answer both papers please
Recording Transactions in General Journal and posting them to the corresponding Ledger Accounts. Prepare the journal entries for the following transactions in the General Journal. (070) In December 2018, Mary Tone organized a corporation to provide package delivery services. The company, called Tone Deliveries, Inc., began operations immediately. Transactions during the month of December were as follows: Dec. 2 Dec. 4 Dec. 5 Dec. 9 Dec. 15 The corporation issued 40,000 shares of capital stock to Mary Tone in exchange for $80,000 cash. Purchased a truck for $45,000. Made a $15,000 cash down payment and issued a note payable for the remaining balance. Paid Sloan Properties $2,500 to rent office space for five months. Billed customers $11,300 for services for the first half of December Paid $7,100 in salaries earned by employees during the first half of December Collected $3,800 of the amounts billed to customers on December 9. Received $34,400 from customers for services to be performed in the future. Recorded $7,500 in salaries earned by employees during the second half of the month. Purchased fuel for $250 which will last for several months. Dec.20 Dec.26 Dec.29 Dec.30 www.euruni.edu II. Post the above transactions to the Ledger accounts (T accounts) (20 %) III. Adjusting Entries (30%) and posting on T accounts (14%) Given the following information, and related to the previous entries above, prepare the adjusung entries and post to Ledger accounts. 1. Fees earned as of December 31, 2018 and not yet recorded, amount to $51.500. 2. Records show that $12.500 of cash receipts originally recorded as Unearned Revenue nad been earned as of December 31. 3. Make the necessary adjustments on the prepaid 4. Fuel consumed during December amounts to $125. 5. The company uses de straight-line method of depreciation. The truck has a useful life of 8 years. Cash Accounts Receivable Truck Notes Payable Accounts Payable Dividends Payable Unearned Revenue Retained Earnings Dividends Service Revenue Maintenance Expense Fuel Expense Salaries Expense CapitalStock Rent Expense