i need help with my accounting cycle project

i have attached the word document that contains the question plus the excel file for the format

can i please get some help?

QUESTION 1

Required: #1.Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense.

1-Dec Began business by depositing $10000 in a bank account in the name of the company in exchange for 1000 shares of $10 per share common stock.

1-Dec Paid the rent for the current month, $900 .

1-Dec Paid the premium on a one-year insurance policy, $480 .

1-Dec Purchased Equipment for $4800 cash.

5-Dec Purchased office supplies from XYZ Company on account, $300 .

15-Dec Provided services to customers for $7000 cash.

16-Dec Provided service to customers ABC Inc. on account, $4900 .

21-Dec Received $2300 cash from ABC Inc., customer on account.

23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 .

28-Dec Paid wages for the period December 1 through December 28, $4200 .

30-Dec Declared and paid dividend to stockholders $200 .

#2.Post all of the December transactions from the ?General Journal? tab to the T-accounts under the ?T-Accounts? tab in the excel template file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts.

#3.Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31.

#4.Prepare the unadjusted trial balance under the ?Unadjusted Trial Balance? tab in the excel template file "Accounting Cycle Excel Template.xlsx" .

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

#5. Record the following four transactions as adjusting entries under the ?General Journal? tab.

31-Dec One month?s insurance has been used by the company $40.

31-Dec The remaining inventory of unused office supplies is $90.

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

31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $450.

#6.Post all of the adjusting entries to the T-accounts under the ?T-Accounts? tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31.

#7.Prepare the adjusted trial balance under the ?Adjusted Trial Balance? tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx" .

Provide the following accounts balances from the Adjusted Trial Balance:

Cash

Accounts Receivable

Supplies

Prepaid Insurance

Equipment

Accumulated Depreciation

Accounts Payable

Wages Payable

Common Stock

Retained Earnings

#8.Prepare Income Statement, Statement of Stockholder?s Equity, and Classified Balance Sheet under the ?Financial Statements? tab for the month ended December 31, 20XX in the excel template file "Accounting Cycle Excel Template.xlsx".

Provide the following amount from the Income Statement:

Service Revenue

Depreciation Expense

Wages Expense

Supplies Expense

Rent Expense

Insurance Expense

Net Income

Provide the following account balance from the Statement of Stockholders' Equity:

Dividends

Provide the following account balances from the Balance Sheet:

Current Assets

Long-Term Assets

Total Liabilities

Total Stockholder?s Equity

Cash

#9. Record the closing entries under the ?General Journal? tab.

#10. Post all of the closing entries to the T-accounts under the ?T-Accounts? tab. Compute the balance for each T-account after all of the closing entries have been posted.

Provide the ending balance of Cash at December 31 from the T-account

Provide the balance of the Retained Earnings T-account after closing entries have been posted.

Does the ending balance of the Retained Earnings T-account agree with the balance of Retained Earnings on the Balance Sheet?

