Please see assignment attached. Accounting questions 1-7Plea

Please see assignment attached. Accounting questions 1-7Please complete the assignment in Word format. Please answer questions in red font.Question1 (20 points) The following is the Bravo Unlimited adjusted Trail Balance.Alpha Dog CompanyAdjusted Trial BalanceDecember 31, 2016Account TitleDebitCreditCash$88,450 Accounts Receivable150,000 Supplies29,255 Stock Investment172,000Equipment295,285 Accumulated Depreciation$238,760 Accounts Payable78,555 Wages Payable15,000Capital Stock220,000 Retained Earnings111,145 Service Revenue895,105 Interest Income1,500 Rent Expense64,500 Wages Expense542,260 Supplies Expense42,520  Depreciation Expense167,095  Dividends8,700 _________ Totals$1,560,065 $1,560,065 Prepare only the Asset section of the Classified BalanceSheet for the year end. Be sure to use a good format, dollar signs and singleunderlines were required. There are a few extra lines in the formatted inputanswer form to allow for acceptable balance sheet format variations.  Question 1 options:Skip Toolbars for .More Insert actions.More Text actions.More Paragraph Style actions.IS- 1Question 2 (20 points) The following is a partial Adjusted Trial Balance for AlphaCompany for the month:AlphaCompanyAdjustedTrial Balance (partial)January31, 2016AccountsDebitCreditInventory$2,750Sales$10,000SalesDiscounts200SalesReturns & Allowances1,200Purchases4,000PurchasesDiscounts150PurchaseReturns & Allowances450FreightIn50AdvertisingExpense150DepreciationExpense130FreightOut70IncomeTax Expense500SalariesExpense500UtilitiesExpense100Additionally, Inventory for December 31, 2015 was $2,500.Prepare a partial multiple-step income statement that includes the Sales, Costof Goods Sold sections & gross profit.Question 2 options:Skip Toolbars for .More Insert actions.More Text actions.More Paragraph Style actions.GJ- 1Question 3 (32 points) Alpha Company uses the periodic inventory system forpurchase & sales of merchandise. Discount terms for both purchases &sales are, 2/10, n30 and the gross method is used. Unless otherwise noted, FOBDestination will apply to all purchases & sales. The value of inventory isbased on periodic system. On January 1, 2016, beginning inventory consisted of325 units of widgets costing $10 each. Alpha prepares monthly incomestatements. The following events occurred during the month of Jan.:  DateActivitya.Jan.3Purchased on account 350 widgetsfor $11 each.  b.Jan.5Sold on account 425 widgets for$30 each. Paid freight out with petty cash of $150.c.Jan.10Purchased on account 600 widgetsfor $12 each. d.Jan.11Shipping cost for the January 10purchased merchandise was $400 was paid with a cheque by Alpha directly tothe freight company.  e.Jan.12Returned 25 widgets received fromJan. 10 purchase as they were not the correct item ordered. f.Jan.13Paid for the purchases made onJan. 3. g.Jan.21Sold on account 550 widgets for$30 each. Paid freight out with petty cash of $250.h.Jan.22Authorize credit without return ofgoods for 50 widgets sold on Jan. 21 when customer advised that they werereceived in defective condition. i.Jan.25Received payment for the sale madeon Jan. 5.j.Jan.26Paid for the purchases made onJan. 10.k.Jan.31Received payment for the sale madeon Jan. 21.Use this information to prepare the General Journal entries(without explanation) for the January events. If no entry is required thenenter the date and write ‘No Entry Required.’Question 3 options:Skip Toolbars for .More Insert actions.More Text actions.More Paragraph Style actions.FIB- 1Question 4 (10 points) The following is the Bravo Unlimited adjusted Trail Balance.Bravo UnlimitedAdjusted Trial BalanceDecember 31, 2016Account TitleDebitCreditCash$88,450 Accounts Receivable330,000 Supplies9,255 Prepaid Rent12,000 Equipment295,285 Accumulated Depreciation$238,760 Accounts Payable78,555 Wages Payable15,000Capital Stock220,000 Retained Earnings111,145 Service Revenue895,105 Interest Income1,500 Rent Expense64,500 Wages Expense542,260 Supplies Expense42,520  Depreciation Expense167,095  Dividends8,700 _________ Totals$1,560,065 $1,560,065 What are the dollar values that will appear in BravoUnlimited year end financial statements for the following line items: (For anyNet Loss the dollar value must be enclosed in brackets and do not use a minussign.)1. Total Current Assets2. Total Quick Assets3. Total Current Liabilities4. Net Income or (Net Loss)5. Retain EarningsQuestion 4 options:FIB- 2Question 5 (6 points) Alpha Company uses the periodic inventory system forpurchase & sales of merchandise. Discount terms for both purchases &sales are, 2/10, n30 and the gross method is used. Unless otherwise noted, FOBDestination will apply to all purchases & sales. The value of inventory isbased on periodic system. On January 1, 2016, beginning inventory consisted of325 units of widgets costing $10 each. Alpha prepares monthly incomestatements. The following events occurred during the month of Jan.:  DateActivitya.Jan.3Purchased on account 350 widgetsfor $11 each.  b.Jan.5Sold on account 425 widgets for$30 each. Paid freight out with petty cash of $150.c.Jan.10Purchased on account 600 widgetsfor $12 each. d.Jan.11Shipping cost for the January 10purchased merchandise was $400 was paid with a cheque by Alpha directly tothe freight company.  