Wizard Computer Sales and Services, Inc. Wizard Computers is a retail business dealing in sales of computers asd equipment in addition, the company provides installation and servicing of conputer systems. The clientele inclodes wholesale and retail businesses, professionals, and private individuals. It is both a merchasdising and a service business. It is owned by a small number of investors from Inman, South Carolina, with John Jones as the controiling investor. The following journals should be included in your accounting for the company: Sales Journal - Cash Receipts Journal - Purchases Journal - Cash Payrnents Journal - General Journal The trial balanee for November is included. The accounts receivable and accounts payable ledsers for November are also included. Cash sales are recorded at the end of each weck. All sales on account are subject terms of 2/10,n/30. All purchases on account are subject to terns of 3/15,n/30. Totals of the Special Journals should be posted to the General Ledger weekly. Instructions 1. Post the balances from the trial balance to the appropriate General Ledger accounts. 2. Post the balances from the accounts receivable and accounts payable totals for Nov. to the ledgers. 3. Post all transactions for December to the appropriate journals and ledgers. 4. Prepare a trial balanco for December. 5. Prepare a schedule of accounts reccivable and accounts payable for the end of December. 6. Journalize and post the adjusting entries based on the following information. 7. a. Allowance for Doubtful accoun's should be 10% of total accounts receivable for the year. 11. Presure fir incial stitments for year end 9. foumative and posteciosing entries 10. Photore in profectosing trial balance Wizard Computer Sales and Services, Inc. Wizard Computers is a retail business dealing in sales of computers asd equipment in addition, the company provides installation and servicing of conputer systems. The clientele inclodes wholesale and retail businesses, professionals, and private individuals. It is both a merchasdising and a service business. It is owned by a small number of investors from Inman, South Carolina, with John Jones as the controiling investor. The following journals should be included in your accounting for the company: Sales Journal - Cash Receipts Journal - Purchases Journal - Cash Payrnents Journal - General Journal The trial balanee for November is included. The accounts receivable and accounts payable ledsers for November are also included. Cash sales are recorded at the end of each weck. All sales on account are subject terms of 2/10,n/30. All purchases on account are subject to terns of 3/15,n/30. Totals of the Special Journals should be posted to the General Ledger weekly. Instructions 1. Post the balances from the trial balance to the appropriate General Ledger accounts. 2. Post the balances from the accounts receivable and accounts payable totals for Nov. to the ledgers. 3. Post all transactions for December to the appropriate journals and ledgers. 4. Prepare a trial balanco for December. 5. Prepare a schedule of accounts reccivable and accounts payable for the end of December. 6. Journalize and post the adjusting entries based on the following information. 7. a. Allowance for Doubtful accoun's should be 10% of total accounts receivable for the year. 11. Presure fir incial stitments for year end 9. foumative and posteciosing entries 10. Photore in profectosing trial balance