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Data table Data table nto two parts: office space and warehouse space. All expenses associated with the office \begin{tabular}{l|l|l} \hline \end{tabular} More info More info More info Requirements 1. Open general ledger T-accounts and enter opening balances as of September 30 , 2024 2. Open inventory records for the three inventory items and enter opening balances as of September 30,2024 . Complete the inventory records using the following transactions: Oct. 1,12,15,28; Nov. 1,5,15,18, and Dec. 27 3. Record the transactions in the general journal 4. Post transactions to the general ledger. 5. Prepare adjusting entries for the year ended December 31, 2024, and post to the ledger: a. Depreciation, $45,500(70% selling, 30\% administrative) b. Supplies on hand office, $10; warehouse, $460 c. A physical inventory account resulted in the following counts: desk lamps, 980 , table lamps, 5,892, and floor lamps, 9,100. Update the inventory records. 6. Prepare an adjusted trial balance. 7. Provide a summary for the month, in both units and dollars, of the change in inventory for each item in the following format: (Click the icon to view the format) Does the sum of the ending balances in the inventory records match the balance in Merchandise Inventory in the general ledger? If not, review the transactions to find your error 8. Prepare Rogers Lamp Company's multi-step income statement and statement of retained earnings for the year ended December 31, 2024, and a classified balance 3. Record the transactions in the general journal. 4. Post transactions to the general ledger. 5. Prepare adjusting entries for the year ended December 31,2024 , and post to the ledger: a. Depreciation, $45,500 ( 70% selling, 30\% administrative). b. Supplies on hand: office, $10; warehouse, $460. c. A physical inventory account resulted in the following counts: desk lamps, 980 ; table lamps, 5,892 ; and floor lamps, 9,100 . Update the inventory records. 6. Prepare an adjusted trial balance. 7. Provide a summary for the month, in both units and dollars, of the change in inventory for each item in the following format: (Click the icon to view the format.) Does the sum of the ending balances in the inventory records match the balance in Merchandise Inventory in the general ledger? If not, review the transactions to find your error. 8. Prepare Rogers Lamp Company's multi-step income statement and statement of retained earnings for the year ended December 31,2024 , and a classified balance sheet as of December 31,2024. 9. Calculate the following ratios for RLC as of December 31, 2024: gross profit percentage, inventory turnover, and days' sales in inventory. 10. Record and post the closing entries. 11. Prepare a post-closing trial balance. 3. Record the transactions in the general joumal. 4. Post transactions to the general ledger 5. Prepare adjusting entries for the year ended December 31, 2024, and post to the istiger Data table The Rogers Lamp Company (RLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and floor lamps. RLC uses a perpetual inventory system, FIFO method. RLC owns land with a building, which is separated into two parts: office space and warehouse space. All expenses associated with the office are categorized as Administrative Expenses. All expenses associated with the warehouse, which is used for the shipping and receiving functions of the company, are categorized as Selling Expenses. In addition to the land and building, RLC also owns office furniture and equipment and warehouse fixtures. The company uses one accumulated depreciation account for all the depreciable assets. Data table Data table nto two parts: office space and warehouse space. All expenses associated with the office \begin{tabular}{l|l|l} \hline \end{tabular} More info More info More info Requirements 1. Open general ledger T-accounts and enter opening balances as of September 30 , 2024 2. Open inventory records for the three inventory items and enter opening balances as of September 30,2024 . Complete the inventory records using the following transactions: Oct. 1,12,15,28; Nov. 1,5,15,18, and Dec. 27 3. Record the transactions in the general journal 4. Post transactions to the general ledger. 5. Prepare adjusting entries for the year ended December 31, 2024, and post to the ledger: a. Depreciation, $45,500(70% selling, 30\% administrative) b. Supplies on hand office, $10; warehouse, $460 c. A physical inventory account resulted in the following counts: desk lamps, 980 , table lamps, 5,892, and floor lamps, 9,100. Update the inventory records. 6. Prepare an adjusted trial balance. 7. Provide a summary for the month, in both units and dollars, of the change in inventory for each item in the following format: (Click the icon to view the format) Does the sum of the ending balances in the inventory records match the balance in Merchandise Inventory in the general ledger? If not, review the transactions to find your error 8. Prepare Rogers Lamp Company's multi-step income statement and statement of retained earnings for the year ended December 31, 2024, and a classified balance 3. Record the transactions in the general journal. 4. Post transactions to the general ledger. 5. Prepare adjusting entries for the year ended December 31,2024 , and post to the ledger: a. Depreciation, $45,500 ( 70% selling, 30\% administrative). b. Supplies on hand: office, $10; warehouse, $460. c. A physical inventory account resulted in the following counts: desk lamps, 980 ; table lamps, 5,892 ; and floor lamps, 9,100 . Update the inventory records. 6. Prepare an adjusted trial balance. 7. Provide a summary for the month, in both units and dollars, of the change in inventory for each item in the following format: (Click the icon to view the format.) Does the sum of the ending balances in the inventory records match the balance in Merchandise Inventory in the general ledger? If not, review the transactions to find your error. 8. Prepare Rogers Lamp Company's multi-step income statement and statement of retained earnings for the year ended December 31,2024 , and a classified balance sheet as of December 31,2024. 9. Calculate the following ratios for RLC as of December 31, 2024: gross profit percentage, inventory turnover, and days' sales in inventory. 10. Record and post the closing entries. 11. Prepare a post-closing trial balance. 3. Record the transactions in the general joumal. 4. Post transactions to the general ledger 5. Prepare adjusting entries for the year ended December 31, 2024, and post to the istiger Data table The Rogers Lamp Company (RLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and floor lamps. RLC uses a perpetual inventory system, FIFO method. RLC owns land with a building, which is separated into two parts: office space and warehouse space. All expenses associated with the office are categorized as Administrative Expenses. All expenses associated with the warehouse, which is used for the shipping and receiving functions of the company, are categorized as Selling Expenses. In addition to the land and building, RLC also owns office furniture and equipment and warehouse fixtures. The company uses one accumulated depreciation account for all the depreciable assets