in cash As of Jan 1, 2021. Mr.Lee decided to open a chicken rice restaurant in Hong Kong. The business will be known as Yumery Chicken Rice Shop. During Jaruary. Yuruy Chicken Rice Shop entered into the following transactions 1 On Jan 15. Mr. Lee invested RMB 80.000 cash into the business. 2. On Jan Z". Yummy Chicken Rice Shop paid six months' rent on a shop at Times Square for RMB 60.000. The payment was made in cash. 3. On Jan 5". Yummy Chicken Rice Shop bought a casualty insurance for RMB 3,000. The insurance would cover the coming 6 months. The payment was made 4. On Jan 6". Yummy Chicken Rice Shop purchased office equipment on account for RMB 10,000. The equipment could be used for 10 months 5. On Jan 11", Yummy Chicken Rice Shop paid cash for an advertisement published on Hong Kong Daily for RMB 1.000. 6. On Jan 15, Yummy Chicken Rice Shop sent chicken rices to an annual meeting hosted at Hong Kong University of Science and Technology. The service was provided on account for RMB 15,000 7. On Jan 20". Yummy Chicken Rice Shop paid China Bank RMB 5,000 for part of the debt incurred on Jan 6 & On Jan 20". Yummy Chicken Rice Shop bought new supplies for RMB 8.000 in cash 9. On Jan 21". Yummy Chicken Rice Shop received the payment of RMB 15,000 on credit made by Hong Kong University of Science and Technology 10. On Jan.22", Mr. Lee withdrew RMB 15,000 for personal use. 11. On Jan 30", Yummy Chicken Rice Shop recorded all chicken rice delivery service it provided in January. The total fees eamed were RMB 15.000 in cash. 12. On Jan 31". Yummy Chicken Rice Shop paid telephone bill and electricity bill for January. They totaled RMB 250 The payment was made in cash. Step 1 Analyzing and Recording Transactions in the journal Step 2 Posting transactions to the ledger Step 3 Preparing an unadjusted trial balance Step 4 Preparing a worksheet The following data have been assembled on jan 31", 2016 for analysis of possible adjustments for Yummy Chicken Rice Shop 1. 1/6 of insurance expired during January 2. Supplies on hand on Jan. 31" were RMB 6,000 2. Depreciation of office equipment for January was RMB 1,000 4. One month rent expired in January 5. The wages of waiters were deemed to be paid by the beginning of February. The total wages waiting to be paid were RMB 12,000 a in January, 10 customers bought chicken rice's VIP cards for RMB 5,000 in total which could be identified as unearned revenue. Step 5 Assembling and journalizing adjusting entries. Step 6 Posting adjusting entries Step 7 Preparing an adjusted trail balance Step 8 Preparing the financial statements (Statement of Cash Flow not included) Step 9 Journaling and posting closing entries Step 10 Preparing a post-closing trail balance Ladused Trial bancs Ende Period Spreadsheet For the Month indest la 113,7021 Adised Trillance Income Statement IN C D CT Posten Trial El bancs Adiments Ibang Sheet D DX DE Account Cash MR Supplies Prepaid Real Preparing Opment Accumulated Depreciation NP Uncamedes Wees Payable Cart nes Drew Feex eamed e pense Solis Dennect.ee Hent En We M Mechcemente Total Netcome