1. Using the information provided below, prepare the necessary journal entries for the last 6 months of FY 2020 (submit a copy of your journal entries).
2. Using the journal entries for both the first 6 months (Accounting Project Part 1) and the last 6 months (journal entries below) prepare and submit a copy of the trial balance as of December 31, 2020.
3. Post all journal entries to the appropriate T Account. Include a copy of the following T Accounts in your homework submission (T Accounts should reflect the full year of activity all 12 months).
   1. Sales account
   2. COGS account
   3. Cash account
   4. Accounts Receivable account
   5. Inventory account
   6. Accounts payable account

July 14, 2020 Received customer payment of $63,000. July 16, 2020 Paid $15,000 to suppliers for previous purchases of inventory. July 31, 2020 Paid monthly (July) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 August 2, 2020 Sold $42,000 of product on account to Stamp Pizza. Cost of the product sold was $25,000. Aug. 15, 2020 Sold equipment with a cost basis of $5,650 for $3,500 cash. Total accumlated depreciation on this asset is $1,700. August 28, 2020 Purchased $30,000 inventory on account. Aug. 30, 2020 Paid monthly (August) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 Sept. 26, 2020 Sold $33,000 of product on account to MN Pizza. Cost of the product sold was $17,000. Sept. 27, 2020 Paid sales commission of $13,800 due to sales staff. Sept. 30, 2020 Paid monthly (September) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 October 10, 2020 Received customer payment of $30,000. Note: After $30,000 payment the customer still owes $3,000 Oct. 22, 2020 Purchased $60,000 inventory on account. Oct. 31, 2020 Paid monthly (October) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 Nov. 12, 2020 Sold $41,000 of product to the Ontario Pie. Cost of the product sold was $19,000. Nov. 15, 2020 Paid sales commission of $16,000 due to sales staff. Nov. 30, 2020 Paid monthly (November) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 Dec. 5, 2020 Paid $15,000 to suppliers for previous purchases of inventory. Dec. 10, 2020 Paid sales commission o $19,000 due to sales staff. Dec. 12, 2020 Paid for various supplies etc. (company policy to expense as incurred). Selling supplies are $1,500 and Administrative supplies are $1,695. Dec 31, 2020 Paid monthly (December) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 July 14, 2020 Received customer payment of $63,000. July 16, 2020 Paid $15,000 to suppliers for previous purchases of inventory. July 31, 2020 Paid monthly (July) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 August 2, 2020 Sold $42,000 of product on account to Stamp Pizza. Cost of the product sold was $25,000. Aug. 15, 2020 Sold equipment with a cost basis of $5,650 for $3,500 cash. Total accumlated depreciation on this asset is $1,700. August 28, 2020 Purchased $30,000 inventory on account. Aug. 30, 2020 Paid monthly (August) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 Sept. 26, 2020 Sold $33,000 of product on account to MN Pizza. Cost of the product sold was $17,000. Sept. 27, 2020 Paid sales commission of $13,800 due to sales staff. Sept. 30, 2020 Paid monthly (September) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 October 10, 2020 Received customer payment of $30,000. Note: After $30,000 payment the customer still owes $3,000 Oct. 22, 2020 Purchased $60,000 inventory on account. Oct. 31, 2020 Paid monthly (October) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 Nov. 12, 2020 Sold $41,000 of product to the Ontario Pie. Cost of the product sold was $19,000. Nov. 15, 2020 Paid sales commission of $16,000 due to sales staff. Nov. 30, 2020 Paid monthly (November) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000 Dec. 5, 2020 Paid $15,000 to suppliers for previous purchases of inventory. Dec. 10, 2020 Paid sales commission o $19,000 due to sales staff. Dec. 12, 2020 Paid for various supplies etc. (company policy to expense as incurred). Selling supplies are $1,500 and Administrative supplies are $1,695. Dec 31, 2020 Paid monthly (December) salaries to sale and administrative staff. Selling staff was paid $4,500 and Administrative staff was paid $5,000