please help!! theres four accounts needed for that statement

F Sold 250 units to Storm Troopers Urimited on account for $800 each. 23 24 Cost of Goods Sold 3,130,002 25 26 27 28 29 30 31 ERLE 32 33 34 35 36 3,130.002 P Instructions: You are the controller at Star Wars, Inc., a wholesale distributor of light sabers and other interstellar weaponry. The corporation was founded in galaxy far, far away a long time ago. The company has 420,000 share of common stock authorized with a par value of $18. Currently, 28,000 shares are issued and outstanding. In your role as controller, you are responsible for the company's accounting records, financial statement preparation, and ensuring that the company has adequate internal controls. You also support management at Star Wars by providing required financial reports. You supervise a staff that takes care of the other aspects of accounting, but ultimately you oversee all the functions of the accounting department. Star Wars, Inc. maintains a calendar year-end (the books are closed on December 31 of each year). Adjusting entries are only prepared annually. 0 Therefore, when you prepare the adjusting entries, they will need to be for the entire year, not just for December. In order 1 to complete this practice set, you will need to record all regular transactions for the month of December, 2014 (all other regular 2 transactions have already been recorded for the year) and all of the year-end adjusting entries. You will journalize -3 all transactions and adjustments in the general journal, post them to the general ledger accounts, prepare an adjusted trial 14 balance, prepare the financial statements, prepare closing entries, and finally a post-closing trial balance for the year ended 15 December 31, 2014 17 The following information pertains to the various accounting practices applicable to Star Wars, Inc. 18 1. Star Wars, Inc, maintains inventory using the perpetual method. All inventory costs are tracked using 19 first in, first out (FIFO) cost flows. (See the cost of goods sold sheet for details regarding inventory) 20 2. Purchases of inventory are recorded at the net amount (discounts are recognized on the date of purchase, if applicable) 21 The purchase terms are different for each supplier. Forfeited discounts are recorded separately as cost of goods sold. 22 3. Sales on account are subject to terms 2/15, n/40 and are recorded at gross value. 23 4. The company utilizes a general journal and general ledger, but also tracks detailed information on suppliers and customers 24 in accounts payable and accounts receivable subsidiary ledgers, respectively. You will need to maintain the subsidiary ledgers. 25 5. Salaried employees are paid monthly at the end of the month (on the last day of the month). Hourly employees are paid 26 every two weeks. Each two week pay period ends on the Friday of the second week. 27 6. The Company's chart of accounts is listed on the right side of this spreadsheet 28 7. The Company uses the Allowance Method of accounting for bad debt. The Company calculates bad debt expense at the end 29 of the fiscal year at 5% ofending A/R (using the % of receivables method) 30 $ 33 Check Figures: 34 Net Income 35 Total Assets 36 COGS 37 5 S S 1,236,435 5,883,794 963,300 For December 4,093,302 Total COGS F Sold 250 units to Storm Troopers Urimited on account for $800 each. 23 24 Cost of Goods Sold 3,130,002 25 26 27 28 29 30 31 ERLE 32 33 34 35 36 3,130.002 P Instructions: You are the controller at Star Wars, Inc., a wholesale distributor of light sabers and other interstellar weaponry. The corporation was founded in galaxy far, far away a long time ago. The company has 420,000 share of common stock authorized with a par value of $18. Currently, 28,000 shares are issued and outstanding. In your role as controller, you are responsible for the company's accounting records, financial statement preparation, and ensuring that the company has adequate internal controls. You also support management at Star Wars by providing required financial reports. You supervise a staff that takes care of the other aspects of accounting, but ultimately you oversee all the functions of the accounting department. Star Wars, Inc. maintains a calendar year-end (the books are closed on December 31 of each year). Adjusting entries are only prepared annually. 0 Therefore, when you prepare the adjusting entries, they will need to be for the entire year, not just for December. In order 1 to complete this practice set, you will need to record all regular transactions for the month of December, 2014 (all other regular 2 transactions have already been recorded for the year) and all of the year-end adjusting entries. You will journalize -3 all transactions and adjustments in the general journal, post them to the general ledger accounts, prepare an adjusted trial 14 balance, prepare the financial statements, prepare closing entries, and finally a post-closing trial balance for the year ended 15 December 31, 2014 17 The following information pertains to the various accounting practices applicable to Star Wars, Inc. 18 1. Star Wars, Inc, maintains inventory using the perpetual method. All inventory costs are tracked using 19 first in, first out (FIFO) cost flows. (See the cost of goods sold sheet for details regarding inventory) 20 2. Purchases of inventory are recorded at the net amount (discounts are recognized on the date of purchase, if applicable) 21 The purchase terms are different for each supplier. Forfeited discounts are recorded separately as cost of goods sold. 22 3. Sales on account are subject to terms 2/15, n/40 and are recorded at gross value. 23 4. The company utilizes a general journal and general ledger, but also tracks detailed information on suppliers and customers 24 in accounts payable and accounts receivable subsidiary ledgers, respectively. You will need to maintain the subsidiary ledgers. 25 5. Salaried employees are paid monthly at the end of the month (on the last day of the month). Hourly employees are paid 26 every two weeks. Each two week pay period ends on the Friday of the second week. 27 6. The Company's chart of accounts is listed on the right side of this spreadsheet 28 7. The Company uses the Allowance Method of accounting for bad debt. The Company calculates bad debt expense at the end 29 of the fiscal year at 5% ofending A/R (using the % of receivables method) 30 $ 33 Check Figures: 34 Net Income 35 Total Assets 36 COGS 37 5 S S 1,236,435 5,883,794 963,300 For December 4,093,302 Total COGS