7. AutoStar will have a monthly accounting cycle. They have started their business on Jan 1st, 2020 8. The following are some events that happened in January 2020. Add the event and de any adjustments needed by the end of the accounting period. Jan 1. Hasan and Saleh invested 80,000 SAR in cash and 10,000 SAR in Air Compressor, 20,000 SAREngine hoist, and other repair equipment in exchange for ordinary shares in AutoStar. Jan 1. AutoStar haired you (the group members) with a monthly salary of 2,000 SAR each. The salary is to be paid on the first day of each month. Jan 1. AutoStar rented a place that cost 21,000 SAR annually to start the business. The full payment due in Dec 31, 2020 Jan 2. AutoStar incurred some office expenses and sign 3 months note payable in the amount of 10,000 SAR. The note required AutoStar to pay interest at an annual rate of 9% Jan 4. AutoStar paid 12,000 SAR for a one-year insurance policy that will expire Dec 31, 2020 Jan S. AutoStar purchased chairs, desk, and other equipment to decorate the reception that Cost 25,000 SAR from CarAccessories.5.000 SAR was paid in cash and the remaining on account Jan 5. AutoStar signed a 20.000 SAR contract with a snapchat celebrity to cover the opening day that would be held on Thursday Jan 7 AutoStar paid 5,000 SAR down payment to the celebrity on Jan S and agreed to pay the balance due after the advertisement Jan 7. The opening day, the celebrity announced the opening day on his social media accounts, and AutoStar paid the total amount due PNU_CBA uses Page 2 of 3 Not for publication Jan 7. By the end of the day, AutoStar had served customers, create the following sales receipts Mohammed Tires Repairs Tinting Hamad CAR A/C SERVICE All new) Engine Repair Sarah (new) CAR A/C Service + Tinting Abeer (new) Batteries Service Jan 15, AutoStar provided some services for 13.800 SAR to Khalid Hasan's brother) after his car accident, and he agreed to pay the amount due later. The services include Tires Repairs, Engine Repair, Batteries Service, and Body and Paint Repairs services Jan 26. AutoStar received 10,000 SAR from Khalid Jan 30. AutoStar paid BOO SAR Utilities expenses Jan 30. AutoStar board of directors declared and paid 2000 SAR cash dividends to shareholders. Required: 1. Record all the transaction above using QuickBooks 2. Record the adiusting entries Extra adjustment dat appears on Jan 31, 2020 consist of: Depreciation is 1500 SAR 3. Export and submit the following report as one Paffile named it with your company name These reports required upon completing the whole case 7. AutoStar will have a monthly accounting cycle. They have started their business on Jan 1st, 2020 8. The following are some events that happened in January 2020. Add the event and de any adjustments needed by the end of the accounting period. Jan 1. Hasan and Saleh invested 80,000 SAR in cash and 10,000 SAR in Air Compressor, 20,000 SAREngine hoist, and other repair equipment in exchange for ordinary shares in AutoStar. Jan 1. AutoStar haired you (the group members) with a monthly salary of 2,000 SAR each. The salary is to be paid on the first day of each month. Jan 1. AutoStar rented a place that cost 21,000 SAR annually to start the business. The full payment due in Dec 31, 2020 Jan 2. AutoStar incurred some office expenses and sign 3 months note payable in the amount of 10,000 SAR. The note required AutoStar to pay interest at an annual rate of 9% Jan 4. AutoStar paid 12,000 SAR for a one-year insurance policy that will expire Dec 31, 2020 Jan S. AutoStar purchased chairs, desk, and other equipment to decorate the reception that Cost 25,000 SAR from CarAccessories.5.000 SAR was paid in cash and the remaining on account Jan 5. AutoStar signed a 20.000 SAR contract with a snapchat celebrity to cover the opening day that would be held on Thursday Jan 7 AutoStar paid 5,000 SAR down payment to the celebrity on Jan S and agreed to pay the balance due after the advertisement Jan 7. The opening day, the celebrity announced the opening day on his social media accounts, and AutoStar paid the total amount due PNU_CBA uses Page 2 of 3 Not for publication Jan 7. By the end of the day, AutoStar had served customers, create the following sales receipts Mohammed Tires Repairs Tinting Hamad CAR A/C SERVICE All new) Engine Repair Sarah (new) CAR A/C Service + Tinting Abeer (new) Batteries Service Jan 15, AutoStar provided some services for 13.800 SAR to Khalid Hasan's brother) after his car accident, and he agreed to pay the amount due later. The services include Tires Repairs, Engine Repair, Batteries Service, and Body and Paint Repairs services Jan 26. AutoStar received 10,000 SAR from Khalid Jan 30. AutoStar paid BOO SAR Utilities expenses Jan 30. AutoStar board of directors declared and paid 2000 SAR cash dividends to shareholders. Required: 1. Record all the transaction above using QuickBooks 2. Record the adiusting entries Extra adjustment dat appears on Jan 31, 2020 consist of: Depreciation is 1500 SAR 3. Export and submit the following report as one Paffile named it with your company name These reports required upon completing the whole case