Dec 29 Performed services on account and billed customers for services provided $6,680. Homework : Journal Transactions, Adjusting Entries, Ledger Accounts, Adjusted Trial Balance, Statement of Preparation On December 1, 2021, the account balance of Daily Light, Inc were as follows. Adjustment data consist of: No. Debit No. Credit 101 Cash $ 12,500 158 Accumulated Depreciation - Equipment S10,500 1. Unearned service revenue $2,500 is recognized for services performed. 2. Accrued salaries payable $6,800. 3. Supplies on hand $5,300. 4. Depreciation for the month is $2,400. 112. 20,500 Accounts Receivable 201 Accounts Payable 4,000 Instructions 126 8,600 209 Unearned Service Revenue 6,200 a). Journalize the December transactions. Supplies Equipment 157 78,500 9,500 b). Journalize the adjusting entries at December 31, 2021. 212 Salaries and Wages Payable 311 Share Capital Ordinary 320 Retained Earnings 57,500 32,400 c). Post to ledger accounts using the three-column form of account. (Use J1 for posting reference. Use the following additional accounts: No. 400 Service Revenue, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 726 Salaries and Wages Expense and No. 729 Rent Expense). $120,100 $120,100 d). Prepare an adjusted trial balance. During December, the following summary transactions were completed. e). Prepare an Income Statement and a retained earnings statement for December and a Statement of Financial Position at December 31, 2021. Dec 02 Dec 05 Dec 08 Purchased supplies on account $14,500. Received $50,200 cash for services performed in December. Paid $8,000 for salaries due employees, of which $2,600 is for October salaries. Purchased equipment on account $5,800. Received $14,800 cash from customers on account. Dec 12 Dec 18 Dec 21 Paid creditors on account $3,000. Dec 24 Paid December rent $6,000. Received $2,400 from customers for future service. Dec 26 Dec 28 Paid salaries $2,600