Check Point: Total Assets $ 16,400.00

Date General Journal Description Debit Credit Cash Accounts Payable Common Stock Insurance Expense Retained Earnings Supplies Expense Supplies Service Revenue Depreciation Expense Prepaid Insurance Rent Expense Dividends Equipment Wages Expense Account Receivables Wages Payable Accumulated Depreciation Unadjusted Trial Balance Accounts Debit Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Credit Adjusted Trial Balance Debit Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Credit Income Statement Statement of Stockholders' Equity Classified Balance Sheet For the month Ended December 31, 20XX For the month Ended December 31, 20XX At December 31, 20XX Required: #1.Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense. 1-Dec Began business by depositing $10000 in a bank account in the name of the company in exchange for 1000 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $900 . 1-Dec Paid the premium on a one-year insurance policy, $480 . 1-Dec Purchased Equipment for $4800 cash. 5-Dec Purchased office supplies from XYZ Company on account, $300 . 15-Dec Provided services to customers for $7000 cash. 16-Dec Provided service to customers ABC Inc. on account, $4900 . 21-Dec Received $2300 cash from ABC Inc., customer on account. 23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 . 28-Dec Paid wages for the period December 1 through December 28, $4200 . 30-Dec Declared and paid dividend to stockholders $200 . #2.Post all of the December transactions from the \"General Journal\" tab to the T-accounts under the \"TAccounts\" tab in the excel template file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts. #3.Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31. #4.Prepare the unadjusted trial balance under the \"Unadjusted Trial Balance\" tab in the excel template file "Accounting Cycle Excel Template.xlsx" . Provide the total of the credit column from the Unadjusted Trial Balance #5. Record the following four transactions as adjusting entries under the \"General Journal\" tab. 31-Dec One month's insurance has been used by the company $40. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $80. 31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $450. #6.Post all of the adjusting entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31. #7.Prepare the adjusted trial balance under the \"Adjusted Trial Balance\" tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx" . Provide the following accounts balances from the Adjusted Trial Balance: Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings #8.Prepare Income Statement, Statement of Stockholder's Equity, and Classified Balance Sheet under the \"Financial Statements\" tab for the month ended December 31, 20XX in the excel template file "Accounting Cycle Excel Template.xlsx". Provide the following amount from the Income Statement: Service Revenue Depreciation Expense Wages Expense Supplies Expense Rent Expense Insurance Expense Net Income Provide the following account balance from the Statement of Stockholders' Equity: Dividends Provide the following account balances from the Balance Sheet: Current Assets Long-Term Assets Total Liabilities Total Stockholder's Equity Cash #9. Record the closing entries under the \"General Journal\" tab. #10. Post all of the closing entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the closing entries have been posted. Provide the ending balance of Cash at December 31 from the T-account Provide the balance of the Retained Earnings T-account after closing entries have been posted. Does the ending balance of the Retained Earnings T-account agree with the balance of Retained Earnings on the Balance Sheet? Check Point: Total Assets $ 16,400.00 Date 12/1/20XX 12/1/20XX 12/1/20XX 12/1/20XX 12/5/20XX 12/15/20XX 12/16/20XX 12/21/20XX 12/23/20XX 12/28/20XX 12/30/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX General Journal Description Debit Cash Common stock To record investment by the owner ### Rent Expense Cash To record rent expense paid $ 900 Prepaid Insurance Cash To record insurance premium paid in advance $ 480 Equipment Cash To record purchase of equipment $4,800 Supplies Accounts Payable To record office supplies bought on credit $ 300 Cash Service Revenue To record cash received on service provided ### Accounts Receivables Service revenue To record service revenue earned ### Cash Accounts Receivables To record cash received from customers $2,300 Accounts Payable Cash To record cash paid to suppliers $ 170 Wages