(Using information for Zachary, Inc.) I need help filling out the following sheets provided in the photos. Thank you in advance!

Project 1 -Accounting Cycle Acct 2400 Name: This assignment is due at the beginning of class on Tue. Oct. 1 . late submissions (even within the class period on the due date) will be assessed a late penalty. This project is worth 30 points Note: This cover page must be printed with the rest of the packet and submitted as the first page of the completed project. Print your name (legibly) on this cover sheet. Zachary, Inc. began business operations on January 1, 2018. Zachary's annual reporting period ends December 31. Some events have already occurred and have been recorded; these are reflected in the beginning balances shown on the basic accounting equation grid. Analyze the following additional events during 2018 and complete the requirements on the following pages. Events: a) Paid an accounts payable balance of $6,000. b) Purchased $4,300 supplies on account for future use. c) Collected accounts receivable, $12,000. d) Customer paid $4,800 in advance for future services. e) Purchased $17,000 of equipment for use in the business, signed a promissory note to pay the supplier in 6 months. f) Earned $95,000 in service revenues for 2018, collecting $40,000 in cash and the rest on credit 8) On July 1, paid $24,000 to rent a building for the rest of 2018 and the first half of 2019. h) Declared and paid a $20,000 cash dividend. Data for adjusting entries: During December, Zachary provided $5,000 in service on account that was not recorded i) earlier. )Zachary provided $4,000 in service that had been prepaid in transaction (d) k) Wages of $8,400 earned by employees since the December 24 payroll were not yet paid. DDetermined after a year-end count that $11,000 of supplies had been used during the year. Accrued $2,800 interest on an outstanding loan (promissory note). m) Building rental expenses for the year, paid in transaction (g), had not yet been recorded. Depreciation for the year on the equipment was $6,200. o) p) Income tax for the year was $9,000. It will be paid in 2019 n) Project 1-Accounting Cycle Acct 2400 6) Prepare an Adjusted Trial Balance ZACHARY, INC. Adjusted Trial Balance As of December 31, 2018 Credit Debit Cash Accounts Receivable Prepaid Expenses Supplies (on hand) Equipment Accumulated Depreciation (Equipment) Accounts Payable Unearned Revenue Notes Payable Contributed Capital Retained Earnings Dividends Declared Service Revenue Depreciation Expense Interest Expense Rent Expenses Supplies Expenses Wage Expense Income Tax Expense Total Page 9 of 13 Project 1 -Accounting Cycle Acct 2400 7) Prepare a set of annual financial statements. Zachary, Inc. Income Statement For the Year Ended: 2018 Sales Revenue Less: Supplies Expense Insurance Expense Depreciation Expense Interest Expense Other Expenses NET INCOME Statement of Changes in Stockholders' Equity For the Year Ended: 2018 Beginning Common Stock Plus: Common stock issued Ending common stock Beginning retained earnings Plus: Net income (loss) Less: Dividends declared Ending retained earnings TOTAL STOCKHOLDER'S EQUITY Page 10 of 13 Project 1-Accounting Cycle Acct 2400 Zachary, Inc. Balance Sheet As of the Last Day of: 2018 Assets Cash Accounts Receivable Prepaid Services Supplies (on hand) Equipment, net TOTAL ASSETS Liabilities Accounts Payable Unearned Revenue Notes Payable Total Liabilities Equity Common Stock Retained Earnings Total Equity TOTAL LIABILITIES AND EQUITY Page 11 of 13 Project 1 -Accounting Cycle Acct 2400 Zachary, Inc. Statements of Cash Flows For the Year Ended: 2018 Cash flows from operating activities Cash collected from customers Cash paid to suppliers of operating services & goods Net cash flow from operating activities Cash flow from investing activities Cash collected from selling long-term assets Cash paid to purchase long-term assets Net cash flow from investing activities Cash flows from financing activities Cash inflows from borrowing Cash payments to repay debt Cash inflows from issuing stock Cash payments of dividends Net cash flows from financing activities Net change