economic transaction:

1- the company has retained earnings with 1000001st. July

2- paid 12000 for equipment.

3- 8000 cash dividend paid to shareholders

4- purchased 5000 supplies on account

5- paid 7300 for employee salaries

6- performed 36000 of service on account

7- paid 5000 for utilities

8- paid for the supplies purchased on account

9- paid 16000 for store rent

10- borrowed 50000 from the bank on note payable

11- received a cash payment of 20000 for service provided on account

12- paid company van service for 3200

13- earned service revenue of 50000 from store

14- paid wages on credit 3000

15- paid another 2000 for advertising

Adjusting entries:

1- equipment on hand 3000

2- accrued wages payable 7000

3- accrued utilities payable 1500

4- depreciation: company van is 10% using straight-line method

5- supllies has been used 800.

I need to prepare the journal entry for each transaction (including adjusting entries), post to the ledger, adjusted trial balance and retained earnings statement, explain each step