in 30 days. You paid the amount owing on the December 11 purchase. You issued cheque #319. You purchased, on account, 2 more juicing machines for $790 each (excluding freight). The purchase invoice also included a $40 freight charge for the cost of transporting the machines from the vendor to your place. You paid $85 cash for repairs done to some equipment. You issued cheque #320. You sold, on account, two juicing machines to the owners of City Contemporary Dance Studio (Remember that freight is part of inventory). The selling price of each machine was $990. 28 29 30 31 You received a $103 e-bill for your business cell phone service for December and you paid it immediately. You issued cheque #321. You collected $1980 cash from a customer whom you had, on December 14, sold two juicing machines You paid a casual worker $73 cash for wages for work done in December. You issued cheque #322. 31 Instructions a. Prepare the FIFO inventory record (see Illustration 6.5 in the textbook) to determine the cost of goods sold and ending inventory resulting from the inventory purchases and sales noted in the transactions above. You will need the cost of goods sold to complete the journal entry for the December 14 and 29 sales. b. Prepare the journal entries for the transactions that occurred in December, 2022. For transactions affecting 'Cash', include the cheque number in the explanation. c. Post the journal entries to the general ledger. d. Prepare an unadjusted trial balance