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Please help. Using the LIFO method. Dec 2 Purchased 475 units of inventory for $2,850 on account from Sparkle, Co, on terms, 3/10, n/20 5

Please help. Using the LIFO method.

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Dec 2 Purchased 475 units of inventory for $2,850 on account from Sparkle, Co, on terms, 3/10, n/20 5 Purchased 600 units of inventory from Borax on account with terms 2/10, 1/30 The total invoice was for $4,500, which included a $15 freight charge 7 Returned 75 units of inventory to Sparkle from the December 2 purchase. 9 Paid Borax 11 Sold 285 units of goods to Happy Maids for $3.990 on account with terms 3/10, 1/30. 12 Paid Sparkle 15 Received 22 units with a retail price of $308 of goods back from customer Happy Maids. The goods cost Crystal Clear $132. 21 Received payment from Happy Maids, settling the amount due in full. 28 Sold 265 units of goods to Bridget, Inc. for cash of $3,975. 29 Paid cash for utilities of $415. 30 Paid cash for Sales Commission Expense of $550. 31 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 428 units of goods on hand. b. Depreciation, $270 C. Accrued salaries expense of $725 d. Prepared all other adjustments necessary for December (Hint: You will need to review the adjustment information in Chapter 3 to determine the remaining adjustments). Assume the cleaning supplies left at December 31 are 530 2. Complete Journal Endries 3. use FIFO-LIFU weighted Aug. Requirements 1. Open the following T-accounts in the ledger: Cash, $138,150; Accounts Receivable, $2,600; Merchandise Inventory, $0; Cleaning Supplies, $30; Prepaid Rent, $1,500; Prepaid Insurance, $1,650; Equipment, $3,200; Truck, $7,000; Accumulated Depreciation Equipment and Truck, $270; Accounts Payable, $1,470; Unearned Revenue, $11,500; Salaries Payable, $0; Interest Payable, $240; Notes Payable (Long-term), $96,000; Common Stock, $42,000; Retained Earnings, $2,650; Dividends, $0; Income Summary, $0; Service Revenue, $0; Sales Revenue, $0; Sales Returns and Allowances, $0; Sales Discounts, $0; Cost of Goods Sold, $0; Sales Commission Expense, $0; Utilities Expense, $0; Depreciation Expense, $0; Salaries Expense, $0; Insurance Expense, $0; Rent Expense, $0; Interest Expense, $0. 4. Create Ad; Trial & 5. Complete Closing &

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