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Want to post t accounts and get the post closing trial balance

COLLEGE COASTERS, INC UNADJUSTED TRIAL BALANCE AS OF NOVEMBER 30, 2017 DR CR 10,005 2,000 500 600 700 CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID RENT EQUIPMENT ACCUMULATED DEPRECIATION ACCOUNTS PAYABLE SALARIES &WAGES PAYABLE INCOME TAXES PAYABLE COMMON STOCK RETAINED EARNINGS SALES REVENUE COST OF GOODS SOLD DEPRECIATION EXPENSE INCOME TAX EXPENSE OFFICE EXPENSE RENT EXPENSE SALARIES&WAGES EXPENSE $110 1,500 300 6,500 3,030 15,875 8,900 110 1,400 1,100 2,000 $27,315 27.31S $
y buys coasters from one supplier. All amounts in Accounts Payable on December 1, 2017 The are company n oved to that supplier. Inventory on December 1 consisted of 1,000 coasters, all of which were ourchased in a batch on July 10, 2017 for $0.50 each. College Coasters records its inventory using a perpetual inventory system and the weighted average cost method. During December, the company entered into the following transactions: this d 1. Purchased 500 coasters on account from the supplier on 12/1 for $0.50 each, with terms of 2/10, Net 30, FOB Shipping Point. Purchased 1,000 coasters on account from the supplier on 12/2 for $0.50 each, with terms of 2/10, Net 30, FOB Shipping Point. Sold 2,000 coasters on account on 12/3 for $2.50 each, with terms of 2/10, Net 30, FOB Destination. The coasters were delivered on 12/4 Collected $4,000 from customers on account on 12/17. Paid the supplier $2,250 cash on account on 12/18. Paid employees $500 on 12/23. $300 was related to work performed in November and the remaining $200 was related to work performed through 12/22. Sold 100 coasters on account on 12/31 for $2.50 each, with terms of 2/10, Net 30, FOB Destination. The coasters were dropped off with the common carrier on 12/31 and will be delivered on 1/4/2018. 2. 3. 4. 5. 6. 7. Also, as of December 31, 2017: kirl College Coasters has not yet recorded office expenses incurred of $200 on account. Payment is due on 1/15/2018. The equipment was purchased January 1, 2017, with an original cost of $700 and a residual value of $100. The equipment has an estimated useful life of 5 years and is depreciated using the straight line method. Depreciation is recorded monthly, and has been recorded through November 30, 2017. 8. 9. 10. Between December 23 and December 31, employees worked 10 hours and are paid $10 per 11. On November 30, 2017, the company paid $600 for rent for December 2017-May 2018. This 12. Income tax expense for the year ended December 31, 2017 is $740. hour. They will be paid for this time on January 15, 2018. amount was posted to Prepaid Rent.
REQUIRED: Complete the following: a. How many units are in beginning inventory on 12/1? b. What is the original cost of beginning inventory on 12/1? c. Calculate the number of units purchased and the total units purchased in December d. Calculate Cost of Goods Available for Sale and the number of Units Available for Sale in 1. December How many units were sold in December? e. f. Calculate Ending Inventory as of December 31, 2017 and Cost of Goods Sold for the month ended December 31, 2017 8. Calculate Cost of Goods Sold for the year ended December 31, 2017. Prepare Journal Entries for 1 through 7 above. Setup T-Accounts for the accounts on the Unadjusted Trial Balance as of November 30, 2017 Use the balances from the trial balance as the beginning balances in your T-Accounts. 4.) Post the Journal Entries to the T-Accounts. Prepare an Unadjusted Trial Balance as of December 31, 2017. Prepare Adjusting Journal Entries for 8 through 12 above. Post the Adjusting Journal Entries to the T-Accounts. Prepare an Adjusted Trial Balance as of December 31, 2017. Prepare and Income Statement and a Statement of Retained Earnings for the year ended December 31, 2017, and a Balance Sheet as of December 31, 2017. (For the Income Stateme use the format in the example provided.) 7. 8. 9. 10. Prepare the Closing Journal Entry 11. Post the Closing Journal Entry to the T-Accounts 12. Prepare the Post-Closing Trial Balance as of December 31, 2017
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Question is about College Coaster inc, to be solved for full accounting cycle. However asked for T-Account and Post Closing trial which is enclosed here.

Please let me know if image is not readable.lease hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. Common Stock Beginning Balance 10,005 1210 S00012/23 S 2250 Beginning Bc 6,500 Endine Balance Beginning Balance 1231 Inems 3,030 Endine Balence Ending Balance 8,045 Accourts Recclvable Bepinning Balance 12/3 2000 2.5 S2012/1 $ 400 Debit 12/31 Iomc Summar 20375 Bc Ending Dalance S 3,000 Ending Balance Cost of Goods Sold 500 123 2000 0.5) Debit Credit 12/1 (1000.0.5 Debit Credit Depreciation Expense 110 1231 Inceme Summ $ 10 Ending Balancc Dcblt Crodlt Beginning Balance 12/31 1231 Incme Summary Ending Balance Accumulated Dc BeginningBelance110 12.31I Debit 14001231 Inmc5 Ending Dalance 120 Debit Credit Balance 1500 s 2.250 Debit Credit 1,100 1231 Incume Smma 121 000 05) Salaries and Wages Payable Salaries and wages Expense 0ecinning lance 12/31 110 10) 31 Incere Summa 12/23 tnding Nalance 1on tnding nalance Income Taxcs Pavalie BeginninzBalance 12/31 Cast of Goods Sold 12/31 9,001231 Serice Revenue20,975 Ending Balance 740 $1800 1,200 5 2.300 12/31 Retained Earning (Balance) 5,015 12/31 Offike Expense 31 Salaries Fx Post Closing Trial Balance DebitCredit 11.255 3,000 5 250 $ 300 Accounts Racaivable Prepaid Rent Accounts Paysble Salaries and Wages Payable Commen Stock Rtained Earning From T Acoountl 6,300 15,705 $ 15.705

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