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Dec 1 John Trap invested $60,000 cash in the company for common stock. Purchase office equipment for $17, 500 cash. The company rented furnished office

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Dec 1 John Trap invested $60,000 cash in the company for common stock. Purchase office equipment for $17, 500 cash. The company rented furnished office space by paying $18,000 cash for the first six months (December 2015 May 2016) rent. The company Purchased $1.500 of office supplies on account. The company paid $3.600 cash for the premium on a 12 month insurance police. The company paid $10.750 cash for two weeks' salaries earned by employees. The company collected $54,000 cash on commissions from airlines on tickets for customers. The company paid $12, 125 cash for two weeks' salaries earned by employees. The company paid $350 cash for minor repairs to the company's computer. The company paid $450 cash for this month's telephone bill. Dividends of $3,000 cash were paid. Adjustment Data: One month's insurance coverage has expired. The company occupied the office space for the month of December. At the end of the month, $600 of office supplies are still available. This month's depreciation on the computer equipment is $325. Employees earned $525 of unpaid and unrecorded salaries as of month-end. Prepare an adjusted trial balance. Prepare an income statement, statement of stockholders' equity, and classified balance sheet Create closing journal entries to close all temporary accounts. Prepare post-closing trial balance

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