1. Presented below is the Trial Balance for Woolworths on December 31, 2019. Woolworths Trial Balance December 31, 2019 ++ SL Account Title 1. Cash 2. Accounts Receivable 3. Prepaid Rent 45678 4. Supplies 5. Equipment 6. 7. Accounts Payable 8. Notes Payable 9. Unearned Revenue Accumulated Depreciation-Equipment Debit($) Credit($) 4000 5600 4200 2400 36000 2600 2400 15000 8920 10. Insurance Payable 4000 11. Owner's Capital 16080 12. Owner's Drawings 6400 13. Sales Revenue 46000 14. Rent Expense 1000 15. Salaries and Wages Expense 7720 16. Cost of Goods Sold 15000 17. Sales Discount 4000 18. Casualty from Vandalism 1200 19. Patents 4300 20. Investment in Real Estate 2180 21. Land 5000 22. Long Term Loan 4000 Total 99000 99000 Additional Information: 1. Woolworths sold goods to a client in December 2019. The client will be billed $800. 2. Prepaid rent is a 6 months policy starting December 1, 2019. 3. $1100 of supplies has been used during the month. 4. Depreciation on equipment is $500 per month. 5. December 31 is a Thursday, and employees are paid on Sundays. Woolworths has three employees, who are paid $1800 each for a six day work week. (Tuesday is their day off). 6. Woolworths borrowed $15,000 by signing a 20%, one-year note on December 1, 2019. 7. $1000 of the balance in the unearned revenue account remains unearned at the end of the month. Instructions: a. Prepare in journal form, the adjusting entries for the seven transactions listed for Woolworths. (14) b. Post the adjusting entries to the T- Accounts. (7) c. Prepare an adjusted trial balance on December 31, 2019. (7) d. Prepare a multiple-step income statement for the month ending December 31, 2019. (7) e. Prepare the classified balance sheet on December 31, 2019. (7)