provide me with T-accounts , balance sheet, retained earnings statement and income statement. preferabaly with hand writing in details e.g 1a 00000$ 1b0000$ and how you come up with each transaction

Comprehensive Individual Project: Harriet's Hats, Inc Harriets Hats is a fictional company. The following information indudes the once sheet as December 31, 2019, and the details of the transactions that occured during 2020 Background Hanne's Hats is a hat retaler in other words. Harrers buhaton amacture and then them in their stores) Transactions for 2020 are representative of such a company's business activities HINT: Read through the entire assignment at least twice before beginning to do any work. This will help you familiarize yourself with all of the important facts. 1. 2 Using the accounts provided, record the transactions that occurred during 2020 Prepare the balance sheet retained eaming sement and income statement for ute's Hats Inc. for the year ended December 31, 2020 Transactions to 2020 1. Sales and Accounts Receivable a During the year, each hat had a sales price of $30. Alles were made on court b Cash collections on account amounted to 541.000 c. During the year. Hamer identified $350 of receives as being collectible and we them of d. Hamet's follows a percentage of receivables proach to estimate is accounts recable at will become uncollectible. As of the end of 2020, Harris estimates that 12 of tecles will be uncollectie 2 Inventory Harret's began 2020 with 500 at which had a cost of 58 each Employees phyically counted 525 hats romaining in the warehouse at te end of 2020 Hasses apendic LIFO memory system to cost their inventory The following purchases (all on account) were made during 2020 10) January 15 - 405 hats 510.00 each 12) March 234 - 310 hats 12.00 each (3) July 24-525 hats Q51400 Bach (9) October 31 - 430ha 15 each bDuring 2020 Harties made cash payment to inventory Supplies totale $27.000 3. Property Plant and Equipment a Marie's uses straight-line decreciation for at store fursandchio egunert Below is a schedule of the streefotures and office codent Hamers had to place at the end of 2019 FOXTURES AND EQUIPMENT (as of December 31.2013 Hidrica Cost med Essa Savage Dancured Vale 1256 $12.000 51200 Jan 1, 2014 1876 $1.700 5 year $300 1. 2018 4209 $23.000 51.000 Jan 1, 2019 con January 1. now stor fatures were purchased ter $3.00 in cash Handspects the futures to bave a 5 year selule and a $500 age value d On July 1 office coupe (1876) was sold for 5570 4 Debt a on September 1 2020. Harriet's paid of the note payable that was outstanding at the beginning of the period The note had an 8% Werest rate, had been issued on September 1, 2019, and required semiannual interest payments on February 28 and August 31 . Also on September 1, 2020, Harrier's borrowed $3,500 on a new note payablo. The new note camies a 6% interest tate with similar payment terms as the note Home's just paldo 5. Operations a Harriet's made two rent payments of 51,850 during 2000 (on March 1 and September 1) The payments were for rent on the store building and were prepaid for six months each. The balance in the prepad account at the end of 2020 represents the rent for January and February 2021 b. Cash paid out during 2020 for wages totaled $12.200. Records indicate that stories for the last week of December amounted to $300 and would be paid at the end of the first week in January (a two-week pay period a Omer expenses paid in cash) totaled $2,102 6. Income Taxes a. In March of 2020, Harrie's paid ther 2019 income taxes Hornet's has a 30% income tax rate for both 2019 and 2020 7. Common Stock # Dividends of $3,300 were declared and paid during 2020 New common stock was issued for $12.000 dating 2020 Hamis Hats, Inc Balance Sheet Doomber 31, 2019 515.000 5 000 (500 Assets Cash Accounts Rouvablo Less Allowance for Bad Debts Net Accounts Receivable Prepaid Rent Inventory Tot Current Assets Property. Plantand Equipment Less Accumulated Depreciation 4.500 500 4000 24,000 36.700 (12.000 Net Property, plant and Equipment Total Assets 26700 548700 Les and Owner's Eauly Accounts Payable Wages Payable est Payable Income Taxes Payable Notes Payable Total Current Liabile $2.500 170 64 900 2.000 5,634 Conimo Stock Retained Emings Total Labines and Owner's Equity 20.000 22.666 $48, 700 NAME Harriet's Hats Income Statement For the Year Ended December 31, 2020 salos Less Cost of Goods Sold Gross Profit Harriet's Hats Balance Sheet As of December 31, 2020 Assets Cash Accounts Receivable Less: Allowance for Doubtful Accounts Net Accounts Receivable Prepaid Rent Inventory Total Current Assets Operating Expenses Rent Expense Interest Expense Bad Debts Expense Depreciation Expenso Wages Experte Other Operating Expenses Total Operating Expenses Property, Pant, and Equipment Less. Accumulated Depreciation Net Property, plant and Equipment Total Assets Other gains and losses Ganon sale of equipment Income before incorretas Income lases Liabilities and Owner's Equity Accounts Payable Wages Payable Interest Payable Income Taves Payable Notas Payable Total Current Liabilities Net Income Harrier's Hats Statement of Retained Earnings For the Year Ended December 31, 2020 Beginning Rotaned Earnings Plus: Not income Less Dividends Ending Retained Earnings Common Stock Retained Earrings Total Liabilities and Owner's Equity Auth Recev Allowance for the court Cash 157000 500 Presiden 500 Investory 4.000 Portal Egement 3000 o Partie We Payale And Deprecision 13.000 2.500 170 Pays NEP 500 Centock Recandan NAME Purchases Sales Revenue Cost of Goods Sold inst Expense Bat Detts Expense Rent Expense Deprecaton Experise Wages Expense Other Expenses Gain Loss on Sale al Eupent Income Tax Exete incoro Sammy