Dec 1: Issued common stock for $7,000 cash. Dec 1: Paid $720 in advance for a one-year insurance policy. Dec 1: Purchased equipment for $4,800 cash. Dec 5: Purchased supplies for $500 on account from XYZ Company. Dec 15: Provided services to customers for $5,800 cash. Dec 16: Provided services to customer ABC Inc. on account for $3,100. Dec 17: Received cash of $1,000 in advance from customers for services to be provided in January. Dec 22: Paid $240 to XYZ company for the Dec 5 purchase on account. Dec 23: Received $1,700 cash from customer ABC Inc., on account related to the Dec 16 transaction. Dec 25: Paid $600 rent for the current month. Dec 28: Paid salaries to employees $4,760 for work performed from Dec 1 to Dec 28. Dec 29: Declared and paid cash dividends of $300 to stockholders. Dec 30: Purchased land by signing a long-term note for $6,000. Record the December adjusting entries on the "General Journal" tab. Dec 31: One month insurance has been used. Dec 31: Supplies remaining at the end of the month total $90. Dec 31: The estimated depreciation on equipment is $80. Dec 31: Salaries incurred from December 29 to December 31 but not yet paid or recorded total $510. Post all of the adjusting entries to the T-accounts under the "T-Accounts/General Ledger" tab. Compute the adjusted balance for each T-account after all of the adjusting entries have been posted. Prepare the adjusted trial balance under the "Adjusted Trial Balance" tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx". It 1: Adjusted trial balance total debit/credit =$23,750