Belgium Corp. presented the following post-closing trial balance on December 31, 2023: Cash, $19,000; Supplies, $8,700; Land, $67,000; Deferred Revenue, $5,700; Common Stock $57,000; and Retained Earnings, $32,000. The transactions that follow occurred during the 2024 calendar year:

1. February 15	Issue additional shares of common stock, $27,000.
2. May 20	Provide services to customers for cash, $42,000, and on account, $37,000.
3. August 31	Pay salaries to employees for work in 2024, $30,000.
4. October 1	Purchase rental space for one year from Armenia Corp, $19,000.
5. November 17	Purchase supplies on account from Bolivia Company, $29,000.
6. December 30	Pay dividends, $2,700.

The following information is available on December 31, 2024:

Employees are owed an additional $4,700 in salaries.

Three months of the rental space have expired.

Supplies of $5,700 remain on hand. All other supplies have been used.

All of the services associated with the beginning deferred revenue have been performed.

1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.

2. Record the adjusting entries in the 'General Journal' tab.

3. Review the adjusted 'Trial Balance' as of December 31, 2024.

4. Prepare an income statement for the year ended December 31, 2024, in the 'Income Statement' tab.

5. Prepare the statement of Stockholder's Equity for the year ended December 31, 2024, in the 'Income Statement' tab.

6. Prepare a classified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab.

7. Record the closing entries in the 'General Journal' tab.