illan's Gems is starting a new jewelry company on January 1, 2019 Analyze the following transactions, record them in a journal, post to the ledger and prepare a Trial Balance a. Gill ian starts her new Jewelry business with an investment of $75,000 in cash in exchange for Common Stock Gillian purchases a building for $140,000. She pays cash deposit of $35,000 and the remainder is financed by a long term Mortgage Payable c. Gillian's Gems borrows s130,000 from the Bank of New York on a Bank Payable d. Company purchases $45,000 of Equipment on Account Payable. e. Company earns revenue of S55,000. on account f Company purchases supplies $9,500 for cash g. Gillian pays rent for the month $5,000 h. Customers pay Gillian $40,000 on account i. Gillian declares and pays a $7,000 dividend ACCOUNTS: Cash, Accounts Receivable, Supplies, Equipment, Building, Bank Loan Payable, Mortgage Payable, Accounts Payable, Common Stock, Dividend, Revenue, Rent Expense. 3. Listed below is a partial Trial Balance of Glenn's Go Cars for Dec 31, 2019 $3,500 $23,400 Supplies Office Equipment Accumulated Depreciation-Office Equipment$1,600 Prepaid Insurance Unearned Revenue Service Revenue Accounts Receivable $6,000 $ 4,500 $55,000 $12,000 $80,000 Long Term Notes Payable Additional Data: a. Depreciation on the office equipment for the year is $900. b. Salaries owed to employees at year-end, but not yet paid, employees earm S2,000 per week and Dec 31st 2019 is on a Tuesday (2 Days). c. Prepaid Insurance was paid on Oct 1,2019 for 6 months, what is the bosol insurance used up at Dec 31, 2019 (3 Months) dInterest of S15,000 on the note payable is currently unpaid. e. Unearned Revenue of $900 has been earned f. Service revenue earned at year end, but not yet billed amounts to $4,700 g. Supplies on-hand at year end is $975. ( 1515 Required: Record the ADJUSTING journal entries