Cash Accounts Receivable Supplies Prepaid Insurance Equipment Land Accumulated Depreciation Accounts Payable Deferred Revenue Salaries Payable 1-Dec Issue common stock in exchange for cash of $8,000. 1-Dec Paid the premium in advance on a one-year insurance policy, $960. 1-Dec Purchased Equipment for $4,200 cash. 5-Dec Purchased office supplies from XYZ Company on account, $400. 15-Dec Provided services to customers for $6,200 cash. 16-Dec Provided services to customer ABC Inc. on account, $3,700. 17-Dec 22-Dec 23-Dec 25-Dec 28-Dec 29-Dec 30-Dec Notes Payable Common Stock Retained Earnings Dividends Service Revenue Received $1,200 cash in advance from a customer for services to be provided in January. Paid $230 to XYZ company for the Dec 5 purchase on account. Received $1,900 cash from customer, ABC Inc., on account. Paid the rent for the current month, $700. Paid salaries to employees for work performed from December 1 through December 28, $4,200. Declared and paid dividends to stockholders $400. Purchased land by signing 3 year note payable for $9,000. Depreciation Expense Salaries Expense Supplies Expense Rent Expense Insurance Expense

CashAccountsReceivableSuppliesPrepaidInsuranceEquipmentLandAccumulatedDepreciationAccountsPayableDeferredRevenueSalariesPayableNotesPayableCommonStockRetainedEarningsDividendsServiceRevenueDepreciationExpenseSalariesExpenseSuppliesExpenseRentExpenseInsuranceExpense 1-Dec Issue common stock in exchange for cash of $8,000. 1-Dec Paid the premium in advance on a one-year insurance policy, $960. 1-Dec Purchased Equipment for $4,200 cash. 5-Dec Purchased office supplies from XYZ Company on account, $400. 15-Dec Provided services to customers for $6,200 cash. 16-Dec Provided services to customer ABC inc. on account, $3,700. 17-Dec Received $1,200 cash in advance from a customer for services to be provided in January. 22-Dec Paid $230 to XYZ company for the Dec 5 purchase on account. 23-Dec Received $1,900 cash from customer, ABC inc, on account. 25-Dec Paid the rent for the current month, $700. 28-Dec Paid salaries to employees for work phrrformed from December 1 through December 28, \$4,200. 29-Dec Declared and paid dividends to stockholders $400. 30-Dec Purchased land by signing 3 year note payable for $9,000 2. Post all of the December transactions from the "General Joumar" tab to the T-accounts under the "T-Accounts" tab in the excel template file "Accounting Cycle Excel Template. xls x2. Assume there are no beginning balances in any of the accounts. 3: Compute the balance for each T-account after al of the entries have been posted. 4= Prepare the unadjusted trial balance on the "Unadjusted Trial Balance" tab. 10 Provide the total of the credit column from the Unadjusted Tral Balance 5. Record the December adjusting entries on the "General Journal" thb. 31-Dec One month's insurance has expired $80. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $70. 31-Dec Salaties incurred from December 29 to December 31 but not yet paid or recorded total $450. Post all of the adjusting entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after al of the adjusting entries have been posted. Prepare the adjusted trial balance on the "Adjusted Trial Balance" tab. Check point 1 : Adjusted trial balance total debiticredit = 528,790 Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no answer should be left blank.) Prepare the adjusted trial balance on the "Adjusted Trial Balance" tab Prepare the Income Statement, Statement of Stockholder's Equity and Classified Balance Sheet on the "Financial Statements" tab for the month ended. Secomber 3120x ended December 31, 20XX Provide the following amount from the income Statement: (Be sure to enter all numbers as positive and no answer should be left blank. Provide the following account balances from the Balance Sheet: (Be sure to enter all numbers as positive and no answer should be left blank.) Provide the following account balance ffom the Statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank.) Provide the following account balance from the Statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank. 28 Dividends Record the closing entries on the "General Joumal" tab, Post all of the closing entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the closing entries have been posted Prepare the post closing trial balance for the month ended December 31, 20XX on the Post-Closing Trial Balance tab. 29 Provide the total of the debit column from the Post Closing Trial Balance 30 Provide the balance of the Retained Earnings T-Bccount after closing ontries have been posted. Check Point 2: Total Assets $22,510 ESTION 2 31 Does the ending balance of the Retained Earnings t-account agreo with the balance of Retained Eamings on the Balance Sheet