e.Jan.12Returned 25 widgets received fromJan. 10 purchase as they were not the correct item ordered. f.Jan.13Paid for the purchases made onJan. 3. g.Jan.21Sold on account 550 widgets for$30 each. Paid freight out with petty cash of $250.h.Jan.22Authorize credit without return ofgoods for 50 widgets sold on Jan. 21 when customer advised that they werereceived in defective condition. i.Jan.25Received payment for the sale madeon Jan. 5.j.Jan.26Paid for the purchases made onJan. 10.k.Jan.31Received payment for the sale madeon Jan. 21.Using the LIFO method, determine the dollar values followingfor the month of January:1. Ending Inventory2. Cost of Goods Available for Sale3. Cost of Goods SoldQuestion 5 options:FIB- 3Question 6 (6 points) Alpha Company uses the periodic inventory system forpurchase & sales of merchandise. Discount terms for both purchases &sales are, 2/10, n30 and the gross method is used. Unless otherwise noted, FOBDestination will apply to all purchases & sales. The value of inventory isbased on periodic system. On January 1, 2016, beginning inventory consisted of400 units of widgets costing $10 each. Alpha prepares monthly incomestatements. The following events occurred during the month of Jan.:  DateActivitya.Jan.3Purchased on account 350 widgetsfor $11 each.  b.Jan.5Sold on account 500 widgets for$30 each. Paid freight out with petty cash of $150.c.Jan.10Purchased on account 650 widgetsfor $12 each. d.Jan.11Shipping cost for the January 10purchased merchandise was $400 was paid with a cheque by Alpha directly tothe freight company.  e.Jan.12Returned 50 widgets received fromJan. 10 purchase as they were not the correct item ordered. f.Jan.13Paid for the purchases made onJan. 3. g.Jan.21Sold on account 550 widgets for$30 each. Paid freight out with petty cash of $250.h.Jan.22Authorize credit without return ofgoods for 50 widgets sold on Jan. 21 when customer advised that they werereceived in defective condition. i.Jan.25Received payment for the sale madeon Jan. 5.j.Jan.26Paid for the purchases made onJan. 10.k.Jan.31Received payment for the sale madeon Jan. 21.Using the FIFO method, determine the dollar values followingfor the month of January:1. Ending Inventory2. Cost of Goods Available for Sale3. Cost of Goods SoldQuestion 6 options:FIB- 4Question 7 (6 points) Alpha Company uses the periodic inventory system forpurchase & sales of merchandise. Discount terms for both purchases &sales are, 2/10, n30 and the gross method is used. Unless otherwise noted, FOBDestination will apply to all purchases & sales. The value of inventory isbased on periodic system. On January 1, 2016, beginning inventory consisted of400 units of widgets costing $10 each. Alpha prepares monthly incomestatements. The following events occurred during the month of Jan.:  DateActivitya.Jan.3Purchased on account 350 widgetsfor $11 each.  b.Jan.5Sold on account 500 widgets for$30 each. Paid freight out with petty cash of $150.c.Jan.10Purchased on account 650 widgetsfor $12 each. d.Jan.11Shipping cost for the January 10purchased merchandise was $400 was paid with a cheque by Alpha directly tothe freight company.  e.Jan.12Returned 50 widgets received fromJan. 10 purchase as they were not the correct item ordered. f.Jan.13Paid for the purchases made onJan. 3. g.Jan.21Sold on account 550 widgets for$30 each. Paid freight out with petty cash of $250.h.Jan.22Authorize credit without return ofgoods for 50 widgets sold on Jan. 21 when customer advised that they werereceived in defective condition. i.Jan.25Received payment for the sale madeon Jan. 5.j.Jan.26Paid for the purchases made onJan. 10.k.Jan.31Received payment for the sale madeon Jan. 21.Using the Weighted Average method, determine the dollarvalues following for the month of January: (Enter only whole dollar values.)1. Ending Inventory2. Cost of Goods Available for Sale3. Cost of Goods SoldQuestion 7 options:

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