General Journal tab - Prepare journal entries for the first month of operations. Prepare any necessary adjusting and closing entries for the current month.

Comprehensive Problem (Algo): Applying all steps in the cycle A dog trsining business begon on December 1. The followng tranasctions accurred during its first manth. Docirbse 1 focolves $32, BQ6 cash as an omor Imestment in exchanpo for common stock. Docirbse 2 Pays 37,443 cash for equipmont. Decirbsr 4 Pays \$1, 243 cash for Docorber ront euponse. Docorbor 7 pruvidos all-day trainling services for a large grop and immodiately callocts $1,780 cash. Decirbsr \& Pays 5260 cash in wapes for part-tlme bolp. sorrices. Decenter 19 focelves \$3, 369 cash frum the custont billod on Doc. 9. Decenter 20 Purcharies $2,126 of sugplies on crodit fron a supplier. Decenber 23 ficelves $1,848 cash in advance of prurLding a 4-wek training sorvice to a custoror. Decenter 29 Pays $1,366 cash an a partial paymont toward the accounts paryable of Dec. 28. Decenter 30 Distrillutod a $560 cash dividsnd to the Gonvr. Information for month-end adjustments follows: at the end of 5 wars (66 months). The business usos straight-1ine dogrviciation to allocate the $7,448 not cost aver 60 months. On Docirbor' 31, 1 month of dopreclation rust be rvcordsd. abvance. By Doconter 31, the busLinss has pruvided 1 of the 4 wovks of services and earrod orw-fourth of the fos. Na rvinue is yet recerdod. Decenter 31 on Decenter 31, wager of \$66e are owd to a part-tine enplayoe for wark done ower the part 3 woks. These wages are not yot pald ar recorded. Decenter 31 The business agresd to provide 6 weks of training sorvices to a customor for a foe of 54 , 566 , er $768 por wok. The Custower aprevs to pay the full $4,56 at the end of 6 wosks when services are corplete. By Docenter. 31 , 2 woks of sorrices have boen provided, but the business har not yot billod the custonor or rocardod the 2 woks ef sorvices prurided. General Joumal tab - Prepare joumal entries for the first month of operations. Prepare any necessary adjusting and dasing entries for the current month. General Ledoer tab - Each journal entry is posted automatically to the general led ger. Use the dnop-down button to view the unsdjusted, adjusted, or poat-docing balances Trial Balance tab - You may view the unadjusted, adjusted, or post-doaing trial balances by chooaing from the dropdown box below. Your chaice will determine the reparted values on the finandal statement taba Income Statement tab - Use the drop-downa to select the acoounts praperly indudad an the income statement. The unacyuated, adjuated or poat-cloaing balances will appess for esch account, bseed an yaur selection. Statement of Retained Eamings tab - The unadjuated, adjusted or poet-dosing balances will appesr for esch account, bssed on your selection. Ba/svice Sheet tab - Use the drap-dawna to select the scrounts properly induded on the balance sheet. The unsdjusted, adjusted or post-dosing balsnces will appear for each amount, based on your selection. Post-Closing tab - Use the dop-downa to indicate whether esch account is included on the past-dasing trial bolance. Prepare the required joumal entries, adjusting entries, and dosing entries. Journal entry worksheet 234567822 Focelves \$32,000 cash as an owner inwestment in exchange far comman stodi. Not: Entir dobas before crictis