expense Cash To record wages payable ### Dividends Cash To record cash dividends $ 200 Insurance expense Prepaid insurance To record expired insurance $ Supplies expense Supplies To record supplies expense $ 210 Depreciation expense Accumulated depreciation To record depreciation expense $ Wages expense Wages Payable To record unpaid wages $ 450 Service Revenue Income Summary To close revenue account ### Income Summary Depreciation expense Wages expense Supplies expense Rent expense Insurance expense To close expenses accounts $5,880 Income Summary Retained earnings To close net income to retained earnings ### Dividends Retained earnings Credit $ 200 ### $ 900 $ 480 $4,800 $ 300 $7,000 $4,900 $2,300 $ 170 $4,200 $ 200 40 $ 40 $ 210 80 $ 80 $ 450 ### $ 80 $4,650 $ 210 $ 900 $ 50 $6,020 $ 200 To close dividends paid to retained earnings 1-Dec $ 15-Dec $ 21-Dec $ $ Balance c/d $ Cash 10,000 $ 900 7,000 $ 480 2,300 $ 4,800 $ 170 $ 4,200 $ 200 19,300 $ 10,750 $ Common Stock Insurance Expense 31-Dec $ 40 5-Dec $ $ $ 10,000 1-Dec 10,000 Balance c/d 130 Balance c/d Balance c/d $ 40 Balance c/d $ 21-Dec Wages Payable $ 450 Dividends Retained Earnings $ 200 $ 6,020 Net income - Supplies Expense 31-Dec $ 210 31-Dec 2,600 $ $ 5,820 Balance c/d Balance c/d $ Balance c/d $ Supplies 300 300 $ Service Revenue $ 7,000 $ 4,900 31-Dec $ 480 $ Balance c/d $ 1-Dec $ 440 1-Dec $ Balance c/d $ $ 15-Dec 16-Dec Balance 40 Equipment 4,800 $ Balance c/d $ Rent Expense 900 Balance c/d $ 80 $ - 900 $ 30-Dec $ 900 Income summary - Balance c/d $ 31-Dec $ 31-Dec 80 Balance c/d $ 4,650 $ Balance c/d Accumulated Depreciation $ 80 4,200 450 Balance c/d $ - Balance c/d $ Balance c/d $ Wages Expense 28-Dec $ 4,200 4,800 $ 11,900 Balance c/d Depreciation Expense 31-Dec $ 80 80 Income sum 90 Balance c/d Prepaid Insurance 1-Dec $ 480 Balance c/d 210 Income sum - Balance c/d $ $ 210 210 $ 450 Balance c/d Balance c/d $ 5-Dec $ ### Income sum 8,550 Account Receivables 16-Dec $ 4,900 $ 2,300 Balance c/d 1-Dec 1-Dec 1-Dec 23-Dec 28-Dec 30-Dec Accounts Payable 23-Dec $ 170 $ 300 4,650 Income summary Dividends 200 200 $ - 200 Retained ea mmary mmary mmary arnings Unadjusted Trial Balance Accounts Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ Credit 8,550 2,600 300 480 4,800 $ $ 10,000 $ $ 130 11,900 200 $ $ 900 4,200 $ 22,030 ### Adjusted Trial Balance Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ Credit 8,550 2,600 90 440 4,800 $ $ $ $ $ $ $ $ $ $ $ $ 80 130 450 10,000 11,900 22,560 $ 22,560 200 900 4,650 40 210 80 Income Statement Statement of Stockholders' Equity Classified Balance Sheet For the month Ended December 31, 20XX For the month Ended December 31, 20XX At December 31, 20XX Service Revenue $ 11,900 Depreciation expense $ Wages expense $ 4,650 Supplies expense $ Rent expense $ Insurance expense $ Net income 6,020 $ 200 Retained earnings 80 $ Less: Dividends Expenses Net income $ 5,820 Assets Liabilities and Stockholders' equity Current Assets: Total liabilities Cash $ 8,550 Prepaid Insurance $ 210 Accounts Receivables $ 900 Supplies $ 90 Current Assets $ 11,680 Longterm Assets Equipment $ 4,800 Less: Accumulated d $ 80 Total Longterm assets $ 4,720 40 $ 5,880 $ Accounts Payable $ 130 440 Wages payable $ 450 2,600 Total liabilities $ 580 Common Stock $ 10,000 Add: Retained earnings $ 5,820 Total equities and liabilities $ 16,400 6,020 Total assets $ 16,400 Stockholders' Equity Required: #1.Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense. 1-Dec Began business by depositing $10000 in a bank account in the name of the company in exchange for 1000 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $900 . 1-Dec Paid the premium on a one-year insurance policy, $480 . 1-Dec Purchased Equipment for $4800 cash. 5-Dec Purchased office supplies from XYZ Company on account, $300 . 15-Dec Provided services to customers for $7000 cash. 16-Dec Provided service to customers ABC Inc. on account, $4900 . 21-Dec Received $2300 cash from ABC Inc., customer on account. 23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 . 28-Dec Paid wages for the period December 1 through December 28, $4200 . 30-Dec Declared and paid dividend to stockholders $200 . #2.Post all of the December transactions from the \"General Journal\" tab to the T-accounts under the \"TAccounts\" tab in the excel template file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts. #3.Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31. #4.Prepare the unadjusted trial balance under the \"Unadjusted Trial Balance\" tab in the excel template file "Accounting Cycle Excel Template.xlsx" . Provide the total of the credit column from the Unadjusted Trial Balance? $22,030 #5. Record the following four transactions as adjusting entries under the \"General Journal\" tab. 31-Dec One month's insurance has been used by the company $40. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $80. 31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $450. #6.Post all of the adjusting entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31. #7.Prepare the adjusted trial balance under the \"Adjusted Trial Balance\" tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx" . Provide the following accounts balances from the Adjusted Trial Balance: Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings (missing on the excel file) #8.Prepare Income Statement, Statement of Stockholder's Equity, and Classified Balance Sheet under the \"Financial Statements\" tab for the month ended December 31, 20XX in the excel template file "Accounting Cycle Excel Template.xlsx". Provide the following amount from the Income Statement: Service Revenue Depreciation Expense Wages Expense Supplies Expense Rent Expense Insurance Expense Net Income Provide the following account balance from the Statement of Stockholders' Equity: Dividends Provide the following account balances from the Balance Sheet: Current Assets Long-Term Assets Total Liabilities Total Stockholder's Equity Cash (missing on the excel file) (missing on the excel file) #9. Record the closing entries under the \"General Journal\" tab. #10. Post all of the closing entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the closing entries have been posted. Provide the ending balance of Cash at December 31 from the T-account Provide the balance of the Retained Earnings T-account after closing entries have been posted. Does the ending balance of the Retained Earnings T-account agree with the balance of Retained Earnings on the Balance Sheet? Check Point: Total Assets $ 16,400.00 Date 12/1/20XX 12/1/20XX 12/1/20XX 12/1/20XX 12/5/20XX 12/15/20XX 12/16/20XX 12/21/20XX 12/23/20XX 12/28/20XX 12/30/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX General Journal Description Debit Cash Common stock To record investment by the owner ### Rent Expense Cash To record rent expense paid $ 900 Prepaid Insurance Cash To record insurance premium paid in advance $ 480 Equipment Cash To record purchase of equipment $4,800 Supplies Accounts Payable To record office supplies bought on credit $ 300 Cash Service Revenue To record cash received on service provided ### Accounts Receivables Service revenue To record service revenue earned ### Cash Accounts Receivables To record cash received from customers $2,300 Accounts Payable Cash To record cash paid to suppliers $ 170 Wages expense Cash To record wages payable ### Dividends Cash To record cash dividends $ 200 Insurance expense Prepaid insurance To record expired insurance $ Supplies expense Supplies To record supplies expense $ 210 Depreciation expense Accumulated depreciation To record depreciation expense $ Wages expense Wages Payable To record unpaid wages $ 450 Service Revenue Income Summary To close revenue account ### Income Summary Depreciation expense Wages expense Supplies expense Rent expense Insurance expense To close expenses accounts $5,880 Income Summary Retained earnings To close net income to retained earnings ### Dividends Retained earnings Credit $ 200 ### $ 900 $ 480 $4,800 $ 300 $7,000 $4,900 $2,300 $ 170 $4,200 $ 200 40 $ 40 $ 210 80 $ 80 $ 450 ### $ 80 $4,650 $ 210 $ 900 $ 50 $6,020 $ 200 To close dividends paid to retained earnings 1-Dec $ 15-Dec $ 21-Dec $ $ Balance c/d $ Cash 10,000 $ 900 7,000 $ 480 2,300 $ 4,800 $ 170 $ 4,200 $ 200 19,300 $ 10,750 $ Common Stock Insurance Expense 31-Dec $ 40 5-Dec $ $ $ 10,000 1-Dec 10,000 Balance c/d 130 Balance c/d Balance c/d $ 40 Balance c/d $ 21-Dec Wages Payable $ 450 Dividends Retained Earnings $ 200 $ 6,020 Net income - Supplies Expense 31-Dec $ 210 31-Dec 2,600 $ $ 5,820 Balance c/d Balance c/d $ Balance c/d $ Supplies 300 300 $ Service Revenue $ 7,000 $ 4,900 31-Dec $ 480 $ Balance c/d $ 1-Dec $ 440 1-Dec $ Balance c/d $ $ 15-Dec 16-Dec Balance 40 Equipment 4,800 $ Balance c/d $ Rent Expense 900 Balance c/d $ 80 $ - 900 $ 30-Dec $ 900 Income summary - Balance c/d $ 31-Dec $ 31-Dec 80 Balance c/d $ 4,650 $ Balance c/d Accumulated Depreciation $ 80 4,200 450 Balance c/d $ - Balance c/d $ Balance c/d $ Wages Expense 28-Dec $ 4,200 4,800 $ 11,900 Balance c/d Depreciation