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URGENT!!! use excel This company was incorporated on Dec 15 th, 2021 with a $10,000 investment from its owner. Inventory was purchased at the end

URGENT!!! use excel
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This company was incorporated on Dec 15 th, 2021 with a $10,000 investment from its owner. Inventory was purchased at the end of December and opened for business on January 15t,2022. Below is the trial balance of the company on December 31st, 2021 A) Journalize the following transactions (This company does monthly financial statements) B) What is the balance of the Accounts Payable Account C) What is the total llability of taxes due to government taxing agencies. (Both federal and state) 1) The company borrowed $54763 on January 1,2022 at an interest rate of 3.45% APR. The note has quarterly, first interest payment due on March 30 th 2022 , interest payments and is due in full on December 31,2022. 2) The company receives an advanced payment of $4119 from a customer for inventory to be shipped in the next month. 3) The company paid $4525.4 against the accounts payable from the December inventory purchases. 4) The company purchases an additional $45221 of inventory. Paying $10,000 in cash and the remainder on credit. 5) The company purchased an optical sorting machine to increase the efficiency of the sorting of inventory. The machine cost, and was paid for in cash, $10205 and was placed in operation in January 15 th. 6) During the month the company generated $75179 of sales. All sales on credit. The cost of goods sold totaled 532402 7) On January 31st the company accrued payroll that will be paid on the first Monday in February. The gross payroll was $20057 None of the employees reached the cap on any of the taves. Don't forget the journal for the employer portion of taxes

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