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can you lable each answer ? first answer ... second answer... .... ,,,,, Transactions for Adam Company for the Year 2018 are presented below. 1/1/2018

can you lable each answer ?
first answer ...
second answer...
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,,,,, image text in transcribed
Transactions for Adam Company for the Year 2018 are presented below. 1/1/2018 Issued ordinary shares in exchange for $99,000 cash 2. 5/2/2018 Purchased land costing $43,200, for 3. 3/3/2018 Performed a services for company x on account for $310,000. 4. 1/4/2018 Received $264,800 for the services performed on 3/3/2018 5. 10/5/2018 Purchased Equipment for $110,000 in cash 6. 15/8/2018 Purchased supplies on account for $10800 7. 14/11/2018 Paid $4800 for a one-year insurance policy 8. 1/12/2018 paid the following expenses in cash: utilities exp 12800 salaries exp 50000:rent exp 131000 First: Journalize each transaction, post and balance to accounts, and then prepare the Unadjusted trial At year end 31/12/2018, the following information are avaiable for you. Insurance expired during the year, $2,000 h. Depreciation on furniture and equipment, 15000 c A count of supplies on December 31, 2018, dAdam Company performed disinfecting services e Salaries of 8000 are unpaid and due. per year indicates that supplies of 5800 are on hand. for a client in December 2018. The client will be billed 3,000 Second: Prepare the necessary adjusting entries and then prepare the trial balance after the adjusting entries. Third: Prepare the Income Statement, Retained Earnings statement, and financial positon statement at Fourth: Prepare the necessary closing entries. Fifth: prepare a post-closing trial balance

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