Financial Statement Project. In this project we will go through the 9 steps of the Accounting Cycle. Step 1: Journalize the following transactions: 1. We issued bonds for $900,000 at a 5% interest rate. 2. We issued stock for $300,000 in cash 3. We purchased equipment for $250,000 4. We purchased computers for $25,000 5. We bought a building for $400,000 6. We considered and investment of $30,000 in another company. 7. Our Sales for the year were $800,000, with $60,000 still in Accounts Receivable at the end of the year 8. Our Cost of Goods Sold were $520,000 9. Our Operating Expenses were $350,000 Step 2: Post all Transactions Step 3: Create the Unadjusted Trial Balance Step 4: Journal the following Adjusting Entries Below: 1. Interest on the Bond 2. Depreciate Equipment using straight line depreciation: There is a 10-year useful life with S0 salvage value. (Assume purchase January 1") 3. Depreciate Computers using double declining depreciation. There is a 5 year useful life with S0 salvage value. (Assume purchase January 1") 4. Depreciate Building using straight line depreciation with a $5,000 salvage value and a 15 year useful life. Step 5: Post the Adjusting Entries above Step 6: Create the Adjusted Trial Balance Step 7: Create the 4 Financial Statements Step 8: Journal and Post the Closing Entries Step 9: Create the Post Closing Trial Balance