1-Dec	Began business by depositing $7500 in a bank account in the name of the company in exchange for
			750 shares of $10 per share common stock.
		1-Dec	Paid the rent for the current month, $1150 .
		1-Dec	Paid the premium on a one-year insurance policy, $1080 .
		1-Dec	Purchased Equipment for $4200 cash.
		5-Dec	Purchased office supplies from XYZ Company on account, $300 .
		15-Dec	Provided services to customers for $8000 cash.
		16-Dec	Provided service to customers ABC Inc. on account, $6400 .
		21-Dec	Received $2800 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, $4480 .
		30-Dec	Declared and paid dividend to stockholders $200 .

31-Dec One months insurance has been used by the company $90.

31-Dec The remaining inventory of unused office supplies is $90.

31-Dec The estimated depreciation on equipment is $70.

31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $480

Prepare the adjusted trial balance under the Adjusted Trial Balance tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx" .

Provide the following accounts balances from the Adjusted Trial Balance:

Cash

Accounts Receivable

Supplies

Prepaid Insurance

Equipment

Accumulated Depreciation

Accounts Payable

Wages Payable

Common Stock

Retained Earnings

#8.

Prepare Income Statement, Statement of Stockholders Equity, and Classified Balance Sheet under the Financial Statements tab for the month ended December 31, 20XX in the excel template file "Accounting Cycle Excel Template.xlsx".

Provide the following amount from the Income Statement:

Service Revenue

Depreciation Expense

Wages Expense

Supplies Expense

Rent Expense

Insurance Expense

Net Income

Provide the following account balance from the Statement of Stockholders' Equity:

Dividends

Provide the following account balances from the Balance Sheet:

Current Assets

Long-Term Assets

Total Liabilities

Total Stockholders Equity

Cash

#9.

Record the closing entries under the General Journal tab.

#10.

Post all of the closing entries to the T-accounts under the T-Accounts tab. Compute the balance for each T-account

Provide the ending balance of Cash at December 31 from the T-account

Provide the balance of the Retained Earnings T-account after closing entries have been posted.

Does the ending balance of the Retained Earnings T-account agree with the balance of Retained Earnings on the

Balance sheet?

Check points: Total Assets $ 15,830.00