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Alex and Hagi decided to open a home cleaning service company, H@L .,. The following information is a partial list of transactions from H@L Inc.

Alex and Hagi decided to open a home cleaning service company, H@L .,. The following information is a partial list of transactions from H@L Inc. January 1- Alex and Hagi each donated $ 25.000 in exchange for common stock to start the business. March 3- H@L Inc., paid $ 3.000 cash for a two-year insurance policy that was effective immediately. March 15-The Company purchased $8.000 of supplies on account. April 5- The Company purchased some cleaning equipment for $10.000 cash. The equipment should last for five years with no residual value. H@L company will take a full year of depreciation in 2020. May 1-H@L Inc., purchased a years worth of advertising in a local newspaper for $ 1.200 cash. September 1- The Company obtained a nine-month loan for $ 15.000 at 5% from Do Not Trust Bank, with interest and principal payable on June 2021. December 31- The Company paid $ 5.000 of accounts payable owed from transaction 3. December 31- The Company earned service revenues of $ 26.225, of which $23.225 were on account. Note The company had $2.000 of the supplies still on hand at the end of the year. Requirements: 1- Give the journal entries for the transactions: include any adjusting entries. 2- Post the journal entries to T accounts, prepare an adjusted trial balance at December 31, 2020. 3- Prepare the income statement, and the balance sheet at December 31, 2020. Then, prepare the closing entries.

prof please put the solution in the following tables step by step . thank you

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DR CR HL Co. (Unad usted Trial Balance December 31, 2020 Net Amount Debit Debit Credit Amount Account Name Credit TOTAL ADJUSTMENTS DR GR HL. CO(Adjusted Trial Balance December 31, 2020 Amount Net Amount Debit Credit Account Name Debit Credit TOTAL HOL Corporation Income Statement For the Year Ended December 31, 2020 -Gross Sales 3- Sales Deductions (el C-Net Sales D-Cost of Goods Service Sold Gross Profit or loss E-Operating Expensel Operating profit or Loss F-Income and Profit From Other Operations G-Expenses and Loss From Other Operations H-Financial Expenses Income or Loss For the Period Net Profit or Loss For the Period H@L Corporation Balance Sheet At December 31, 2020 Assets |-Current Assets II-Noncurrent Assets Total Assets Liabilities and Shareholders' Equity III-Short Term Liabilities IV-Lona Term Liabilities V-Shareholders' Equity Total Liabilities and Shareholders' Equity

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