Using the information from your classification, you now have figured out which accounts you will need. Using the information listed below, put the transactions in pro forma by doing the required journal entries, posting, and checking your work with a trial balance using the Journalization Excel template. Date Transaction July 1 July 2 Owner invested $100,000 cash into the business. Purchased equipment on account for $10,000 plus $100 installation. It has a life of 4 years with zero residual value. July 5 Purchased 20 coats at $50 each terms 2/10, n/30. July 9 Paid $200 for the shipping of the coats on July 5th. July 11 Purchased another 10 coats at $60 each term 2/10, n/30. July 15 Paid the rent of $2000. July 15 July 16 July 22 Sold 2 coats to Argus at $500 each, terms 2/10, n/30. At this point remember to do the COGS entry without the dollar value (LIFO). You will compute that amount in the next step of the project. Sold 4 coats to James at $500 each, terms 2/10, n/30. You will compute that amount in the next step of the project. Sold 7 coats to Bob at $500 each, terms 2/10, n/30. You will compute that amount in the next step of the project. Bob returned 1 coat that was damaged and we gave hin credit on his account. Could not be restocked. July 24 July 26 Bob paid his bill within the discount period. July 31 Paid electric bill $100