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Financial Accounting Project Name(s) You are to create a service corporation, which began business operations on December 1, 2019. The name of your corporation is

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Financial Accounting Project Name(s) You are to create a service corporation, which began business operations on December 1, 2019. The name of your corporation is The service your business provides is 12/1/19 The sole shareholder (you) contributed Cash in the amount of $_25,000 and Equipment valued at $ 15,000__in exchange for Common Stock in the corporation 12/2/19 The company rented space, paid a security deposit of $1,500.00 (Debit to an Asset account named Security Deposit), and prepaid the first two months' rent in the amount of $3,000.00, with cash. 12/3/19 The company prepaid for six months of business insurance coverage in the amount of $1,200.00 in cash. 12/4/19 The company purchased Supplies in the amount of $_2,000 12/4/19 The company purchased additional Equipment in the amount of 5,000 , by paying S 500 In cash, and signing a Note Payable for the balance 12/26/19 The company provided services to its first customer, and received $3,000 on account. in cash. 12/28/19 The company provided services to a new customer, and billed the customers 2,000 12/31/19 The company paid the utility bill in the amount of $283.00 in cash. 12/4/19 The company purchased additional Equipment in the amount of $ 5,000, by paying S 500 in cash, and signing a Note Payable for the balance. 12/26/19 The company provided services to its first customer, and received $_3,000 in cash 12/28/19 The company provided services to a new customer and billed the customer $_2,000 12/31/19 The company paid the utility bill in the amount of $283.00 in cash. 12/31/19 The company paid the telephone bill in the amount of $195.00 in cash. 12/31/19 The two adjusting journal entries to for Rent Expense and Insurance Expense for December are prepared. 12/31/19 The company paid a cash dividend of $250.00 to its sole shareholder Prepare an Income Statement, a Statement of Retained Earnings, and a Balance Sheet for the year ending December 31, 2019, for your company. Remember to date each financial statement appropriately. Your Balance Sheet must balance

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