Setup \& Instructions: You just started your new job as a staff accountant for Auggie Gear, Inc., a company that sells Augsburg University clothing, mugs, hats, etc. You're pretty excited about your new job because you've heard all the stories about how accountant's are essentially the rock stars of the business world. The stories are true. Anyway, your company had transactions "A" through "H" noted below throughout the month of January 2021. Instructions - For each transactions "a" through " h " below: 1) First, record the necessary journal entry (utilize the "Chart of Accounts" below). 2) After recording each entry, post the effects of the Journal Entry to the appropriate T-accounts. 3) Utilizing the ending balances in each T-account to complete the financial statements on the second tab of this document. Setup \& Instructions: You just started your new job as a staff accountant for Auggie Gear, Inc., a company that sells Augsburg University clothing, mugs, hats, etc. You're pretty excited about your new job because you've heard all the stories about how accountant's are essentially the rock stars of the business world. The stories are true. Anyway, your company had transactions "A" through "H" noted below throughout the month of January 2021. Instructions - For each transactions "a" through " h " below: 1) First, record the necessary journal entry (utilize the "Chart of Accounts" below). 2) After recording each entry, post the effects of the Journal Entry to the appropriate T-accounts. 3) Utilizing the ending balances in each T-account to complete the financial statements on the second tab of this document. g) 31-Jan h) 31-Jan Debit/Credit Balance Check Auggie Gear, Inc. Income Statement For the Month Ended January 31, 2021 Sales Revenue Less: Cost of Goods Sold Gross Profit Operating Expenses: Total Operating Expenses Net Income Auggie Gear, Inc. Statement of Retained Earnings For the Month Ended January 31, 2021 Beg. Bal. January 1,2021 \begin{tabular}{rr} RetainedEarnings & CommonStock \\ \hline 600 & 5,800 \end{tabular} January Activity End. Bal. January 31, 2021 Auggie Gear, Inc. Statement of Retained Earnings For the Month Ended January 31, 2021 Less: Allowance for Doubtful Accounts Total Current Assets Total Assets Liabilities \& Stockholders' Equity Liabilities Current Liabilities Total Current Liabilities Long-Term Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities \& Stockholders' Equity