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1-Dec began business by depositing 3/000 in a bank account in the name of the company in exchange for 700 shares of $10 per share
1-Dec began business by depositing 3/000 in a bank account in the name of the company in exchange for 700 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $600 . 1-Dec Paid the premium on a one-year insurance policy, $720. 1-Dec Purchased Equipment for $4800 cash. 5-Dec Purchased office supplies from XYZ Company on account, $300 . 15-Dec Provided services to customers for $5800 cash. 16-Dec Provided service to customers ABC Inc. on account, $3100 21-Dec Received $1700 cash from ABC Inc., customer on account. 23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 . 28-Dec Paid wages for the period December 1 through December 28, $4760 30-Dec Declared and paid dividend to stockholders $200. #2. Post all of the December transactions from the "General Journal" tab to the T-accounts under the "T-Accounts" tab in the excel temp file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts. #3. Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of Decembe 31. #4. Prepare the unadjusted trial balance under the "Unadjusted Trial Balance" tab in the excel template file "Accounting Cycle Excel Template.xIsx" . Provide the total of the credit column from the Unadjusted Trial Balance
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