Expense 31-Dec $ 80 80 Income sum 90 Balance c/d Prepaid Insurance 1-Dec $ 480 Balance c/d 210 Income sum - Balance c/d $ $ 210 210 $ 450 Balance c/d Balance c/d $ 5-Dec $ ### Income sum 8,550 Account Receivables 16-Dec $ 4,900 $ 2,300 Balance c/d 1-Dec 1-Dec 1-Dec 23-Dec 28-Dec 30-Dec Accounts Payable 23-Dec $ 170 $ 300 4,650 Income summary Dividends 200 200 $ - 200 Retained ea mmary mmary mmary arnings Unadjusted Trial Balance Accounts Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ Credit 8,550 2,600 300 480 4,800 $ $ 10,000 $ $ 130 11,900 200 $ $ 900 4,200 $ 22,030 ### Adjusted Trial Balance Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ Credit 8,550 2,600 90 440 4,800 $ $ $ $ $ $ $ $ $ $ $ $ 80 130 450 10,000 11,900 22,560 $ 22,560 200 900 4,650 40 210 80 Income Statement Statement of Stockholders' Equity Classified Balance Sheet For the month Ended December 31, 20XX For the month Ended December 31, 20XX At December 31, 20XX Service Revenue $ 11,900 Depreciation expense $ Wages expense $ 4,650 Supplies expense $ Rent expense $ Insurance expense $ Net income 6,020 $ 200 Retained earnings 80 $ Less: Dividends Expenses Net income $ 5,820 Assets Liabilities and Stockholders' equity Current Assets: Total liabilities Cash $ 8,550 Prepaid Insurance $ 210 Accounts Receivables $ 900 Supplies $ 90 Current Assets $ 11,680 Longterm Assets Equipment $ 4,800 Less: Accumulated d $ 80 Total Longterm assets $ 4,720 40 $ 5,880 $ Accounts Payable $ 130 440 Wages payable $ 450 2,600 Total liabilities $ 580 Common Stock $ 10,000 Add: Retained earnings $ 5,820 Total equities and liabilities $ 16,400 6,020 Total assets $ 16,400 Stockholders' Equity Required: #1.Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense. 1-Dec Began business by depositing $10000 in a bank account in the name of the company in exchange for 1000 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $900 . 1-Dec Paid the premium on a one-year insurance policy, $480 . 1-Dec Purchased Equipment for $4800 cash. 5-Dec Purchased office supplies from XYZ Company on account, $300 . 15-Dec Provided services to customers for $7000 cash. 16-Dec Provided service to customers ABC Inc. on account, $4900 . 21-Dec Received $2300 cash from ABC Inc., customer on account. 23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 . 28-Dec Paid wages for the period December 1 through December 28, $4200 . 30-Dec Declared and paid dividend to stockholders $200 . #2.Post all of the December transactions from the \"General Journal\" tab to the T-accounts under the \"TAccounts\" tab in the excel template file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts. #3.Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31. #4.Prepare the unadjusted trial balance under the \"Unadjusted Trial Balance\" tab in the excel template file "Accounting Cycle Excel Template.xlsx" . Provide the total of the credit column from the Unadjusted Trial Balance? $22,030 #5. Record the following four transactions as adjusting entries under the \"General Journal\" tab. 31-Dec One month's insurance has been used by the company $40. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $80. 31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $450. #6.Post all of the adjusting entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31. #7.Prepare the adjusted trial balance under the \"Adjusted Trial Balance\" tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx" . Provide the following accounts balances from the Adjusted Trial Balance: Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings (missing on the excel file) #8.Prepare Income Statement, Statement of Stockholder's Equity, and Classified Balance Sheet under the \"Financial Statements\" tab for the month ended December 31, 20XX in the excel template file "Accounting Cycle Excel Template.xlsx". Provide the following amount from the Income Statement: Service Revenue Depreciation Expense Wages Expense Supplies Expense Rent Expense Insurance Expense Net Income Provide the following account balance from the Statement of Stockholders' Equity: Dividends Provide the following account balances from the Balance Sheet: Current Assets Long-Term Assets Total Liabilities Total Stockholder's Equity Cash (missing on the excel file) (missing on the excel file) #9. Record the closing entries under the \"General Journal\" tab. #10. Post all of the closing entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the closing entries have been posted. Provide the ending balance of Cash at December 31 from the