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Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 12/01/2020: Sell on account to Walker Fitness Gym, terms 1/15, n30, the following: 36 Regular Bikes, 36 Regular Helmets, 14XI. Bikes, 14XI. Helmets. 1202/2020: Pay for the helmet purchase that was made November 5at. 12/03/2020: Purchase on account, terms 2/15, n/30, FOB Destination from Discount Sports Distribution the following items, and received the same dyy: - 30 Regular Bikes for $92 ieach - 16XI. Bikes for $101 cach - 80 Regular Helmets for $13 cach - 40 XI Helmets for $14 each 12.04/2020: Sold to cash customers 6XL Bikes, 5XI. Helmets, 3 Regular Bikes, and 4 Regular Helmets. 12/5/2020: Sold to cash customers 22 Regular Bikes, 18 Regular Helmets, and 5XI. Bikes. 12/6/2020: Paid the bill for the purchase of the Point-of-Sale system. 12/8/2020: Received a utilities bill for the bundled phone internet for the shop. Paid it the same day, 5245 . 12/102020: Sold to cash customers 19 Regular Bikes, 2 Regular Helmets, 12 XL. Bikes, 6 XI. Helmets. 12/11/2020: Sold on account to Ripley 's Raceway Park, terms 1/15, n/30, 20 each of the 4 inventory items. 12/12/2020: Received payment from Walket's Fitness Gym for the entire purchase they made with us on December 1. 12/15/2020: Clint and Chelsea decide to take a \$2,000 dividend for each of them. They will close the shop for a few weeks to enjoy the year-end holidays and resume business the following year. Adjusting entries: you should make adjusting entries for any expense items needed. Also, a count of office supplies shows only 565 remaining. From the Adjusted Trial Balance prepared in Part 1, prepare the four financial statements, followed by closing entries, and the Post-closing Trial Balance. halance. Slock are issued to the Partoer for this thertactici= (ectatily ). esce the first 6 rewedh's rent. $1,500. yaluc. which Pcual Puakers pays. 90dajs with 9 te intercst. 1104/20e0. Redal Puehers pucchases 100585 Tho- Cycle tien (repulat sinc) and 60595 Prot Deitination. Pedal Puakers is telline the regulat siik bike for 5165 and the XI. tive bike for 5185 . The invettery should be delivered 11 R 2020 . should arrive 13/92020. The compary will charge crotocest 524 jor the tepular sire and 530 for the larger size 11092020: Both parchases froen the 42 and the 5a arrive at the abop. - 11/122020; Costomer buys a regular sine bike, peyis cach V 11/14/2020: Custionet buy 3 XI bikel, paying ceth 11/21/2020 - Pedal Pushers pays for the purchase trat cos the 4th. 11/222020. Cuciocner beys a regular size brike and a resulat wiae helmith. pay ing eash. 11302020:A cortht of office supnlies shows thet 5:30 are remainiag. - 30 Requler blike for Syeicath j7at - 16 Xi. Bilore fers 510 fieach - w) Thecularlitunets for 513 teak hat 40 XL Felmeti foe 514 irach Helmets, Helriets. ifventary items. with ws on Decemher ]th, of odfice susplies shows anly 56 (is fomaining Frem the Adjusted Trial Balance propared in Part 1. propare the foar financial atatethenE. followed by elosing entries, and the Pout-clesing Trial Dulusec. Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 12/01/2020: Sell on account to Walker Fitness Gym, terms 1/15, n30, the following: 36 Regular Bikes, 36 Regular Helmets, 14XI. Bikes, 14XI. Helmets. 1202/2020: Pay for the helmet purchase that was made November 5at. 12/03/2020: Purchase on account, terms 2/15, n/30, FOB Destination from Discount Sports Distribution the following items, and received the same dyy: - 30 Regular Bikes for $92 ieach - 16XI. Bikes for $101 cach - 80 Regular Helmets for $13 cach - 40 XI Helmets for $14 each 12.04/2020: Sold to cash customers 6XL Bikes, 5XI. Helmets, 3 Regular Bikes, and 4 Regular Helmets. 12/5/2020: Sold to cash customers 22 Regular Bikes, 18 Regular Helmets, and 5XI. Bikes. 12/6/2020: Paid the bill for the purchase of the Point-of-Sale system. 12/8/2020: Received a utilities bill for the bundled phone internet for the shop. Paid it the same day, 5245 . 12/102020: Sold to cash customers 19 Regular Bikes, 2 Regular Helmets, 12 XL. Bikes, 6 XI. Helmets. 12/11/2020: Sold on account to Ripley 's Raceway Park, terms 1/15, n/30, 20 each of the 4 inventory items. 12/12/2020: Received payment from Walket's Fitness Gym for the entire purchase they made with us on December 1. 12/15/2020: Clint and Chelsea decide to take a \$2,000 dividend for each of them. They will close the shop for a few weeks to enjoy the year-end holidays and resume business the following year. Adjusting entries: you should make adjusting entries for any expense items needed. Also, a count of office supplies shows only 565 remaining. From the Adjusted Trial Balance prepared in Part 1, prepare the four financial statements, followed by closing entries, and the Post-closing Trial Balance. halance. Slock are issued to the Partoer for this thertactici= (ectatily ). esce the first 6 rewedh's rent. $1,500. yaluc. which Pcual Puakers pays. 90dajs with 9 te intercst. 1104/20e0. Redal Puehers pucchases 100585 Tho- Cycle tien (repulat sinc) and 60595 Prot Deitination. Pedal Puakers is telline the regulat siik bike for 5165 and the XI. tive bike for 5185 . The invettery should be delivered 11 R 2020 . should arrive 13/92020. The compary will charge crotocest 524 jor the tepular sire and 530 for the larger size 11092020: Both parchases froen the 42 and the 5a arrive at the abop. - 11/122020; Costomer buys a regular sine bike, peyis cach V 11/14/2020: Custionet buy 3 XI bikel, paying ceth 11/21/2020 - Pedal Pushers pays for the purchase trat cos the 4th. 11/222020. Cuciocner beys a regular size brike and a resulat wiae helmith. pay ing eash. 11302020:A cortht of office supnlies shows thet 5:30 are remainiag. - 30 Requler blike for Syeicath j7at - 16 Xi. Bilore fers 510 fieach - w) Thecularlitunets for 513 teak hat 40 XL Felmeti foe 514 irach Helmets, Helriets. ifventary items. with ws on Decemher ]th, of odfice susplies shows anly 56 (is fomaining Frem the Adjusted Trial Balance propared in Part 1. propare the foar financial atatethenE. followed by elosing entries, and the Pout-clesing Trial Dulusec

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