Roadrunner Bookstore uses the perpetual inventory system. Roadrunner Bookstore is owned by Tina Smith. The company had the following transactions for the month of October. Oct 1 Tina Smith invested $65,000 cash and supplies worth $5,000 in Roadrunner Bookstore. Oct 2 Purchased $40,000 of merchandise inventory on credit, Invoice #345 dated Oct 1 from Cassidy Company, terms 2/10, n/30. Oct 4 Roadrunner Bookstore rented a portion of their warehouse to Ocean Side Corp. for $5,000 per month. Ocean Shore paid Bayshore 4 months of rent in advance. Oct 5 Sold merchandise to Tide Star Inc. for $15,000 on credit, terms 3/15, n/60. Invoice no. 123. Cost of the merchandise sold is $7,500. Oct 5 Issued check #130 payable to Cash for a petty cash fund establishment of $1,000. Oct 6 Purchased $8,000 of store supplies on credit from Green Inc., terms 2/10, n/30, Invoice #356 dated Oct 6. Oct 8 Sold merchandise to DJM Co. for $20,000 with terms 3/15, n/60. Invoice no. 124. Cost of the merchandise sold is $12,000. Oct 11 Issued check #131 to Cassidy Company for the Oct 2nd purchase. Oct 13 The cash register's record shows $5,500 at the end of the shift, but the count of cash in the register is $5,505. Cost of the merchandise sold is $3,500. Prepare the journal entry to record the day's cash sales. Oct 15 TideStar Inc. paid the balance due from the sale on Oct 5. Oct 16 Sold merchandise to Smythe Co. for $10,000, terms 3/15, 1/60. Invoice No. 125. Cost of the merchandise sold is $7,000. Oct 18 Roadrunner Bookstore signed a short-term note payable in the amount of $15,000 with an interest rate of 8% due in 60 days. Oct 20 Issued check #132 payable to you for your salary totaling $3,500. Oct 25 The petty cash balance is $100. Receipts in the drawer show $350 for Postage Expense, $400 for Transportation In, $75 for delivery expenses, and $55 for office supplies expenses. Replenish petty cash. Oct 26 Received $12,000 payment from DJM Co. towards the Oct 8th purchase. Oct 28 Tina Smith withdrawals $10,000 for personal use. Check #133 was issued. Oct 30 Issued check #134 for $3,000 payable to Scott Co. for Oct's Rent. Roadrunner Bookstore uses the following Special Journals. Sales, Purchases, Cash Receipts, and Cash Disbursements. 1.) Record the above transactions to the appropriate Journal and post as necessary to the Subsidiary Ledgers and General Ledger Accounts. Make sure to foot and cross foot totals at month-end. 2.) Complete the unadjusted trial balance columns on the worksheet for Roadrunner Bookstore as of Oct 31, 2021, and the Schedules of Accounts Receivable and Accounts Payable. Roadrunner Bookstore must consider the following for adjusting entry purposes: a) The remaining store supplies available on Oct 31st had a cost of $3,400. b) A utility bill was received totaling $620 that will be paid in October c) Interest on the short-term note through Oct 31st has accrued but has not been paid. (Round to a whole number) d) October rent from Ocean Side Corp. has been earned. e) Bad debt is estimated to be .6% of total net credit sales. f) Salaries have accrued in the amount of $250 per day for four days. g) A count of inventory showed remaining inventory had a cost of $5,000. Prepare adjusting entries and post to the General Ledger Accounts. Post adjusting entries to the adjustments column on the worksheet and prepare the adjusted trial balance columns. Complete the remaining columns on the worksheet Prepare Financial Statements, including a Classified Balance Sheet, for Roadrunner Bookstore considering the following: Salaries Expense and Rent Expense are split between selling and general and administrative expenses. Shipping Expense, Bad Debts Expenses, and Cash Over/Short are selling expenses Postage and Utilities Expenses are general and administrative expenses Prepare Closing Entries for Roadrunner Bookstore. Prepare Post Closing Trial Balance for Roadrunner