Answer both Questions Below:

1. Anderson's Donuts reported the above figures from its adjusted trial balance on 6/30/20. Please prepare a multistep income statement, statement of retained earnings, and balance sheet for the year ending 6/30/20. Don't forget to appropriately title the financial statements!

2. Journalize the following transactions for Anderson's Book Shop assuming they use a perpetual inventory system.

Cash Selling Expenses Accounts Payable Common Stock Notes Payable, due in 2 years Merchandise Inventory Accounts Receivable Administrative Expenses Cost of Goods Sold Equipment, net of depreciation Retained Earnings Accrued Liabilities Sales Revenue Interest Expense Building, net of depreciation $ 2,900 $ 1,400 $ 4,300 $ 4,365 $ 500 $ 1,100 $ 380 $ 3,300 $ 18,700 $ 9,500 $ 620 $ 1,800 $ 29,200 $ 65 $ 3,440 Anderson's Donuts reported the above figures from its adjusted trial balance on 6/30/20. Please prepare a multi-step income statement, statement of retained earnings, and balance sheet for the year ending 6/30/20. Don't forget to appropriately title the financial statements! Journalize the following transactions for Anderson's Book Shop assuming they use a perpetual inventory system. Date 3/2/2020 3/5/2020 |3/7/2020 3/10/2020 3/11/2020 |3/25/2020 Transaction Purchased $6000 of merchandise on account, terms 2/10, n/30. Returned $1500 of merchandise purchased on March 2nd due to defects. Recorded cash sales for the first week of March $9800; cost of the merchandise was $4000 Sale on account to a local coffee shop for $500, terms 1/10, n/30: cost of the merchandise was $250 Paid for the merchandise from March 2nd, less the return. Receivd payment from the sale on March 10th, after the discount period