Hey does anyone know how to adjust entries? I have the unadjusted entry done as well as Financial Statements, which I'm afraid May need some correcting because I forgot to adjust my entries. So I need to do the adjusted entry and also where to post those adjusted entries to my General journal.

Issued common stock for $7,000 cash.

Paid $720 in advance for a one-year insurance policy.

Purchased equipment for $4,800 cash.

Purchased supplies for $500 on account from XYZ Company.

Provided services to customers for $5,800 cash.

Provided services to customer ABC Inc. on account for $3,100.

Received cash of $1,000 in advance from customers for services to be provided in January.

Paid $240 to XYZ company for the Dec 5 purchase on account.

Received $1,700 cash from customer ABC Inc., on account related to the Dec 16 transaction.

Paid $600 rent for the current month.

Paid salaries to employees $4,760 for work performed from Dec 1 to Dec 28.

Declared and paid cash dividends of $300 to stockholders.

Purchased land by signing a long-term note for $6,000.

Post all of the transactions from the "General Journal" tab to the T-accounts under the "T-

Step 2: Accounts/General Ledger" tab in the excel template file "Accounting Cycle Excel Template.xisx".

Assume there are no beginning balances in any of the accounts.

Step 3: Compute the unadjusted balance for each T-account after all of the December entries have been postec

Step 4: Prepare the unadjusted trial balance on the "Unadjusted Trial Balance" tab.

1 - Provide the total of the credit column from the Unadjusted Trial Balance

23160

ADJUSTED ENTRIES

Step 5: Record the December adjusting entries on the "General Journal" tab.

Dec 31: One month insurance has been used.

Dec 31: Supplies remaining at the end of the month total $90.

Dec 31: The estimated depreciation on equipment is $80.

Dec 31: Salaries incurred from December 29 to December 31 but not yet paid or recorded total $5

Step 6:

Post all of the adjusting entries to the T-accounts under the "T-Accounts/General Ledger" tab. Compu balance for each T-account after all of the adjusting entries have been posted.

Prepare the adjusted trial balance under the "Adjusted Trial Balance" tab as of December 31 in the exc

Step 7:

"Accounting Cycle Excel Template.xlsx".

Check point 1: Adjusted trial balance total debit/credit = $23,750

Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no