Description of transaction December 1: Sundeep Kaur made an investment in Byte of Accounting, Inc., by purchasing 2,900 shares of its common stock paying $87,000.00 in cash. The par value of the common stock was $23.00 per share. December 3: Purchased a Ricoh Color copier for $4,600.00. The invoice number was 61298. We paid 10% and signed a 3 year note for the remaining balance. Interest at a rate of 6% a year will be paid semiannually. December 3: Check # 6001 for $2,600.00 was paid for rent of the office space for December. Rent is journalized to the prepaid rent account. December 3: In response to requests from our customers we have decided to purchase and install Super Toners at our clients locations. We received 14 Super Toners for resale to our customers at a cost of $27.00 per toner. The Invoice number was 7249, and we will pay them within 30 days. December 10: Sold 9 Super toners to a customer on account for $56.00 each. The Sales order number was 12100, record the Sales Revenue. December 10: Sold 9 Super toners to a customer on account for $56.00 each. The Sales order number was 12100, record the Cost of Goods Sold, using FIFO. December 11: Check # 6002 was used to pay salaries of $2,100.00 to equipment operators. Ignore payroll taxes. December 14: Check # 6003 was used to purchase a one-year insurance policy covering its computer equipment for $6,696.00 from Seth's Insurance. The effective date of the policy was December 16 and the invoice number was 2387. December 15: Lauryn paid $2,476.00 for airline tickets to send the kids to Grandma Ellen's for the holiday. December 16: Received 6 Super Toners for resale to our customers. The cost was $30.00 per toner. The Invoice number was 7359, and we will pay them within 30 days. December 17: We were informed that Mr. Madoff who has an account with us will never pay the $562.00 he owes us. Record the transaction to write off Mr. Madoff's accounts receivable account using the allowance method. December 17: Received invoice number 26354 in the amount of $850.00 from the local newspaper for advertising. December 18: Check # 6004 was used to pay Accounts Payable in the amount of $720.00 December 19: Sold 8 Super toners to a customer on account for $56.00 each. The Sales order number was 12100, record the Sales Revenue. December 19: Sold 8 Super toners to a customer on account for $56.00 each. The Sales order number was 12100, record the Cost of Goods Sold, using FIFO. December 21: Record the cost of computers for various customers on account, $4,300.00. December 21: Billed various miscellaneous local customers $8,600.00 for computers that cost us $4,300.00, record the Sales Revenue. December 21: Billed various miscellaneous local customers $8,600.00 for computers that cost us $4,300.00, record the Cost of Goods Sold. December 22: Check # 6005 was used to pay salaries of $2,100.00 to equipment operators. Ignore payroll taxes. December 22: Received a bill for $1,315.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. December 22: Check # 6006 was used to pay the advertising bill that was previously received and recorded from the local newspaper for advertising, invoice number 26354. December 22: Received 13 Super Toners for resale to our customers. The cost was $32.00 per toner. The Invoice number was 7988, and we will pay them within 30 days. December 23: Cash from customers in the amount of $20,925.00 was received on billings. December 23: Record the cost of computers for various customers on account, $5,550.00. December 28: Billed various miscellaneous local customers $11,100.00 for computers that cost us $5,550.00, record the Sales Revenue. December 28: Billed various miscellaneous local customers $11,100.00 for computers that cost us $5,550.00, record the Cost of Goods Sold. December 28: Paid the bill that was previously received and recorded from Computer Parts and Repairs Co with Check # 6007 . The invoice number was 43254. December 29: Cash from customers in the amount of $14,250.00 was received on billings. December 29: Received a bill for the amount of $530.00 from AT&T for the telephone. The invoice number was 784537. December 30: Check # 6008 was used to pay salaries of $2,100.00 to equipment operators. Ignore payroll taxes. December 30: Check # 6009 was used to pay was used to pay for a cash dividend of $.50 per share to Lauryn, a shareholder of Byte. December 30: Check # was used to pay was used to pay for a cash dividend of $.50 per share to Sundeep Kaur, a shareholder of Byte. December 30: Received a $8,215.00 check from Kaur Corporation for merchandise ordered which will be delived January 16th. December 30: A $2,850.00 ping pong table for the office was ordered from GameWorld. December 31: The Ping Pong table was canceled within the cancelation period. December 31: Check # 6010 was issued to pay $530.00 to AT&T for the telephone and internet access. Post your journal entries to the general ledger and prepare the Unadjusted Trial Balance as of December 31st. Make sure your work is correct by uploading to Cybertext. Adjusting Entries - Record the following adjusting entries in the general journal. Round to two decimal places, =Round(number or formula,2). The monthly rent payment is $2,600.00. Expense the amount associated with twelve month's rent. A physical inventory showed that only $830.00 worth of general office supplies remained on hand as of December 31. The interest on the note for the Ricoh Color copier will be paid every six months. Record the December accrued interest on the note payable for the Ricoh purchase on December 1st. Record a journal entry to reflect that one half month's insurance has expired. A review of Bytes job worksheets show that there are unbilled revenues in the amount of $8,130.00 for computers that cost $4,065.00, record the cost of the computers on account. A review of Bytes job worksheets show that there are unbilled revenues in the amount of $8,130.00 for computers that cost $4,065.00, record the Sales Revenue from the computers. A review of Bytes job worksheets show that there are unbilled revenues in the amount of $8,130.00 for computers that cost $4,065.00, record the Cost of Goods Sold of the computers. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The computer equipment was purchased last January for $21,000.00 and it has an estimated useful life of 5.0 years with no salvage value. Calculate the depreciation for one year using the straight-line method of depreciation. The Ricoh Color copier, part of the office equipment, is estimated to be able to make 480,000 copies, have a useful life of 5 years and a salvage value of $500.00. During December 8,500 were made. Calculate the depreciation for one month using the straight-line method of depreciation. The remaining office equipment, $69,100.00, was purchased last January and has an estimated useful life of 10 years with a salvage value of $3,100.00. Calculate the depreciation for one year using the straight-line method of depreciation. A review of the payroll records show that unpaid salaries in the amount of $1,260.00 are owed by Byte for three days, December 28 - 31. Ignore payroll taxes. Our CPA has informed us to estimate that 9.00% of the outstanding Accounts Receivable will be uncollectable. Record the bad debt expense using the allowance method. Income taxes are to be computed at the rate of 25 percent of net income before taxes. [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. Post your adjusting journal entries to the general ledger and prepare the Adjusted Trial Balance as of December 31st. Using the Adjusted Trial Balance as of December 31st as a reference, prepare the Income Statement, Statement of Stockholder's Equity, Balance Sheet and Statement of Cash Flows. Need Answere to unadjusted and adjusted, also need anwere to income statement and stockholder equity please