This is an accounting project. Could you please verify and tell me if I'm missing any data entry for the Journal entry and the ledgers? Everything else looks acceptable to me.

_._, ______________ Scenario You accepted an accounting position at SBK Company. They want you to create a basic set of accounting books for a merchandising company using Excel. Your experiences will take you through the accounting cycle as you complete your company's requests. Directions You. will first have to figme out what accounts you are going to need and how to classify them. Once you. have gured out what general ledger accounts you need, do the journal entries. Next, you will use an inventory ledge: using LIFO to compute the cost of goods sold, put those numbers into the journal, and post to the general ledgers. At montheend, you have received information about a customer that has gone bankrupt and will have to be written off via direct writeeoff. Remember to post. Now that it is the end of the month, you have to compute the depreciation for the equipment you purchased at re beginning of the month using straight, line for the monr. The owner has become concerned about liability, so the company is nee -0? - Portfolio P; eject Di:ecticns and R'.1lJ:'iC 3 converting from a. sole proprietorship to a corporation. You, therefore, have to do the required entries. Once you have completed that, you will finish the monthend accounting activities. You will do your trial balance to check your work. Once your trial balance has balanced, you are now to create the three nancial statements for the month. You Will complete, in good. form, an Income Statement, Retained. Earnings Statement, and Balance Sheet. Finally, you will now have to set up the records for next month by closing the journals and the ledgers. You are also to check if you're still in balance by doing a postdosing trial balance. Be sure to doublecheclc that all temporary accounts are properly closed and not reected on the posteclosmg trial balance. . . . X Once you have completed that, you will finish the month-end accounting activities. You will do your trial balance to check your work. Once your trial balance has balanced, you are now to create the three financial statements for the month. You will complete, in good form, an Income Statement, Retained Earnings Statement, and Balance Sheet. Finally, you will now have to set up the records for next month by closing the journals and the ledgers. You are also to check if you're still in balance by doing a post-closing trial balance. Be sure to double-check that all temporary accounts are properly closed and not reflected on the post-closing trial balance. Requirements and Formatting Your Portfolio Project must be formatted as follows: . Use the word templates provided for the classification exercise. . Use the excel templates provided for the remaining sections of the project. Deadline Deliverable items for the Portfolio Project will be required at different points during the course. Details for each submission are included below in the Deliverable Descriptions. Deliverable Descriptions Week 1: Classification Exercise . Due by the end of Week 1 at 11:59 pm, ET. In order for you to understand what accounts you will need in the company, you will complete the classification exercise on the separate Classification Word document provided. Included in this document, you will also do a trial balance to help with this classification process. Week 2: Journalization . Due by the end of Week 2 at 11:59 pm, ET. Using the information from your classification, you now have figured out which accounts you will need. Using the information listed below, put the transactions in pro forma by doing the 37'F a 11:54 PM Clear 10/18/2022. . . X Week 2: Journalization . Due by the end of Week 2 at 11:59 