Dec. 1 Invested

$80,000

in the business in exchange for common stuch.\ 2 Paid

$4,800

cash for December rent.\ 2 Purchased

$4,320

of supplies on account.\ 3 Purchased

$38,000

of office equipment, paying

$9,400

cash with the balance due in 30 days.\ 14 Paid

$7,200

cash for assistant's wages for two weeks' work.\ 20 Performed consulting services for

$12,000

cash.\ 30 Billed clients

$28,800

for December consulting services\ 31 Paid

$5,600

cash for dividends.\ Required:\ a.\ Record these transactions in journal entry form and prepare the unadjusted trial balance. Please submit only the unadjusted trial balance for grading. 8 marks\ b.\ Journalize the following adjusting entries at December 31: 4 marks\ 1 Supplies available at December 31 are

$2,880

.\ 2 Accrued wages payable at December 31 are

$1,080

\ 3 Depreciation for December is

$480

.\ 4 RTS has spent 30 hours on a tax fraud case during December. When completed in January, his work will be billed at

$300

per hour. (Use Fees Receivable)\ Prepare the adjusted trial balance 6 marks.\ c.\ 12 marks.\ Prepare the income statement for the month of December 2021, (4 narks) and the balance sheet December 31, 2021 (8 marks).

Dec. 1 Invested $80,000 in the business in exchange for 2 Paid $4,800 cash for December rent. 2 Purchased $4,320 of supplies on account. 3 Purchased $38,000 of office equipment, paying $9,400 cash with the balance due in 30 days. 14 Paid $7,200 cash for assistant's wages for two weeks' work. 20 Performed consulting services for $12,000 cash. 30 Billed clients $28,800 for December consulting services 31 Paid $5,600 cash for dividends. Required: a. Record these transactions in journal entry form and prepare the unadjusted trial balance. Please submit only the unadjusted trial balance for grading. 8 marks b. Journalize the following adjusting entries at December 31: 4 marks 1 Supplies available at December 31 are $2,880. 2 Accrued wages payable at December 31 are $1,080 3 Depreciation for December is $480. 4 RTS has spent 30 hours on a tax fraud case during December. When completed in January, his work will be billed at $300 per hour. (Use Fees Receivable) Prepare the adjusted trial balance 6 marks. c. 12 marks. Prepare the income statement for the month of December 2021, (4 narks) and the balance sheet December 31, 2021 (8 marks)