Smart, otherwise known as B Smart. Project Requirements: RSC employs the accrual method of accounting; The adjusted trial balance and the financial statements ( Owner's Equity) must all be prepared utilizing proper a textbook) and proper Excel formatting (watch the form B Smart opened the business on January 1, 2021 with a * The Cash account balance at the close of business on D recreate this balance - just happily accept it); RSC issued a $45,000, 16-month, 2% note on October maturity; this is the only interest-bearing debt RSC en The company purchased only two long-term, deprecia computer for $5,000 and depreciation was recognized computer-both of these assets will be in service thro On January 1, RSC paid $3,600 for an 18-month insu the entire amount - no insurance expense had yet bee RSC recognized bad debt expense on December 31 accounts receivable balance (allowance for doubtful Several qualifying customers took advantage of the Sales Discount account balance of $3,500; B Smart withdrew a total of $17,200 in cash during In addition to all of the account balances resulting general ledger held the following account balances Accounts Payable 715 Cost of goods sold 300,000 Land 74,935 Merchandise Inventory 22,125 Rent Expense 16,400 Sales 500,000 Supplies 325 Supplies Expense 7,800 Wages Expense 65,130 Wages Payable 300 OTE: Use only whole numbers throughout the pr