T-account Provide the balance of the Retained Earnings T-account after closing entries have been posted. Does the ending balance of the Retained Earnings T-account agree with the balance of Retained Earnings on the Balance Sheet? Check Point: Total Assets $ 16,400.00 Date 12/1/20XX 12/1/20XX 12/1/20XX 12/1/20XX 12/5/20XX 12/15/20XX 12/16/20XX 12/21/20XX 12/23/20XX 12/28/20XX 12/30/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX 12/31/20XX General Journal Description Debit Cash Common stock To record investment by the owner ### Rent Expense Cash To record rent expense paid $ 900 Prepaid Insurance Cash To record insurance premium paid in advance $ 480 Equipment Cash To record purchase of equipment $4,800 Supplies Accounts Payable To record office supplies bought on credit $ 300 Cash Service Revenue To record cash received on service provided ### Accounts Receivables Service revenue To record service revenue earned ### Cash Accounts Receivables To record cash received from customers $2,300 Accounts Payable Cash To record cash paid to suppliers $ 170 Wages expense Cash To record wages payable ### Dividends Cash To record cash dividends $ 200 Insurance expense Prepaid insurance To record expired insurance $ Supplies expense Supplies To record supplies expense $ 210 Depreciation expense Accumulated depreciation To record depreciation expense $ Wages expense Wages Payable To record unpaid wages $ 450 Service Revenue Income Summary To close revenue account ### Income Summary Depreciation expense Wages expense Supplies expense Rent expense Insurance expense To close expenses accounts $5,880 Income Summary Retained earnings To close net income to retained earnings ### Dividends Retained earnings Credit $ 200 ### $ 900 $ 480 $4,800 $ 300 $7,000 $4,900 $2,300 $ 170 $4,200 $ 200 40 $ 40 $ 210 80 $ 80 $ 450 ### $ 80 $4,650 $ 210 $ 900 $ 50 $6,020 $ 200 To close dividends paid to retained earnings 1-Dec $ 15-Dec $ 21-Dec $ $ Balance c/d $ Cash 10,000 $ 900 7,000 $ 480 2,300 $ 4,800 $ 170 $ 4,200 $ 200 19,300 $ 10,750 $ Common Stock Insurance Expense 31-Dec $ 40 5-Dec $ $ $ 10,000 1-Dec 10,000 Balance c/d 130 Balance c/d Balance c/d $ 40 Balance c/d $ 21-Dec Wages Payable $ 450 Dividends Retained Earnings $ 200 $ 6,020 Net income - Supplies Expense 31-Dec $ 210 31-Dec 2,600 $ $ 5,820 Balance c/d Balance c/d $ Balance c/d $ Supplies 300 300 $ Service Revenue $ 7,000 $ 4,900 31-Dec $ 480 $ Balance c/d $ 1-Dec $ 440 1-Dec $ Balance c/d $ $ 15-Dec 16-Dec Balance 40 Equipment 4,800 $ Balance c/d $ Rent Expense 900 Balance c/d $ 80 $ - 900 $ 30-Dec $ 900 Income summary - Balance c/d $ 31-Dec $ 31-Dec 80 Balance c/d $ 4,650 $ Balance c/d Accumulated Depreciation $ 80 4,200 450 Balance c/d $ - Balance c/d $ Balance c/d $ Wages Expense 28-Dec $ 4,200 4,800 $ 11,900 Balance c/d Depreciation Expense 31-Dec $ 80 80 Income sum 90 Balance c/d Prepaid Insurance 1-Dec $ 480 Balance c/d 210 Income sum - Balance c/d $ $ 210 210 $ 450 Balance c/d Balance c/d $ 5-Dec $ ### Income sum 8,550 Account Receivables 16-Dec $ 4,900 $ 2,300 Balance c/d 1-Dec 1-Dec 1-Dec 23-Dec 28-Dec 30-Dec Accounts Payable 23-Dec $ 170 $ 300 4,650 Income summary Dividends 200 200 $ - 200 Retained ea mmary mmary mmary arnings Unadjusted Trial Balance Accounts Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ Credit 8,550 2,600 300 480 4,800 $ $ 10,000 $ $ 130 11,900 200 $ $ 900 4,200 $ 22,030 ### Adjusted Trial Balance Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Debit $ $ $ $ $ Credit 8,550 2,600 90 440 4,800 $ $ $ $ $ $ $ $ $ $ $ $ $ 80 130 450 10,000 11,900 22,560 $ 22,560 200 900 4,650 40 210 80 Income Statement Statement of Stockholders' Equity Classified Balance Sheet For the month Ended December 31, 20XX For the month Ended December 31, 20XX At December 31, 20XX Service Revenue $ 11,900 Depreciation expense $ Wages expense $ 4,650 Supplies expense $ Rent expense $ Insurance expense $ Net income 6,020 $ 200 Retained earnings 80 $ Less: Dividends Expenses Net income $ 5,820 Assets Liabilities and Stockholders' equity Current Assets: Total liabilities Cash $ 8,550 Prepaid Insurance $ 210 Accounts Receivables 900 5,880 $ $ 130 440 Wages payable $ 450 $ 2,600 Total liabilities $ 580 Supplies 40 $ Accounts Payable $ 90 Current Assets $ 11,680 Stockholders' Equity Common Stock $ 10,000 Add: Retained earnings $ 5,820 Total stockholders' equity $ 15,820.00 Total equities and liabilities $ 16,400 6,020 Longterm Assets Equipment $ 4,800 $ 80 Total Longterm assets $ 4,720 Total assets $ 16,400 Less: Accumulated depreciation