I really could use help with this assignment. That includes the adjusted trial balance, unadjusted trial balance, post-closing trial balance, statement of returned earnings, income statement, and Balance Sheet. Thank you!

You must enable macros in order fo Please visit the Microsoft Office Support sit Contact the World Campus Helpdesk s in order for this assignment to function. e Support site for documentation and instructions. us Helpdesk if you continue to have trouble. s. Comprehensive Problem Number 1 Charles Sepia is a photographer who has started his own photography business. Charles has decided Sepia Photography. Charles has hired you to provide accounting services for his company. The transa business along with the information needed to prepare the adjusting entries on December 31, 2018 are The following transaction occurred in December 1. On December 1 our company issued 10,000 shares of common stock to C. Sepia in exchange for c 2. On December 1, we purchased photography equipment for cash. The photography equipment cost: 3. On December 1, we prepaid 2 month's rent for our studio. The amount prepaid is: 4. On December 4, we received a deposit from Kim Jong and Vince Molinaro for their June wedding: 5. On December 9 we received a deposit from Edward Taylor for a late December photo shoot: 6. On December 12 we purchased photgraphy supplies (paper etc.) on account for: 7. On December 15, we performed photography services for a local church and billed the client: 8. On December 18, we received our electric bill (utilities). Payment is due on January 18: 9. On December 28, we paid part of the amount due on account from the December 12 transacation: 10. On December 30, we paid our staff assistant's salary for December. The amount paid is: 11. On December 30, we paid a cash dividend. The amount paid is: Prepare the following adjusting entires 1. The photography equipment was purchased December 1 has an expected useful life is 3 years, the Calculate the depreciation for the month of December. Round amount to two decimal places. 2. Rent expired during December 3. Revenue earned from photo shoot for Edward Taylor. Service was completed late in December 7. Photography Supplies on hand on December 31 totaled: Required: 1. Record the transactions for December 1 through December 31 in the General Jounral using the account name 2. Post the entries to the t-accounts. (please read the note on t-account balances in the instructions) 3. Prepare an unadjusted trial balance on December 31, 2018 4. Record the adjusting entries in the General Journal 5. Post the adjusting entries to the t-accounts (please read the note on t-account balances in the instructions) 6. Prepare an adjusted trial balance on December 31, 2018 7. Record the closing entries on December 31, 2018 in the General journal 8. Post the closing entries to the t-accounts (please read the note on t-account balances in the instructions) 9. Prepare a post closing trial balance on December 31, 2018 10. Prepare an income statement for the month ending December 31, 2018 11. Prepare a statement of retained earnings for the month ending December 31, 2018 12. Preapre a balance sheet as of December 31, 2018 Use the area b (*Note: Your instructor m Genera blem Number 1 business. Charles has decided to incorporate under the name es for his company. The transactions for the first month in ries on December 31, 2018 are shown below: ed in December k to C. Sepia in exchange for cash : e photography equipment cost: nt prepaid is: linaro for their June wedding: December photo shoot: account for: rch and billed the client: ue on January 18: e December 12 transacation: The amount paid is: ng entires Amount 20,792.00 14,935.00 2,137.00 1,199.00 1,896.00 227.00 3,033.00 245.00 91.00 806.00 718.00 Date Dec 1 E-1 Accoun Cash Dec 1 E-2 Equipment Dec 1 E-3 Prepaid rent Dec 4 E-4 Cash Dec 9 E-5 Cash Dec 12 E-6 Photography supplies Dec 15 E-7 Accounts receivable Dec 18 E-8 Utilities expense Dec 28 E-9 Accounts payable Amount ected useful life is 3 years, the residual value is $0. Student Calc o two decimal places. Student Calc Student Calc mpleted late in December 88.00 Dec 30 E-10 Wages expense al Jounral using the account names listed in the chart of account: ces in the instructions) Dec 30 E-11 Dividends unt balances in the instructions) Adjusting e Dec 31 AJE1 Depreciation expense balances in the instructions) 31, 2018 Dec 31 AJE2 Rent expense Dec 