pm, ET. Using the information from your classification, you now have figured out which accounts you will need. Using the information listed below, put the transactions in pro forma by doing the required journal entries and general ledger posting. Remember to compute account balances as you post. Excel templates are provided in blackboard. NOTE: You will determine the COGS amounts in week 3, make sure to put the entries in without the amounts. ACCT205 - Portfolio Project Directions and Rubric Date Transaction July 1 Owner invested $100,000 cash into the business July 2 Purchased equipment on account for $10,000 plus $100 installation. It has a life of 4 years with zero residual value. July 5 Purchased 20 coats at $50 each terms 2/10, n/30. July 9 Paid $200 for the shipping of the coats on July 5th July 11 Purchased another 10 coats at 560 each term 2/10, n/30. July 15 Paid the rent of $2000. July 15 Sold 2 coats to Argus at $500 each, terms 2/10, n/30. At this point remember to do the COGS entry without the dollar value (LIFO). You will 37'F a 11:55 PM Clear 10/18/2022I Date Transaction Jay 1 Owner invested $100,000 cash into the business. Jay 2 Purchased equipment on account for $10,000 plus $100 installation. It has a life of 4 years Wir zero residual value. hr)! 5 Purchased 20 coats at $50 each terms 2/10, 11/30.u_y 9 Paid $200 for the shipping of the coats on July 5th. I Jay 11 Purchased another 10 coats at 560 each term 2/10, [1/30. Jay 15 Paid the rent of 52000. u_y 15 Sold 2 coats to Argus at $500 each, terms 2/10, n/30. At this point remember to do the COGS entry without the dollar value (LIFO). You will compute that amount in the next step of the project. Jay 16 Sold 4 coats to James at $500 each, terms 2/10, 11/30. You will compute 'Lat amount in the next step of the project. u_y 22 Sold 7 coats to Bob at 5500 each, terms 2/ 10, n/30. You will compute that amount in the next step of the project. Jay 24 Bob returned 1 coat that was damaged and we gave hin credit on his account. Could not be restocked. Jay 26 Bob paid his bill wiLin the discount period. Jay 31 Paid electric bill $100. Week 3: Inventory 0 Due by the end of Week. 3 at 11:59 pm, ET. After completing the journal entries, you will now compute the COGS for the purchasing and sales of the coats. You have been given an inventory ledger in the excel templates to post to. Use LEFO (last in first out) to do your computations. Remember to take the numbers you computed and. put them in the journal. After putting in all the reqmred numbers, post to the appropriate ledger. Week 4: Bad Debts dc Depreciation 0 Due by the end of Week 4 at 11:59 put, ET. \\h... 1...\"... [,......J n..L ILHL II ..._..n 1...." hr...\" Le..1.....l T'L.;..~ L1,.\" Jumt \"v.1\" \"it..."anA ........ . . . X Week 4: Bad Debts & Depreciation . Due by the end of Week 4 at 11:59 pm, ET. You have found out that Argus has gone bankrupt. Using the direct write-off method, you are to write him off on July 31st. Do the appropriate journal entry and post to correct ledgers. It's also the end of the month, so you are to compute the depreciation on the asset purchased on the 2nd. Use the straight-line method and take only one month's depreciation (zero residual value). Do the appropriate journal entry and post to correct ledgers. Week 5: Corporations . Due by the end of Week 5 at 11:59 pm, ET. ACCT205 - Portfolio Project Directions and Rubric 4 It's the end of the month, and the owner is concerned about unlimited liability being a sole proprietorship. Therefore, the company is converting to a corporation. The owner will receive 1,000 shares of $75 par common stock for the original investment. Do the required entry and post to the general ledger using the excel templates provided. Once you updated the general ledger, create a Trial Balance to ensure