Bookstore. Roadrunner Bookstore uses the perpetual inventory system. Roadrunner Bookstore is owned by Tina Smith. The company had the following transactions for the month of October. Oct 1 Tina Smith invested $65,000 cash and supplies worth $5,000 in Roadrunner Bookstore. Oct 2 Purchased $40,000 of merchandise inventory on credit, Invoice #345 dated Oct 1 from Cassidy Company, terms 2/10, n/30. Oct 4 Roadrunner Bookstore rented a portion of their warehouse to Ocean Side Corp. for $5,000 per month. Ocean Shore paid Bayshore 4 months of rent in advance. Oct 5 Sold merchandise to Tide Star Inc. for $15,000 on credit, terms 3/15, n/60. Invoice no. 123. Cost of the merchandise sold is $7,500. Oct 5 Issued check #130 payable to Cash for a petty cash fund establishment of $1,000. Oct 6 Purchased $8,000 of store supplies on credit from Green Inc., terms 2/10, n/30, Invoice #356 dated Oct 6. Oct 8 Sold merchandise to DJM Co. for $20,000 with terms 3/15, n/60. Invoice no. 124. Cost of the merchandise sold is $12,000. Oct 11 Issued check #131 to Cassidy Company for the Oct 2nd purchase. Oct 13 The cash register's record shows $5,500 at the end of the shift, but the count of cash in the register is $5,505. Cost of the merchandise sold is $3,500. Prepare the journal entry to record the day's cash sales. Oct 15 TideStar Inc. paid the balance due from the sale on Oct 5. Oct 16 Sold merchandise to Smythe Co. for $10,000, terms 3/15, 1/60. Invoice No. 125. Cost of the merchandise sold is $7,000. Oct 18 Roadrunner Bookstore signed a short-term note payable in the amount of $15,000 with an interest rate of 8% due in 60 days. Oct 20 Issued check #132 payable to you for your salary totaling $3,500. Oct 25 The petty cash balance is $100. Receipts in the drawer show $350 for Postage Expense, $400 for Transportation In, $75 for delivery expenses, and $55 for office supplies expenses. Replenish petty cash. Oct 26 Received $12,000 payment from DJM Co. towards the Oct 8th purchase. Oct 28 Tina Smith withdrawals $10,000 for personal use. Check #133 was issued. Oct 30 Issued check #134 for $3,000 payable to Scott Co. for Oct's Rent. Roadrunner Bookstore uses the following Special Journals. Sales, Purchases, Cash Receipts, and Cash Disbursements. 1.) Record the above transactions to the appropriate Journal and post as necessary to the Subsidiary Ledgers and General Ledger Accounts. Make sure to foot and cross foot totals at month-end. 2.) Complete the unadjusted trial balance columns on the worksheet for Roadrunner Bookstore as of Oct 31, 2021, and the Schedules of Accounts Receivable and Accounts Payable. Roadrunner Bookstore must consider the following for adjusting entry purposes: a) The remaining store supplies available on Oct 31st had a cost of $3,400. b) A utility bill was received totaling $620 that will be paid in October c) Interest on the short-term note through Oct 31st has accrued but has not been paid. (Round to a whole number) d) October rent from Ocean Side Corp. has been earned. e) Bad debt is estimated to be .6% of total net credit sales. f) Salaries have accrued in the amount of $250 per day for four days. g) A count of inventory showed remaining inventory had a cost of $5,000. Prepare adjusting entries and post to the General Ledger Accounts. Post adjusting entries to the adjustments column on the worksheet and prepare the adjusted trial balance columns. Complete the remaining columns on the worksheet Prepare Financial Statements, including a Classified Balance Sheet, for Roadrunner Bookstore considering the following: Salaries Expense and Rent Expense are split between selling and general and administrative expenses. Shipping Expense, Bad Debts Expenses, and Cash Over/Short are selling expenses Postage and Utilities Expenses are general and administrative expenses Prepare Closing Entries for Roadrunner Bookstore. Prepare Post Closing Trial Balance for Roadrunner Bookstore