A) Enter all necessery Journal Entries that occured during the year. B) Then prepare the adjusting entries, closing entries, financials, worksheet & T accounts. 1) In January, Initial stock issuance: 2) Bought Equipment for $ 28000, 10 years life, $8000 residual value 3) November, paid total utility bills: $280,000 $28,000 $8,000 $4,500 4) In January, paid in advance rent for the two years: $18,000 5) In February, received prepayment from a customer for service to be provided: 6) Dec. 31st 2014, unearned revenue balance $97,000 $2,000 7) In December, Dividend declared: $16,000 During the Year JE's Account Name Adjusting Entries Dec. 31st 2014 Debit Credit