1.Journalize the following transactions for FastForward Company in the journal below

a.March 1.FastForward provides consulting services to a client and sends a bill for $12,000

b.March 9.FastForward purchases $2,000 of supplies on credit from a supplier, OfficeMax

c.March 15.Payment is made in full to OfficeMax for the purchase on March 9

d.March 20.FastForward pays $4,000 cash for employee salary

e.March 31.FastForward accepts $10,000 cash in advance for services to be provided over next 12 months

2.It is December 31, 2015.Record the following adjusting entries for FastForward in the journal below

a.A one-year insurance policy was purchased on December 1 for $3,600.Record the adjusting entry to book insurance expense for the month.

b.On December 31, the balance in the Supplies account (before adjustment) is $4,000.A physical count shows $800 worth of supplies on hand.Record the adjusting entry for supplies.

c.On March 31, FastForward received $15,000 in advance for work to be completed during the next 12 months.As of December 31, $5,000 of the work is yet to be completed.Record the adjusting entry for service revenue.

d.FastForward pays $1,000 for a five-day workweek.Employees are paid each Friday.Record the adjusting entry on December 31 assuming the year ends on Thursday.

e.At the end of the year, $2,000 of revenue has been earned but not yet billed to clients.Journalize the adjusting entry for unrecorded revenue.

3.Adjusted trial balance of FastForward is shown below.

FastForward

Adjusted Trial Balance

December 31, 2015

Acct #

Account Title

Debit

Credit

101

Cash

14,200

106

Accounts receivable

1,500

126

Supplies

3,500

128

Prepaid insurance

2,000

201

Accounts payable

1,500

209

Salaries payable

1,000

236

Unearned consulting revenue

610

307

Common stock

11,000

318

Retained earnings

0

319

Dividends

500

403

Consulting revenue

13,500

406

Rental revenue

1,300

622

Salaries expense

3,000

640

Rent expense

1,800

652

Supplies expense

2,410

Totals

28,910

28,910

4 Journalize closing entries

Date

Account

Debit

Credit

Please help me solve these problems. I have tried multiple times and I don't understand. Thank you!