Instructions $1.$ The chart of accounts and the post$-$closing trial balance as of September $30,2023$ are given. For each account in the post$-$closing trial balance, enter the balance in the appropriate Balance column of the General Ledger. Date the balances October $1,2023,$ and place a check mark $()$ in the Posting Reference column. Journalize each of the October transactions in the journal provided using Target Company$$s chart of accounts. $($Do not insert the account numbers in the journal at this time$).2.$ Post the journal to the ledger. $($Remember to enter Post References$)3.$ Prepare an unadjusted trial balance. $4.$ At the end of October, the following adjustment data was assembled. Use the data to complete instructions $(5)$ and $(6)$: $$ Supplies on hand were $$2,000$ Rent expired during the month $$1,800$ Unearned fees at the end of the month was $$2,500$ Insurance expired during the month was $$450$ Accrued salaries payable were $$320$ Depreciation on equipment during the month was $$4755.$ Optional: Enter the unadjusted trial balance on an end$-$of$-$period spreadsheet$/$worksheet and complete the worksheet as you continue with the project. $6.$ Journalize and post adjusting entries. $7.$ Prepare an adjusted trial balance. $8.$ Create the closing journal entries and post them to the ledgers. Indicate closed accounts in the ledger by inserting a line in both of the Balance columns opposite each closing entry. $9.$ Prepare an Income Statement, Statement of Owner$$s Equity, and Balance Sheet. $($Remember to use correct headings$)10.$ Prepare the post$-$closing trial balance for October $31,2023.$

Comprehensive Problem Aug $2023$ Target: Chart of Accounts

$11$ Cash

$12$ Accounts Receivable

$14$ Supplies

$15$ Prepaid Rent

$16$ Prepaid Insurance

$18$ Office Equipment

$19$ Accumulated Depreciation

$21$ Accounts Payable

$22$ Salaries Payable

$23$ Unearned Fees

$31$ Target, Capital

$32$ Target, Drawing

$41$ Fees Earned

$51$ Salary Expense

$52$ Rent Expense

$53$ Supplies Expense

$54$ Depreciation Expense

$55$ Insurance Expense

$59$ Miscellaneous Expense

Comprehensive Problem

Target Co$.$

Post Closing Trial Balance

September $30,2023$

$\backslash$begin$\{$tabular$\}\{$lrr$\}$

Cash & $21,300$ & $\backslash \backslash$

Acco

Comprehensive Problem

Aug $2023$ Target had the following transactions occurred in October $2023$:

Oct $1$ Received $$8,800$ cash for fees earned for jobs completed.

$1$ Received cash from clients on account, $$1,250.$

$2$ Paid three months$$ rent on a lease on storage unit, $$5,400.$

$2$ Paid September electricity bill, $$775.$

$5$ Purchased supplies on account, $$3,250.$

$6$ Paid $$1,600$ technician salary, including the amount owed at the end of September.

$8$ Billed customers for services provided on account $$9,200.$

$9$ Paid $$3,000$ on account.

$10$ Paid cash for advertising $$350.$

$12$ Received cash from customers as an advance payment for services to be provided in the future and recorded as unearned fees, $$8,000.$

$14$ Received cash from customers on account, $$2,500.$

$17$ Paid cash for supplies, $$275.$

$19$ Billed customers for services provided on account, $$5,800$

$20$ Paid technician salary, $$1,600.$

$24$ Received $$22,500$ cash for fees earned for jobs completed.

$25$ Paid phone bill for the month, $$620.$

$26$ Received cash from customers on account, $$12,000.$

$28$ Billed customers for services provided on account, $$9,750.$

$31$ T$.$ Arget withdrew $$4,500$ for personal use.

$31$ Purchased new office equipment for $$6,400$ paying $$1,400$ cash and the remainder on account.