31 AJE3 Unearned revenue Dec 31 AJE4 Supplies expense Closing en Dec 31 CE1 Photography revenue Dec 31 CE2 Income summary Dec 31 CE3 Income summary Dec 31 CE4 Retained earnings Use the area below to show your work and calculations. (*Note: Your instructor may use this area to help review and resolve any incorrect answers) General Journal (journal) Accounts Cash Debit 20,792.00 Common stock 20,792.00 Equipment Cash 14,935.00 Prepaid rent Cash 2,137.00 Cash 1,199.00 14,935.00 2,137.00 Unearned revenue Cash Credit 1,199.00 1,896.00 Unearned revenue Photography supplies Accounts payable 1,896.00 227.00 227.00 Accounts receivable Service revenue 3,033.00 Utilities expense Utilities payable 245.00 Accounts payable Cash 3,033.00 245.00 91.00 91.00 Wages expense Cash 806.00 Dividends Cash 718.00 Adjusting entries Depreciation expense Accumulated depreciation - equipment Rent expense Prepaid rent 806.00 718.00 414.86 414.86 1,068.50 1,068.50 Unearned revenue Service revenue 1,896.00 1,896.00 Supplies expense Photography supplies 139.00 139.00 Closing entires Photography revenue Income summary 4,929.00 Income summary Salaries expense Utilities expense Rent expense Depreciation expense Supplies expense 2,673.36 Income summary Retained earnings 2,255.64 Retained earnings Dividends calculations. ny incorrect answers) 4,929.00 806.00 245.00 1,068.50 414.86 139.00 2,255.64 718.00 718.00 Ledger accounts (T-accounts) Date 1st Dec 1st Dec 1st Dec 4th Dec 9th Dec 28th Dec 30th Dec 30th Dec Balance Date 15th Dec Balance Date 1st Dec 31st Dec Balance Date 12th Dec 31st Dec Balance Date 1st Dec Cash Debit 20,792.00 Credit 14,935.00 2,137.00 1,199.00 1,896.00 5,200.00 Date Dec 18th Utilities Payable Debit Balance Credit 3,033.00 Prepaid Rent Debit 2,137.00 91.00 Balance 91.00 806.00 718.00 Accounts Receivable Debit 3,033.00 Date 12th Dec 28th dec Accounts Payable Debit Credit Date 4th Dec 9th Dec Bal Before AE 31st Dec Balance Unearned Revenue Debit 1,896.00 1,068.50 1,068.50 Photography Supplies Debit 227.00 Date 1st Dec Credit Common Stock Debit Balance 139.00 88.00 Photography Equipment Debit 14,935.00 Date 31st dec 31st dec Credit Balance Date Dividends Debit 718.00 0.00 Retained Earnings Debit Balance 14,935.00 31st Dec 31st Dec Balance Accumulated Depreciation, Photography Equipment Date Debit Credit 31st Dec 414.86 Balance 414.86 Date 15th Dec 31st Dec 31st dec Balance Date 30th Dec 31st Dec Balance Date 31st dec 31st dec 31st dec Balance Income Summary Debit 2,673.36 2,255.64 0.00 Credit 4,929.00 Date 28th dec 31st Dec Balance Date 31st Dec 31st Dec Balance 718.00 Photography Revenue Debit 4,929.00 0.00 Salaries Expense Debit 806.00 0.00 Utilities Expense Debit 245.00 0.00 Rent Expense Debit 1,068.50 0.00 Depreciation Expense, Photography Equipment Date Debit 31st Dec 414.86 31st Dec Balance 0.00 Photography Supplies Expense Date Debit 31st Dec 139.00 31st Dec Balance 0.00 Sepia Photography Unadjusted Trial Balance For Month ended, December 31, 2017 unts Payable Credit 227.00 Accounts Debit 136.00 ties Payable Credit 245.00 245.00 ned Revenue Total Credit 1,199.00 1,896.00 3,095.00 0.00 Sepia Photography Adjusted Trial Balance For Month ended, December 31, 2017 1,199.00 Accounts Debit mmon Stock Credit 20,792.00 20,792.00 ividends Credit 718.00 ned Earnings Credit Total 0.00 2,255.64 1,537.64 Sepia Photography Post-Closing Trial Balance For Month ended, December 31, 2017 raphy Revenue Credit 3,033.00 1,896.00 ries Expense Credit 806.00 ties Expense Credit 245.00 nt Expense Credit 1,068.50 se, Photography Equipment Credit 414.86 Accounts Cash Accounts receivbale Prepaid rent Photogrpahy supplies Photography equipment Accounts payable Utilities payable Unearned revenue Common stock Retained earnings Accumulated depreciation Total Debit 0.00 0.00 0.00 0.00 0.00 0.00 y Supplies Expense Credit 139.00 017 Sepia Photography Income Statement For Month ended, December 31, 2017 Credit Revenue: Expenses: Total Expenses Net Income 0.00 0.00 0.00 Sepia Photography Statement of Retained Earnings For Month ended, December 31, 2017 017 0.00 Credit 0.00 0.00 0.00 27,715.86 017 Credit 0.00 0.00 0.00 0.00 0.00 0.00 24,324.50 Sepia Photography Balance Sheet December 31, 2017 Assets Current Assets Total Current Assets Property, Plant and Equipment Total Property, Plant and Equipment Total assets Liabilities Current Liabilities Stockholders' Equity Total Stockholders' Equity Total liabilties and stockholders' equity