Comprehensive Problem: Review of the Accounting Cycle for a Service Company Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions. Dec. Summary of Transactions: Stockholders invested $14,000 cash in the business in exchange for common stock. Dec. 2 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account Dec. 3 Purchased cleaning supplies for $800 on account. Dec. 5 Paid $1,800 on a 1-year insurance policy, effective December 1. Dec. 12 Billed customers $3,800 for cleaning services. Dec. 18 Paid $1,000 of the amount owed on truck, and $400 of the amount owed on cleaning supplies. Dec. 20 Paid $1,600 for employee salaries. Dec. 21 Collected $1,400 from customers billed on December 12. Dec. 25 Billed customers $1,500 for cleaning services. Dec. 31 Paid gasoline for the month on the truck, $400. Dec. 31 Declared and paid a $600 cash dividend. Additional Data Determined at December 31, 2019: a. Unbilled fees for services performed at December 31 were $1,300. b. Depreciation on the truck was $200 for the month. c. One-twelfth of the insurance expired by December 31. d. An inventory count shows $100 of cleaning supplies on hand at December 31. e. Accrued but unpaid employee salaries were $500. Required: 1. Set up T-accounts for the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Eamings, Service Revenue, Supplies Expense, Gasoline Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense. 2. Record the transactions and events for the month ending December 31, 2019, in general journal format. Do not record any adjusting journal entries based on the "additional data" at this time. 3. Post the joumal entries prepared in (2.) to the general ledger T-accounts. Prepare an unadjusted trial balance. 5. Record the necessary adjusting journal entries based on the "additional data" at December 31 in the general journal and then post these journal entries to the T-accounts. 6. Prepare an adjusted trial balance. 7. Prepare an income statement, statement of stockholders' equity, and balance sheet from the adjusted trial balance. Remember to include the proper headings. You do not have to include earnings per share on the income statement, and you do not have to prepare a classified balance sheet. 8. Prepare the closing entry for the month ended December 31, 2019, and then post it to the T-accounts. 9. Prepare a post-closing trial balance at December 31, 2019