I need help answering A, B, C and D please! Instructions (You may want to set up T accounts to determine ending balances.) (a) Prepare journal entries for the transactions listed above and adjusting entries.

(b) Prepare a General Ledger using the following format:

Gerenal Ledger

Cash

Accounts Receivable

Merchandise Inventory

Supplies

Equipment

Date

Debit

Credit

Date

Debit

Credit

Date

Debit

Credit

Date

Debit

Credit

Date

Debit

Credit

Accounts Payable

Salaries Payable

Income Tax Payable

Common Stock

Retained Earnings

Date

Debit

Credit

Date

Debit

Credit

Date

Debit

Credit

Date

Debit

Credit

Date

Debit

Credit

Sales

Sales Discounts

Date

Debit

Credit

Date

Debit

Credit

(c) Prepare an adjusted trial balance at December 31, 2010. Totals $671,350 (d) Closing Entries are again REQUIRED Use the following information to complete A, B and C: Hiatt Corporation's balance sheet at December 31, 2009, is presented below. HIATT CORPORATION Balance Sheet December 31, 2009 Cash $ 24,600 Accounts payable $ 25,600 Accounts receivable 45,500 Common stock ($10 par) 80,000 Allowance for doubtful accounts (1,500) Retained earnings 127,400 $233,000 Supplies 4,400 Land 40,000 Building 142,000 Accumulated depreciation-building (22,000) $233,000 During 2010, the following transactions occurred. 1. On January 1, 2010, Hiatt issued 1,500 shares of $20 par, 7% preferred stock for $33,000. 2. On January 1, 2010, Hiatt also issued 900 shares of the $10 par value common stock for $21,000. 3. Hiatt performed services for $280,000 on account. 4. On April 1, 2010, Hiatt collected fees of $36,000 in advance for services to be performed from April 1, 2010, to March 31, 2011. 5. Hiatt collected $267,000 from customers on account. 6. Hiatt bought $35,100 of supplies on account. 7. Hiatt paid $32,200 on accounts payable. 8. Hiatt reacquired 400 shares of its common stock on June 1, 2010, for $38 per share. 9. Paid other operating expenses of $188,200. 10. On December 31, 2010, Hiatt declared the annual preferred stock dividend and a $1.20 per share dividend on the outstanding common stock, all payable on January 15, 2011. 11. An account receivable of $1,300 which originated in 2009 is written off as uncollectible. Adjustment data: 1. A count of supplies indicates that $5,900 of supplies remain unused at year-end. 2. Recorded revenue earned from item 4 above. 3. The allowance for doubtful accounts should have a balance of $3,500 at year end. 4. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $10,000. 5. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.)