in cash Beginning cash balance Ending Cash Balance Page 12 of 13 Project 1 -Accounting Cycle Acct 2400 Name: This assignment is due at the beginning of class on Tue. Oct. 1 . late submissions (even within the class period on the due date) will be assessed a late penalty. This project is worth 30 points Note: This cover page must be printed with the rest of the packet and submitted as the first page of the completed project. Print your name (legibly) on this cover sheet. Zachary, Inc. began business operations on January 1, 2018. Zachary's annual reporting period ends December 31. Some events have already occurred and have been recorded; these are reflected in the beginning balances shown on the basic accounting equation grid. Analyze the following additional events during 2018 and complete the requirements on the following pages. Events: a) Paid an accounts payable balance of $6,000. b) Purchased $4,300 supplies on account for future use. c) Collected accounts receivable, $12,000. d) Customer paid $4,800 in advance for future services. e) Purchased $17,000 of equipment for use in the business, signed a promissory note to pay the supplier in 6 months. f) Earned $95,000 in service revenues for 2018, collecting $40,000 in cash and the rest on credit 8) On July 1, paid $24,000 to rent a building for the rest of 2018 and the first half of 2019. h) Declared and paid a $20,000 cash dividend. Data for adjusting entries: During December, Zachary provided $5,000 in service on account that was not recorded i) earlier. )Zachary provided $4,000 in service that had been prepaid in transaction (d) k) Wages of $8,400 earned by employees since the December 24 payroll were not yet paid. DDetermined after a year-end count that $11,000 of supplies had been used during the year. Accrued $2,800 interest on an outstanding loan (promissory note). m) Building rental expenses for the year, paid in transaction (g), had not yet been recorded. Depreciation for the year on the equipment was $6,200. o) p) Income tax for the year was $9,000. It will be paid in 2019 n) Project 1-Accounting Cycle Acct 2400 6) Prepare an Adjusted Trial Balance ZACHARY, INC. Adjusted Trial Balance As of December 31, 2018 Credit Debit Cash Accounts Receivable Prepaid Expenses Supplies (on hand) Equipment Accumulated Depreciation (Equipment) Accounts Payable Unearned Revenue Notes Payable Contributed Capital Retained Earnings Dividends Declared Service Revenue Depreciation Expense Interest Expense Rent Expenses Supplies Expenses Wage Expense Income Tax Expense Total Page 9 of 13 Project 1 -Accounting Cycle Acct 2400 7) Prepare a set of annual financial statements. Zachary, Inc. Income Statement For the Year Ended: 2018 Sales Revenue Less: Supplies Expense Insurance Expense Depreciation Expense Interest Expense Other Expenses NET INCOME Statement of Changes in Stockholders' Equity For the Year Ended: 2018 Beginning Common Stock Plus: Common stock issued Ending common stock Beginning retained earnings Plus: Net income (loss) Less: Dividends declared Ending retained earnings TOTAL STOCKHOLDER'S EQUITY Page 10 of 13 Project 1-Accounting Cycle Acct 2400 Zachary, Inc. Balance Sheet As of the Last Day of: 2018 Assets Cash Accounts Receivable Prepaid Services Supplies (on hand) Equipment, net TOTAL ASSETS Liabilities Accounts Payable Unearned Revenue Notes Payable Total Liabilities Equity Common Stock Retained Earnings Total Equity TOTAL LIABILITIES AND EQUITY Page 11 of 13 Project 1 -Accounting Cycle Acct 2400 Zachary, Inc. Statements of Cash Flows For the Year Ended: 2018 Cash flows from operating activities Cash collected from customers Cash paid to suppliers of operating services & goods Net cash flow from operating activities Cash flow from investing activities Cash collected from selling long-term assets Cash paid to purchase long-term assets Net cash flow from investing activities Cash flows from financing activities Cash inflows from borrowing Cash payments to repay debt Cash inflows from issuing stock Cash payments of dividends Net cash flows from financing activities Net change in cash Beginning cash balance Ending Cash Balance Page 12 of 13