We are working on adjust journal entries for a company as our final project.

we need to make adjusting journal entries and put them into the trial balance.

preparing adjusting journal entries. 1 Bank accounts have been reconciled. Accrueinterest on Treasury bills. The Accounts receivable printed an AR Ageing Report for you. Calculate allowance account balance. 3 The Rent expense account shows two payments of $9,600 on 6/1/21 and 12/1/21. 4 The inventory control company issued a report following the physical count of inventory on hand: $34,970 The company's count of supplies on hand is $400. A staff member compiled the fair values of investments held. Detail in the Office equipment account shows the following: Laptop purchased 3/31/21 for $3,500. The account showed a $500 credit on 8/31/2021. You found a sales recelpt for $500 that identified the 8 equipment sold as a 3-D printer. Update the depreciation schedule by properly disposing of the 3-D printer and adding the new laptop. Use straight-line and a 5-year life for the laptop. No salvage value. 10 Confirm balance in interest Payable account. 11 Payroll for the month ended 12/31/2021 is $9,240 and will be paid on January 5, 2022. 12 Record income tax expense using an income tax rate of 21 13 The company launched a subscription service for gift baskets. Prepare the adjusting journal entries needed on each worksheet. Post them to the trial balance spreadsheet. Prepare a multi-step income statement, statement of retained earnings, and a comparative classified balance sheet. Use net numbers when possible. Calculate the financial ratios, when possible, for 2020 and 2021. Briefly explain the trend (do not tell me it went up or downl). Grading Workpapers-calculate adjustments needed using actual numbers and unadjusted balance. Prepare AJEs from workpaper calculations. Post the AJs to the appropriate accounts on A1. Financial statements Ratio analysis - calculate formulas by referring to numbers from financial statements. * Customer E's 55.000 account was more than 60 days past due when their account was converted. Add header Saints, Inc. Fixed Asset Schedule 12/31/22 Equipment Furniture \begin{tabular}{|c|} \hline 12,500 \\ \hline 78,500 \\ \hline \end{tabular} Additions Disposals \begin{tabular}{r} Ending balance \\ \hline 12,500 \\ 78,500 \end{tabular} Total 91,000 91,000 preparing adjusting journal entries. 1 Bank accounts have been reconciled. Accrueinterest on Treasury bills. The Accounts receivable printed an AR Ageing Report for you. Calculate allowance account balance. 3 The Rent expense account shows two payments of $9,600 on 6/1/21 and 12/1/21. 4 The inventory control company issued a report following the physical count of inventory on hand: $34,970 The company's count of supplies on hand is $400. A staff member compiled the fair values of investments held. Detail in the Office equipment account shows the following: Laptop purchased 3/31/21 for $3,500. The account showed a $500 credit on 8/31/2021. You found a sales recelpt for $500 that identified the 8 equipment sold as a 3-D printer. Update the depreciation schedule by properly disposing of the 3-D printer and adding the new laptop. Use straight-line and a 5-year life for the laptop. No salvage value. 10 Confirm balance in interest Payable account. 11 Payroll for the month ended 12/31/2021 is $9,240 and will be paid on January 5, 2022. 12 Record income tax expense using an income tax rate of 21 13 The company launched a subscription service for gift baskets. Prepare the adjusting journal entries needed on each worksheet. Post them to the trial balance spreadsheet. Prepare a multi-step income statement, statement of retained earnings, and a comparative classified balance sheet. Use net numbers when possible. Calculate the financial ratios, when possible, for 2020 and 2021. Briefly explain the trend (do not tell me it went up or downl). Grading Workpapers-calculate adjustments needed using actual numbers and unadjusted balance. Prepare AJEs from workpaper calculations. Post the AJs to the appropriate accounts on A1. Financial statements Ratio analysis - calculate formulas by referring to numbers from financial statements. * Customer E's 55.000 account was more than 60 days past due when their account was converted. Add header Saints, Inc. Fixed Asset Schedule 12/31/22 Equipment Furniture \begin{tabular}{|c|} \hline 12,500 \\ \hline 78,500 \\ \hline \end{tabular} Additions Disposals \begin{tabular}{r} Ending balance \\ \hline 12,500 \\ 78,500 \end{tabular} Total 91,000 91,000