Please take a look at the picture of the wexcel spreadsheet:

Requirements: For each transactions explained in column $"K"$

#$1$ Record the journal entry $($utilize the "Chart of Accounts" below$)$

#$2$ Post each Journal Entry to their respective T$-$accounts.

#$4$ Create the balance shest of $\frac{12}{31}\frac{?}{20}.$

Journal Entries $($Requirement #$1)$

On November $30$th$,$ ABC, Corp purchased a Building for $$1,500,000.$ ABC took out a loan from Wells Fargo to finance the

purchase by signing a note payable agreement. Payment of the loan is due to the bank in two years.

On December $2nd,$ABC, Corp purchased $$15,000$ worth of furniture for their new building, paying cash for the purchase

On December $3$rd$,$ ABC agreed to purchase $$10,000$ worth of computers in January $2021.$ The computers will be delivered in

January.

On December $12$th$,$ ABC, Corp purchased supplies on account from XYZ$,$ LLP for $$12,000.$

On December $20$th$,$ ABC, Corp paid off $$7,000$ of the balance due to XYZ$,$ LLP $($from transaction $"$e$").$

On December $28$th$,$ ABC, Corp purchased a company car for $$22,000.$ ABC made a cash downpayment of $$10,000$ on the car

at the time of purchase, and took out a vehicle loan for the remaining balance. Payment of the loan is due in six months.