• Prepare the beginning trial balance for Bob's Bacon House ensuring that debits = credits
• Determine to which subgroup of balance sheet or income statement each account belongs.
• Prepare journal entries for each business transaction
• Post the journal entries in the general ledger and calculate the ending account balances .
• Prepare an ending trial balance in proper order and functionality.
• Prepare a multi-step income statement in good form.
• Prepare a properly classified balance sheet in good form.
• Perform a common size (vertical) analysis for the year. What are the significant percents?
• Perform a horizontal analysis comparing the beginning and ending Balance Sheet accounts. Comment on significant categories and changes from the previous year.
• Using the list of financial ratios provided, select no more than two per category and comment on the number you have calculated
• For the horizontal analysis, please make the first column the ending balances and show the changes from the beginning balances in $ and percent.
• Make sure each financial ratio is properly formatted as $, %, or #. Format the answer to 2 decimal places

• Bob's Bacon House Inc. - List of Account Balances

  as of December 31, 2019

  Account Title	Balance
  Accounts Payable	200,500
  Account Receivable	165,700
  Accumulated Depreciation	350,000
  Additional Paid-In Capital	40,000
  Allowance for Doubtful Accounts	2,650
  Building and Equipment	1,120,000
  Cash	71,565
  Common Stock, $1 par	544,850
  Copyrights	112,000
  Customer Deposits (expected to be earned in 2019)	2500
  Goodwill	225,000
  Income Taxes Payable	80,000
  Inventories @ $25/unit	315,250
  Long-term Investment.	95,630
  Deposits With Vendors	47,200
  Land	125,000
  Mortgage Payable, 0% (paid at $2,780 per month)	667,200
  Bonds Payable to Banks, yielding 2.5% (due 2025)	50,000
  Notes Receivable, 1% (due 2020)	60,000
  Patents	219,335
  Retained Earnings	108,980
  Trademarks	115,000
  Interest Payable	25,000
  Notes Payable to banks, 4% due 2022	600,000

  Transactions during 2020

  Trans #
  1	Finished Goods inventory purchased from suppliers on account:
  	2/10 - 10,000 units @ $26 each
  	6/12 - 15,000 units @ $28 each
  	10/23 - 12,000 units @ $29 each
  	11/25 - 8,000 units @ $30 each
  2	Bob's Bacon House uses a perpetual inventory system with FIFO costing. All purchases and sales are made on account. This data is used to prepare two journal entries. One for purchases of inventory, and another for Cost of Goods Sold using FIFO. Make sure you take into account the beginning inventory for the COGS calculation.
  3	Payments made to suppliers on account during 2020 are $1,124,450.
  4	Sales made to customers on account are 49,356 units @ $36 each.
  5	Cash collected from customers during 2020 is $1,750,700.
  6	Total interest paid on last year's notes payable and bonds payable amounted to $17,415. Bob uses the interest payable account in order to accrue last year's liability and expense. This journal entry requires a debit to the interest payable account (not interest expense).
  7	Rental income due Bob on leased property was invoiced for $25,650.
  8	Bob's Bacon House Inc. was operating a retail store in Chicago, among other cities. The original cost of the property was $120,000 and had a book value of $95,000. During 2020, this store was closed at a loss of $35,800.
  9	Bob's Bacon House Inc. wants to make an allowance for doubtful debts at 2% on accounts receivable for the year 2020
  10	Selling and administrative expenses are $128,475. These expenses include $56,000 depreciation expense on building and equipment but exclude bad debts expenses.
  11	Income tax expense paid for 2019 is $90,500. Bob accrues the liability for taxes in the current year and pays them in the following year. This payment requires a debit to Income Taxes Payable
  12	Prepare a journal entry for the 12month's of mortgage payments, Assume all of the payment is applied to the principal.
  13	Accrue the Interest Expense for 2020 based on the outstanding debt. Compare the calculated interest payable to the balance after transaction #5 and prepare the necessary adjusting journal entry.
  14	Accrue the Income Taxes Payable based on the amount in the Income Statement. The Bacon House's income tax rate for 2020 is 25%. Compare the calculated interest payable to the balance after transaction #10 and prepare the necessary adjusting journal entry.
  15	Interest earned yet not collected on customer notes receivable must be accrued
  16	Intangible assets are amortized over these remaining lives Copyrights & Trademarks - 20 years; Patents - 40 years
  17	Test Goodwill for impairment and prepare the adjusting entry, if needed, assuming that the present value of the acquired business has a future cash flows are $200,000 and the market value is $190,000

I need a answer as soon as possible for all of the question can you please provide description