Chapter 4 problem 4-1

please make sure everything sent is solved nice and neet because I caint read cursive make sure when sending work that its all showing because have had other sent me work will I caint see the full picture please and thank you.

Requirement 1 (If you previously completed Problem 3-1, these are the same February transactions utilized in that problem.) February's transactions and adjusting entry information are shown below. For each item make the required entry in the General Journal. (See the General Ledger tab in the file Chapter 04 b - Problem 4-1 Forms for the accounts in OPJ's accounting system.) Feb 01 Take $4,000 cash out of Big Bank to pay for February's warehouse rent. Feb 04 Sale of inventory to a customer-selling price $62,000 - cost of inventory sold $16,000 - customer paid cash which was deposited in Big Bank. Feb 07 Take $10,000 cash out of Little Bank to pay employees for wages they have earned. Feb 15 Sale of inventory to a customer - selling price $88,000 - cost of inventory sold $22,000 - customer will pay in the future. Feb 18 Sale of inventory to a customer - selling price $110,000 - cost of inventory sold $28,000 - customer pays $40,000 cash which is deposited in Little Bank - customer will pay for the remaining amount of the sale in 30 days Feb 22 Purchase additional inventory pay $17,000 cash out of Big Bank for the inventory. Feb 27 Take $23,000 cash out of Little Bank to pay employees for wages they have earned. Feb 28 Adjust the Interest Payable-Big Bank account to record the $600 of interest owed to Big Bank for February - Interest will be paid in June. Feb 28 Adjust the Interest Payable-Little Bank account to record the $450 of interest owed to Little Bank for February - interest will be paid in March Requirement 2 Post the entries from the General Journal to the General Ledger accounts. Requlrement 2 Post the entries from the General Journal to the General Ledger accounts. (Problem 4-1 continues on the next page) Chapter 4 - Using Revenue and Expense Accounts SOLID FOOTING 45 Requirement 3 Except for Retained Earnings, compute an ending balance for each General Ledger account. For Retained Earnings, place the current balance in the account. Requirement 4 Prepare a Pre-Closing Trial Balance Requirement 5 Prepare an Income Statement for the period February 1 to February 28, 2021 Requirement 6 Calculate the Retained Earnings balance needed for the February 28 Balance Sheet Requirement 7 Prepare OPJ's Balance Sheet as of February 28, 2021 General Ledger Liabilities Assets Owners' Equity Note Payable Big Bank CA 65,000 Corrimon Stock CI 75,000 Beg Balance Beg Balance Beg Balance Feb 1 Feb 4 Feb 22 Ending Balance Cash Big Bank CI 35,000 4,000 62,000 17,000 76,000 Ending Balance 65,000 Ending Balance 75,000 Note Payable Little Bank CH 60,000 Retained Earnings 0 Beg. Balance Beg Balance Ending Balance 60,000 Current Balance 0 Beg Balance Wages ex Sales Wages Ending Balance Cash Little Bank CI 20,000 10 000 4,000 23,000 27,000 Dr. Beg Balance Interest Payable Big Bank CI 0 600 600 Sales Revenue 0 62,000 88.000 110,000 26,000 Beg Balance Cash Bay Bank Accounts Resvable Cash te Bank Ending Balance CI Ending Balance Accounts Receivable Beg Balance 0 Sales 88,000 Sales 70,000 Ending Balance 158,000 Beg Balance Interest Payable Little Bank Cr 0 450 450 Cost of Goods Dr Sold Cr 0 Beg Balance Ending Balance Dr CI Inventory 85,000 Beg Balance Ending Balance B D G E F Ending Balance H 600 CE Cash Bte Bank Ending Balance 110,000 26,000 Beg Balance Sales Sales Ending Balance Receivable 0 88,000 70,000 158,000 Interest Payable Lite Bank C 0 450 450 Dr. Cost of Goods Sole Cr 0 Beg Balance Beg Balance Ending Balance r Cr Inventory 85,000 Beg Balance Ending Balance Dr. Rent Expense 0 CH Beg Balance Ending Balance Dr Cr Ending Balance Equipment 60,000 Beg Balance Or Wages Expense 0 Cr Ending Balance Beg Balance Ending Balance Dr Interest Expense 0 CI Beg Balance Ending Balance Problem 4-1 - Overpriced Jeans, Inc. Revenue and Expense Accounts Pre-Closing Trial Balance Debit Credit HE B Account Name Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Banke Interest Payable - Little Barik Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Rent Expense Wages Expense Interest Expense Total 0 1 2 3 4 25 26 27 28 Income Statement Expenses *** Net Income