Item Cash Accounts Receivable Land Accounts Payable Notes Payable Capital Share Revenues Advertising Expenses Utilities Expenses Debits Credits 26,300 3,200 15,000 5500 10,000 25,000 12,000 2000 1000 47500 47500 In 20x1, following transactions incurred. 1) Credit sales of 13,000. 2) Cash sales of 5000. 3) Paid up the Accounts Payable of 500 Please complete the Trial Balan December 20X1 by inputting appropriate figures at (1), (2),13), (4).651. (3 marks each)

background info: Green checkmark means that entry is correct, red is wrong. There is only supposed to be a total of 19 entries. look at 1 picture with the complete journal and adjust to fit the allowance method to go into the second table with green and red corrections.  The first entry....you are removing the account so you have to remove the allowance and related receivable (2 parts) The second entry...you want to record the cash received, the removal of the allowance and related receivable (3 parts) The third entry...recording a credit sales (2 parts) The fourth entry...setting up receivable and the allowance (2 parts) The fifth entry...record collection of a previously recorded credit sale (2 parts) The sixth entry...record collection of a previously recorded credit sale (2 parts) The seventh entry...adjusting the allowance by reducing the allowance and reducing 5 customer receivable accounts (6 parts) 1. Finalize the journal entries shown on the Fan-Tastic Sports Gear Inc. panel…

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Paid interest expense on Note recorded previously (above). Select the account(s) that would be debited and credited when recording the above transaction. If a second debit or credit does not apply, select "None" as a match. Debit Debit Credit Credit Interest Expense Interest Payable Interest Payable Cash