that your debits equal your credits. Week 6: Financial Statements Creation and Analysis . Due by the end of Week 6 at 11:59 pm, ET. Once you have completed and checked your work with a trial balance from the previous weeks vour emnlover has asked you to create Financial Statements Re sure to do the income 37'F a 11:55 PM Clear 10/18/2022X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share D77 : X V fx A B C D E F G H J K L M N O General Journal Date Account PR Or Cr Week 2 1-Jul Cash $100,000 SBK's capital $100,000 2-Jul Equipment $10,100 Accounts Payable $10,100 10 11 5-Jul Inventories $1,000 12 Accounts Payable $1,000 13 14 9-Jul Inventories $200 15 Cash $200 16 17 11-Jul Inventories $600 18 Accounts Payable $600 19 20 15-Jul Rent expense $2,000 21 Cash $2,000 22 23 15-Jul Accounts Receivable $1,000 24 Sales Revenue $1,000 25 26 15-Jul Cost of Goods sold $120 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 1009 49 F 2:29 AM a Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share D77 X V fx A B C D E F G H J K L M N O 22 23 15-Jul Accounts Receivable $1,000 24 Sales Revenue $1,000 25 26 15-Jul Cost of Goods sold $120 27 Inventories $120 28 29 16-Jul Accounts Receivable $2,000 30 Sales Revenues $2,000 31 32 16-Jul Cost of Goods Sold $240 33 Inventories $240 34 35 22-Jul Accounts Receivable $3,500 36 Sales Revenue $3,500 37 38 24-Jul Sales return & Allowances $500 39 Account Receivable $500 40 41 42 26-Jul Cash $2,940 43 Sales Discount $60 44 Account Receivable $3,000 45 46 31-Jul Electricity Expense $100 47 Cash $100 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:30 AM Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share D77 X V fx A B C D E F G H J K L M N O 48 Week 4 49 7/31/2022 Cost of Good sold $780 50 Inventory $780 51 52 7/31/2022 Bad debt expense $1,000 53 Accounts receivable $1,000 54 6 7/31/2022 Depreciation expense $210 56 Accumulated depreciation $210 57 58 Week 5 59 7/31/2022 SBK Capita $100,000 60 Common Stock ( 1,000 shares X $75 par $75,000 61 Paid in capital account $25,000 62 63 Week 7 64 7/31/2022 sales 500.00 65 income summary 6500.00 66 67 31-Jul Income summary 3620.00 68 sales returns 500.00 69 sales discounts 60.00 70 cost of Goods sold 750.00 71 rent expense 2000.00 72 depreciation expense 210.00 73 utilities expense 100.00 7A grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 2:30 AM 49 F a 1 10/21/2022 ClearX AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share F115 : XV fx A B C D E F G H J K L M N O P Q R S 25 Equipment Act. # 150 26 Date Item PR Debit Credit Balance 27 2-Jul J2 $10,100 $10,100 28 29 30 31 Accumulated Depreciation-Equipment Act. # 150.1 32 Date Item PR Debit Credit Balance 33 7/31/2022 210.00 34 TOTAL 210 35 36 37 Inventory Act. # 170 38 Date Item PR Debit Credit Balance 39 5-Jul J5 $1,000 40 11-Jul J11 $60 41 15-Jul 120.00 42 16-Jul 240.00 43 22-Jul 390.00 44 TOTAL $1,600 750.00 45 46 Accounts Payable Act. # 210 47 Date Item PR Debit Credit Balance 48 2-Jul J2 $10,100 49 5-Jul J5 $1,000 50 11-Jul J11 $600 51 TOTAL 11 70n nn grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:31 AM ()) O Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share F115 : X fx A B C D E F G H J K L M N O P Q R S 46 Accounts Payable Act. # 210 47 Date Item PR Debit Credit Balance 48 2-Jul J2 $10,100 49 5-Jul J5 $1,000 50 11-Jul J11 $600 51 TOTAL 11700.00 52 53 54 55 SBK, Capital Act. # 301 56 Date Item PR Debit Credit Balance 57 1-Jul J1 100000.00 58 TOTAL 100,000 59 60 61 Income Summary Act. # 310 62 Date Item PR Debit Credit Balance 63 64 65 66 67 Common Stock Act. # 320 68 Date Item PR Debit Credit Balance 69 70 71 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:32 AM ()) O Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share F115 : X fx A B C D E F G H J K L M N O P Q R S 72 73 