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Cloutier Inc, set up as a privately held corporation, operating as a ready to wear garments retailer, of Which 10096 of the Common Shares are owned by Bryan Cloutier. You were hired to account for Iransactions for the month of June 2023, complete month end processing, prepare the financial statements and perform a financial ratio analysis as of the end of that month. They use perpetual inventory system and use the weigted average method to determine value for the inventory. Its balance sheet as at May 31, 2023, is presented below. Notes Relating to Balances: \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Suppliers and Balances } \\ \hline Zalora Co. & $16,730 \\ \hline Mango Corp. & $7,820 \\ \hline Levis Co. & $6,240 \\ \hline Total & $30,790 \\ \hline \end{tabular} The bank loan has an annual interest rate of 9% and has monthly principal payment of $1,665. 52 The Chart of Acrounts (GL no. ) is shown below: w) Prepare the journal entries for the month of June. You will also need to update the inventory in the table for each purchase and sale, return or allowance, found under the Inventory Valuation tab of this workbook. b) Enter the opening balances of the accounts from the opening balance sheet and post the above journal entries to the account. c) Complete the bank reconciliation report. d) Record the journal entries from the bank reconciliation and post amounts to general ledger accounts. e) Complete the 10 -column worksheet. f) Post the adjusting entries to the accounts. g) Journalize and post the adjustments. h) Prepare the multistep income statement, calculation of retained earnings, classified balance sheet found under the financial statements tab of this workbook. i) Answer the analysis questions from 'a' to 'i' found under the financial statements tab of this workbook. j) Answer all the questions in the Quiz Questions Solution tab Case introduction Transactions General Journal General Ledger EADY Type here to search Cloutier Inc, set up as a privately held corporation, operating as a ready to wear garments retailer, of Which 10096 of the Common Shares are owned by Bryan Cloutier. You were hired to account for Iransactions for the month of June 2023, complete month end processing, prepare the financial statements and perform a financial ratio analysis as of the end of that month. They use perpetual inventory system and use the weigted average method to determine value for the inventory. Its balance sheet as at May 31, 2023, is presented below. Notes Relating to Balances: \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Suppliers and Balances } \\ \hline Zalora Co. & $16,730 \\ \hline Mango Corp. & $7,820 \\ \hline Levis Co. & $6,240 \\ \hline Total & $30,790 \\ \hline \end{tabular} The bank loan has an annual interest rate of 9% and has monthly principal payment of $1,665. 52 The Chart of Acrounts (GL no. ) is shown below: w) Prepare the journal entries for the month of June. You will also need to update the inventory in the table for each purchase and sale, return or allowance, found under the Inventory Valuation tab of this workbook. b) Enter the opening balances of the accounts from the opening balance sheet and post the above journal entries to the account. c) Complete the bank reconciliation report. d) Record the journal entries from the bank reconciliation and post amounts to general ledger accounts. e) Complete the 10 -column worksheet. f) Post the adjusting entries to the accounts. g) Journalize and post the adjustments. h) Prepare the multistep income statement, calculation of retained earnings, classified balance sheet found under the financial statements tab of this workbook. i) Answer the analysis questions from 'a' to 'i' found under the financial statements tab of this workbook. j) Answer all the questions in the Quiz Questions Solution tab Case introduction Transactions General Journal General Ledger EADY Type here to search