Please Help With Accounting Exercise E7-5 enclosed in image is exercise please complete on Microsoft Excel. Thank You.

2. For each of the items not mnem item Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). E7-3 FASB codification Required: Determine the specific citation for accounting for each of the following items: research 1. Accounts receivables from related parties should be shown separately from trade receivables . LO7-2, L07-6, LO7-7 2. The definition of cash equivalents 3. The requirement to value notes exchanged for cash at the cash proceeds CODE 4. The two conditions that must be met to accrue a loss on an accounts receivable E7-4 Parker Inc. has the following cash balances: Bank overdrafts . LO7-2, LO7-10 First Bank $150,000 Second Bank (10,000) IFRS Third Bank 25,000 Fourth Bank (5,000) Required: 1. Prepare the current assets and current liabilities section of Parker's 2018 balance sheet, assuming Parker reports under U.S. GAAP. reports under IFRS. 2. Prepare the current assets and current liabilities section of Parker's 2018 balance sheet, assuming Parker E7-5 Trade and cash Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2015 discounts; the 2/10. n/30. gross method and The units have a list price of $600 each, but Thomas was given a 30% trade discount. The terms of the sale wer the net method Required: compared . LO7-3 1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2018, assuming that the gross method of accounting for cash discounts is used. 2. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2018, assuming that the gross method of accounting for cash discounts is used. 3. Repeat requirements I and 2 assuming that the net method of accounting for cash discounts is used