1 and 2 are done. Please just do and show 3 and 4.

The unadjusted trial balance of Magazines Plus Corporation showed the following balances at the end of its first 12-month fiscal year ended August 31, 2022: Balance At the end of August 2022, the following additional information is available: a. The company's insurance coverage is provided by a single comprehensive 12-month policy that began on March 1, 2022. b. Supplies on hand total $2,850. c. The building has an estimated useful life of 50 years. d. The furniture has an estimated useful life of ten years. e. The equipment has an estimated useful life of 20 years. f. Interest of $208 on the bank loan for the month of August will be paid on September 1 , when the regular $350 payment is made. g. A review of the unadjusted balance in the unearned commissions revenue account indicates the unearned balance should be $450. h. A review of the unadjusted balance in the subscription revenue account reveals that $2,000 has not been earned. i. Salaries that have been earned by employees in August but are not due to be paid to them until the next payday (in September) amount to $325. Required: (use the accompanying Excel spreadsheets to complete this assignment) 1. Record the unadjusted balances in the general ledger T-accounts. 2. Prepare the adjusting entries. Descriptions are not needed. 3. Post the adjusting entries to the general ledger T-accounts and calculate balances. 4. Prepare an adjusted trial balance on August 31, 2022. 5. Prepare the financial statements. 6. Prepare and post the closing entries. 7. Prepare a post-closing trial balance