Dec.	5	Paid accounts payable of $6,350.
	6	Paid rent of $7,000 in advance.
	6	Purchased supplies, $620, on account.
	7	Deposited $22,000 of admissions receipts.
	9	Unearned admissions revenue is for gift certificates purchased for admission into future shows. $550 more of these gift certificates were sold to a local restaurant business, for cash.
	10	Purchased $4,750 of concessions items on credit.
	12	Acquired additional equipment worth $24,000 by paying $700 cash and giving a long-term note payable for the balance.
	14	Paid wages of $20,800 for the period December 1 through 14.
	16	Paid for the supplies purchased on December 6.
	17	Purchased $8,800 of supplies on credit.
	19	Sold 400 shares of $10 par value common stock for $10 a share.
	21	Deposited $19,700 from concessions sales and $11,880 of admissions receipts.
	24	Paid $2,000 for repairs to roof for weather damage.
	25	Purchased $4,050 of concessions items on account.
	27	Paid for the supplies purchased on December 17.
	28	Paid wages of $13,600 for the period December 15 through 28.
	30	Paid $6,100 to newspaper for advertisements that appeared in December.
	31	Deposited $20,700 from admissions receipts and $17,240 from concessions sales.
	31	Declared and paid the annual dividend, amounting to $8,800.

1. Prepare journal entries to record the December transactions listed above.

2. Post the December journal entries to the general ledger.

3. Prepare a 6-column worksheet and enter the December 31unadjusted balances from the general ledger

accounts. Also enter adjusting entries for the following items on the worksheet, and complete

the worksheet.

a. Unpaid wages were $5,210 as of December 31.

b. The December 31 concessions inventory was $1,715.

c. The supplies inventory was $3,750 on December 31.

d. The unexpired portion of the prepaid rent was $3,000 as of December 31.

e. Depreciation for the year on the equipment was $12,000.

f. Depreciation for the year on the building was $32,200.

g. Unpaid utilities expense for December was $2,120.

h. Interest expense on the note payable for 2019 was $1,790, to be paid when the note matures.

i. Admissions gift certificates still unredeemed at December 31 totaled $3,000.

4. Journalize and post the adjusting entries to the general ledger. These are the same adjustments that are recorded on the 6-column worksheet.

5. Prepare an income statement, statement of retained earnings, and a balance sheet for the year

ended December 31, 2019.

6. Journalize and post the closing entries to the general ledger.