1. Prepare journal entries to record the December 2012 transactions. 2. Post those entries to t-accounts. 3. Prepare journal entries for the required adjusting entries. 4. Post the adjusting entries to the t-accounts. 5. Calculate balances for each of the t-accounts and then prepare an adjusted trial balance as of December 31, 2012. 6. Prepare an income statement for the month ended December 31, 2012. 7. Prepare a statement of retained earnings for the month ended December 31, 2012. 8. Prepare a balance sheet as of December 31, 2012. 9. Prepare closing entries and post them to the t-accounts. 10. Prepare a post-closing trial balance as of December 31, 2012. Chart of Accounts: Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Rent Accounts Payable Salaries Payable Unearned Consulting Revenue Common Stock Retained Earnings Dividends Consulting Revenue Advertising Expense Insurance Expense Rent Expense Salary Expense Supplies Expense Utility Expense Transactions: Dec 1. Murray invested $10,000 cash in exchange for all of the common stock in Murray Company. Dec 3. The company paid $3,200 cash for four months