Pad-in-excess of Par Act. # 321 74 Date tem PR Debit Credit Balance 75 76 77 78 79 Retained Earnings Act. # 330 80 Date Item PR Debit Credit Balance 81 82 83 84 85 Sales Act. # 410 86 Date Item PR Debit Credit Balance 87 15-Jul J15 1000.00 88 16-Jul J16 2000.00 89 22-Jul J22 3500.00 90 TOTAL 500.00 91 92 93 94 95 Sales returns & allowances Act. # 410.1 96 Date Item PR Debit Credit Balance 97 24-Jul J24 $500 98 TOTAL 500 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:32 AM ()) O Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share F115 : XV fx A B C D E F G H J K L M N O P Q R S 95 Sales returns & allowances Act. # 410.1 96 Date Item PR Debit Credit Balance 97 24-Jul J24 $500 98 TOTAL 500 99 100 101 Sales discounts Act. # 410.2 102 Date Item PR Debit Credit Balance 103 26-Jull J26 $60 104 TOTAL 60 105 106 107 COGS Act. # 530 108 Date Item PR Debit Credit Balance 109 15-Jul $120 110 16-Jul $240 111 22-Jul $390 112 TOTAL $750 113 114 115 116 Electric Expense Act. # 540 117 Date Item PR Debit Credit Balance 118 31-Jul J31 $100 119 TOTAL $100 120 121 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:32 AM Clear ()) O 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share F115 : X V fx A B C D E F G H J K L M N O P Q R S 116 Electric Expense Act. # 540 117 Date Item PR Debit Credit Balance 118 31-Jul J31 $100 119 TOTAL $100 120 121 122 Depreciation Expense Act. # 550 123 Date Item PR Debit Credit Balance 124 7/31/2022 $210 $210 125 TOTAL $210 126 127 128 Bad Debts Expense Act. # 560 129 Date Item PR Debit Credit Balance 130 7/31/2022 $1,000 $1,000 131 TOTAL $1,000 132 133 134 Shipping Expense Act. # 570 135 Date Item PR Debit Credit Balance 136 137 138 139 140 Rent Expense Act. # 580 141 Date Item PR Debit Credit Balance an nonl grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:32 AM ()) O Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share F115 I X V fx A B C D E 31-JUT F G H 1 18 J K L M N O P Q R S 119 TOTAL $100 120 121 122 Depreciation Expense Act. # 550 123 Date Item PR Debit Credit Balance 124 7/31/2022 $210 $210 125 TOTAL $210 126 127 128 Bad Debts Expense Act. # 560 129 Date Item PR Debit Credit Balance 130 7/31/2022 $1,000 $1,000 131 TOTAL $1,000 132 133 134 Shipping Expense Act. # 570 135 Date Item PR Debit Credit Balance 136 137 138 139 140 Rent Expense Act. # 580 141 Date Item PR Debit Credit Balance 142 15-Jul J15 $2,000 $2,000 143 TOTAL $2,000 144 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F Clear a ()) O 2:32 AM 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share N14 X V fx B C D E F G H K L M N O P Q R S T U V 17 7 $500 $3,500 21 $50 $1,050 18 0 $60 $0 19 21 $1,050 20 22 $50 $1,100 21 34 $1,800 13 $6,500 27 $1,100 22 23 Inventory Available for Sale Cost of Goods Sold Ending Inventory 24 20-Jul $50 $1,000 20 $50 $1,000 25 20 $50 $1,000 20 $50 $1,000 26 4 $50 $200 4 $50 $200 27 24 $50 $200 24 $50 $200 28 24 $1,200 24 $1,200 29 24 $50 $1,20 24 $50 $1,200 30 10 $60 $600 10 $60 $600 34 $1,800 34 $1,800 32 $50 SO 24 $50 $1,200 $60 $120 CO $60 $480 ONNO 34 $120 32 $1,680 $50 SO 24 $50 $1,200 $60 $240 4 $240 $240 28 $1,440 38 $50 $150 21 $50 $1,050 39 $60 $150 0 $60 SO 40 $390 21 $1,050 41 $50 SO 22 $50 $1,100 42 34 $1,800 12 $700 22 $1,100 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 1009 49 F a 2:33 AM ()) O Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share C26 A B C D E F G H I J K L M N O P Unadjusted Trial Balance W N 7/31/2022 4 Account Act. # Debit Credit 5 Cash 101 $100,640 6 Account Receivable 105 $3,000 7 Equipment 150 $10,100 8 Iventory 170 $850 Account payable 210 $11,500 10 Owner's capital $100,000 11 Sales 410 $6,500 12 Sales returns & allowances 410.1 $500 13 Sales Discounts 410.2 $60 14 Cost of Goods sold 530 $750 15 Electric expense 540 $100 16 Rent expense 580 $2,000 17 total $118,000 $118,000 18 19 20 21 22 23 24 25 26 27 20 grading breakdown Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Deprec ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:33 AM Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn. Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share J17 : XV fx A B C D E F G H K L M N O P Q R S T U W N - ACCOUNTS DEBIT CREDIT 6 Cash 100,640 7 Accounts Receivable 2,000 CO inventory 1020 9 Equipment 10,100 10 Accumulated Depreciation 210 11 Accounts Payable 11,700 12 Common Stocks 75,000 13 Share Premium 26,850 14 15 16 17 18 19 20 21 22 23 24 25 26 37 ... Wk 2,3,4,5, 7-Journal Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Depreciation Wk 6-Financia ... (+ Ready Accessibility: Investigate + 100% 49 F a 2:33 AM Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share B56 : X fx 1850 A B C D E F G H I J K L M N SBK CORPORATION W N - Income Statement FOR THE MONTH ENDED JULY 31 SALES $65,000 LESS: Sales returns and allowances $500 Sales discount $60 Net sales $5,940 Less: Cost of Goods Sold $780 Gross Profit $5,160 10 Less: Operating Expenses 11 Electric expense $100 12 Depreciation expense $210 13 Rent expense $2,000 14 Bad Debts expense $1,000 15 Total Operating Expenses $3,310 6 Net income 17 $1,850 18 19 20 21 22 23 24 SBK CORPORATION 25 Statement of Retained Earnings 26 Enr the Month Endod July 21 2073 ... Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Depreciation Wk 6-Financial Statements Wk 7-PI ... + Ready Accessibility: Investigate + 100% 49 F a 2:33 AM Clear 10/21/2022 1X AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share B56 : X fx 1850 A B C D E F G H J K L M N 17 $1,850 18 19 20 21 22 23 24 SBK CORPORATION 25 Statement of Retained Earnings 26 For the Month Ended July 31,2022 27 Retained Earning, beginning SO 28 Add: Net Income $1,850 29 Less: Withdrvas SO 30 Retained Earning, end $1,850 31 32 33 34 35 36 37 38 39 SBK COPORATION 40 Balance Sheet 41 7/31/2022 42 Cash ... Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Depreciation Wk 6-Financial Statements Wk 7-PI ... + Ready Accessibility: Investigate + 100% 49 F a 2:33 AM () O Clear 10/21/2022 1ACCT205 - Portfolio Project Week 7 v X X AutoSave Off Search (Alt+Q) Miarlynn.Duquene@outlook.com File Home Insert Page Layout Formulas Data Review View Help Comments Share B56 : X fx 1850 A B C D E F G H J K L M N 38 39 SBK COPORATION 40 Balance Sheet 41 7/31/2022 42 Cash $100,640 43 Accounts Receivable $2,000 44 Inventories $1,0201 45 Equipment $10,100 46 Less: Accumulated Depreciation 5210 47 Total Assets $113,550 48 49 LIABILITIES & SHAREHOLDERS' EQUITY 50 51 Account Payable $11,700 52 Total Liabilties $11,700 53 54 Common Stock $75,000 55 Shared Premium $25,000 56 Retained Earnings $1,850 57 Total Shareholder's Equity $101,850 58 Total Liabilities & Shareholder's Equity $113,550 59 60 61 62 63 ... Week 2,3,4,5,7-General Ledgers Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Depreciation Wk 6-Financial Statements Wk 7-PI ... + + 100% Ready Accessibility: Investigate 2:33 AM 49 F a 1 10/21/2022 ClearX AutoSave Off ACCT205 - Portfolio Project Week 7 v Search (Alt+Q) Miarlynn.Duquene@outlook.com X File Home Insert Page Layout Formulas Data Review View Help Comments Share C17 : X fx A B C D E F G H J K L M N O P Post Closing Trail Balance AWN - Act. # Debit Credit Cash $100,640 account receivable $3,000 Equipement $85 8 Inventory $10,100 9 Accumulated Depreciation Equipment $210 10 Accounts Payable $11,500 11 Owner's capital $100,000 12 Retained earnings $2,880 13 Total 114590.00 114590.00 14 15 16 17 18 19 20 21 22 23 24 25 26 27 ... Wk 3-Inventory Ledger Wk 3-Unadjusted Trial Balance Wk 4- BadDebt Depreciation Wk 6-Financial Statements Wk 7-Post Closing Trial Balance + Ready Accessibility: Investigate + 100% 49 F a 2:33 AM Clear 10/21/2022 1