Hey I'm trying to figure out how to solve this. If possible show me step by step how to solve the questions. The worksheet for Oakville Journal has been provided (Year Ended December 31, 2018). The trial balance figures have already been entered for you. Using the additional information, given below, make the adjustments and then complete the eight-column worksheetJournalize the Adjusting Entries.Journalize the Closing Entries.Post the adjusting and closing entries in the t-accounts provided. Ignore dates. Take off a post-closing trial balance.Additional InformationLate bills arriving in January 20-9 that pertain to the 20-8 fiscal period:Supplies and Materials $ 509.60Automobile Expense 200.00Truck Expense 746.20Miscellaneous Expense 35.00The value of Supplies and Materials, at the end of the year, was $8,013.56.The value of unexpired insurance amounted to $1,325.00 at the end of the year.Advertising Revenue of $8,903 was recorded on December 20-8 but this amount was for ads to be run in January and February 20-9. Depreciation was calculated on a straight line basis: Buildings cost $630,000, estimated salvage value $30,000. estimated life 40 years. Automotive Equipment cost $75,325.00 and the company estimates the salvage value to be $5,325.00 with an estimated life of 7 years. Bought equipment costing $95,700.00, with an estimated salvage value of $20,000. estimated life 10 years.

Chapter # Assignment Oakville Journal Trial Balance Work Sheet ACCOUNTS Year Ended December 31, 2011 Dichit Credit Adjustments Debit Credit Income Statement Debit Credit Debit Balance Sheet Bank 2.080.00 Credit Accounts Receivable 15.317.20 Supplies & Materials 23.795.16 Prepaid Insurance 4.200.06 Land 775.000.00 Buildings 630.080.09 Accumulated Depreciation Bulklings Equipment 95 700.00 Accumulated Depreciation Equipment 22.71800 Automotive Equipment 15.325.00 Accummulated Depreciation Automotive Equipment 10.000.60 Accounts Payable 9.21642 HST Payable 1,280.00 HST Recoverable 150.80 Bank Loan 100,000.00 Mortgage Payable B.Lucht. Capital 560.809.00 R. Lucht Drawings 50.080.00 Revenue . Advertising 210.946.00 Revenue . Circulation 91.315.00 Bank Interest and Charges Expense 12.150.00 Building Maintenance Expense 3.220.00 Automobile Expense 4.960 50 Miscellaneous Expense 5.940.13 Mortgage Interest Expense 16380.00 Office Expense 1.240.00 Office Salaries Espenan 34.319.15 Sales Promotion Expres 2.750.00 Telephone Expense 2.946.00 Truck Expense 26314.19 Deilities Expense 11.350.00 Wages Expanor 94319.00 1,907.916.33 1,907.916.33