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INSTRUCTIONS: begin{tabular}{|l|l|} hline Part A: & Start the general journal with the opening entry. Use the entries in the Balance Sheet above as your opening
INSTRUCTIONS: \begin{tabular}{|l|l|} \hline Part A: & Start the general journal with the opening entry. Use the entries in the Balance Sheet above as your opening entries. (K\&U, T, A, C, /10) \\ \hline Part B: & Journalise the transactions for December in the general journal (K&U,T,A,C,/10) \\ \hline Part C: & Post transactions in the t-accounts located in the ledger (K&T,T,A,C,/10) \\ \hline Part D: & Calculate the ending balances for all T-accounts (K&U,T,A,C,/10) \\ \hline Part E: & Check accuracy of your ledger by creating a trial balance (K&U,T,A,C,/10) \\ \hline Part F: & Create the updated Income Statement for December (K\&U, T, A, C, /10) \\ \hline Part G: & Create the updated Balance Sheet at the end of December (K&C,T,A,C,/10) \\ \hline \end{tabular} SOKS Supreme Balance Sheet December 1st 2022 Transactions for December: Dec. 2: SOKS Supreme paid $50 cash for automobile expenses. Dec. 3: Paid $1,000 cash to Dalmatian Supplies to reduce the amount owing Dec. 4: SOKS Supreme owners withdrew $250 cash for personal use Dec. 5: Received a bill to be paid later for monthly rent $2000, \$250 for heat and hydro Dec. 6: Received cash, $900, for the sale of high quality socks. Dec. 7: Paid $75 cash for the month's blackberry charges Dec. 8: The car broke down after the second repair, so he sold it to the scrap yard for $5,000 Dec. 9: Ladies of the business had a strong desire to buy a new pink van but Kevin was not so inclined, so they all settled on a simple Green Sienna Toyota's van costing $10,000 Dec. 10: Paid employees monthly wages of $200. Dec. 11: Cash sales amounted to $25,000 and these were the sales revenues for the month
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