ACCOUNTING CYCLE CHAPTER 4 PROBLEM Elijah Pean John's House Painting Company started a business on December 1, 2022. He had has the following transactions for December 2022. 1. December 1 - Issued common stock for $100,000 to start a house painting business. 2. December 1 - Paid gas expense $200. 3. December 1 - Paid for 2 month's rent $800. 4. December 1 - Purchased equipment costing $4,800 on credit. 5. December 12 - Purchased supplies costing $800 on credit. 6. December 18 - Painted three houses totaling $12,000 and billed customers. December 28 - Received $2,000 for houses painted in #6. 7. 8. December 31 - Received $1,200 for a job to paint a house in January next year. 9. December 31 - Paid a dividend of $1,000. Required: 1. Prepare journal entries for the above transactions. 2. Post the above transactions to T Accounts and summarize. 3. Prepare an unadjusted trial balance as of December 31, 2022. 4. Prepare and record the following adjusting entries: Equipment has a life of 4 years. Record 1 month depr