Abc Corporation was incorporated on December 1, 2019 and had following transactions during December

1 Dec Issued Capital for 5000 cash

3 Dec Paid 1200 cash for three months rent in advance

4 Dec Purchased a used truck for 10,000 on credit

4 Dec Purchased Supplies of 1000 on credit

6 Dec Paid 1800 for a one-year truck insurance policy

7 Dec Billed a customer 4500 for work completed to date

8 Dec Collected 800 for work completed to date

12 Dec Paid the following expense in cash

Advertisement 350

Interest 100

Telephone 75

truck operating 425

Wages 2500

15 Dec Collected 2000 of the amount billed on 7 dec

18 Dec Billed Customer 6500 for work completed to date

19 Dec Signed a 9000 contract for work to be performed in Jan 2017

22 Dec Paid the following Expenses

Advertisement 200

Interest 150

Truck Operating 375

Wages 2500

27 Dec Collected advance on work to be done in January

28 Dec Received a bill for 100 for electricity used during the month

Additional Information The following information relates t0 31 Dec , 2016 One month of the prepaid insurance has expired The December portion of the rent paid is expired A physical count indicates that 350 of supplies is still on hand The amount collected as advance is unearned Three days of wages for Dec 29 30 31 are unpaid: Unpaid amount of 1500 will be included in first wages payment in Jan The truck has an estimated useful life of 4 years Income tax expenses are 500. The amount is to be paid next year.

Required:

Prepare trasaction summary,general journal, entries to ledger account, trial balance,adjusted trial balnce, financial statemment(income statement,owners equity,balance sheet), close temporary accounts and worksheet.

Intructions: should be handwritten or word file depend on you