Has anyone done something similar to this? I'm having trouble

Part 1:

Shown below is Virginia Travel's adjusted trial balance as of the end of its annual accounting period:

Virginia Travel

Adjusted Trial Balance

December 31

Dr. Cr. Cash $ 25,000 Accounts receivable 15,000 Office equipment 29,600 Accumulated depreciationOffice equipment $5,000 Notes payable 16,700 Capital stock 30,260 Dividends 1,000 Fees earned 75,000 Salaries expense 32,800 Rent expense 16,800 Depreciation expenseOffice equipment 3,960 Office supplies expense 2,800 Totals $126,960 $126,960

• Using the data from the adjusted trial balance and the spreadsheet template linked under this assignment in Module 3, complete the following:Prepare the necessary closing entries.
• Prepare a post-closing trial balance.

Each assignment must include a title page and reference page.Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.

Part 2

Determine if the following transactions for Michigan Corporation require an adjustment. If an adjusting entry is required, give the correct entry. Where applicable, write the original entry first and then the adjusting entry.

1. At the beginning of the month, Michigan agreed to perform services for the next threemonths for Ford Corporation for $25,000 per month. Ford paid Michigan $75,000 cash inadvance. One month has now passed.
2. Michigan pays its employees every two weeks. At the end of the month, Michigan owes itsemployees $60,000, but will not pay them until the following week.
3. Michigan paid $100,000 cash for rent at the beginning of the month by debiting prepaid rentand crediting cash. The $100,000 covered five months of occupancy, but only one month haspassed.
4. At the beginning of the year, Michigan bought supplies from the General Motors Company for $6,000 cash per month for twelve months. A physical count at year-end revealed supplies worth $8,000 were still left over. Complete the original journal entry followed by the adjusting entry.