Your Intermediate Accounting I Course Project will entail completing the accounting cycle for a small auto supply company. The transactions that you will focus on will relate to several of the topics and transaction cycles that you will focus on in this course. Course Project TemplateLinks to an external site. The scenario of this Course Project is the following. You've just secured a new client in your accounting practice, Peter's Auto Supply Corporation (PASC), a brand-new small business specializing in providing auto supplies to car repair shops. The owner, Peter Peck, is a terrific auto mechanic, but definitely not an accountant. Your job is to help Peter put his affairs in order. Luckily, Peter has only been in operation for a month and things have not gotten too out of hand yet! Peter has to submit his financial statements to his investors and doesn't know where to begin. It's your job to go through the complete accounting cycle to prepare the financial statements for PASC. In this project, you will need to complete the following steps for PASC. Prepare the Journal Entries in the General Journal Post Journal Entries to the General Ledger Prepare a Trial Balance Prepare the Adjusting Entries Post Adjusting Entries to the General Ledger Prepare an Adjusted Trial Balance Prepare the Financial Statements Prepare the Closing Entries Post Closing Entries to the General Ledger Prepare the Post Closing Trial Balance The project is not due until the end of Week 4; however, it is always good to get a head start. The topics covered in Week 1 should nicely prepare you to complete this project. The grading rubric is also included on the last tab of the template