December: 1. AP El deposited $60,000 into Elington Consulting as the sole owner. 1. Elington Consulting purchased supplies, $5,500; and office equipment, $21,500 with a 3 year note payable of $10,000 and the remainder in cash. 2. Paid four months' rent on a lease rental contract, $10,000. 3. Paid cash for a newspaper advertisement, $200. 4. Paid the yearly premium on property and casualty insurance policies, $9,000. 5. Purchased additional office equipment on account from Office Equip Co,, $3,500. 6. Received cash from clients as an advance payment for services to be provided in the future, $4,000 8. AP took clients out for a meal to discuss business, $100 10. Paid Office Equip Co. for part of the debt incurred on the 5,$2,500 14. Paid cash for supplies, $4000. 15. Recorded services provided on account for the period of the 1tit14th,$4,500. 16. Paid part-time receptionist for two weeks' salary, $700. 17. Recorded cash from cash clients for services provided during the period of the 1"16th,$3,000. 19. Received cash from clients on account, $2,000. 21. Recorded services provided on account for the period of the 15th211m+1,$2,500. 26. Recorded cash from cash clients for services provided for the period of the 17th25m,$3,500. 27. Received the electricity bill for the month, $200. (Will pay it later) 28. Paid part-time receptionist for two weeks' salary, $700. 29. Paid water bill for the month, $100. 30. Recorded cash from cash clients for services provided for the remainder of the month, $3,500. 30. Recorded services provided on account for the remainder of the month, $2,000. 31. AP El withdrew $5,000 for personal use. 3. Prepare a trial balance as of December 31,2022 , listing all the accounts in the order given in the ledger. 4. Journalize and post the adjusting entries. a) One month of Insurance has expired. b) Supplies on hand on at the end of the month are $1,500. c) Accrued receptionist salary for the remainder of the month is $200. d) One month of rent was used. e) Unearned fees at the end of the month are $2,500. f) \$3,500 of fees needs to be accrued g) Calculate the interest for one month on the Note Payable using a 4% interest rate. (Use the Note Payable account and round to nearest whole number.) h) Depreciation of office equipment for the month based on SL depreciation over 5 years. (Round to nearest whole number) i) Bad Debt is 1% of sales for the month. (Round to nearest whole number) (Hint: Use the revenue balance after other adjusting entries have been completed) 101Cash120AccountsReceivable122AllowanceforDoubtfulAccounts124Supplies125PrepaidRent126PrepaidInsurance150OfficeEquipment155AccumulatedDepreciation201AccountsPayable205NotePayable210SalariesPayable220UnearnedFees301APEl,Capital310APEl,Drawing320IncomeSummary401FeesEarned500BadDebtExpense501SalaryExpense502RentExpense503SuppliesExpense504DepreciationExpense505InsuranceExpense507InterestExpense509AdvertisingExpense512UtilitiesExpense515MealExpense