Johns House Painting Company has the following transactions for the year 1. December 1 Issued capital stock for $100,000 to start a house painting business. 2. December 1 - Paid one year insurance premium costing $4,800. 3. December 1 - Paid gas expense $200. 4. December 1 - Purchased equipment costing $4,800 on credit. 5. December 12 - Purchased supplies costing $800 on credit. 6. December 18 - Painted three houses totaling $12,000 and billed customers. 7. December 23 - Painted three rooms and billed customers $500. 8. December 28 - Received $2,000 for houses painted in #6. 9. December 31 - Paid for equipment purchased in #4. 10. December 31 - Received $1,000 for a job to paint a house in January next year. 11. December 31 - Paid a $1,000 dividend. Required: 1. Prepare journal entries for the above transactions. 2. Post the above transactions to T Accounts. 3. Prepare a Trial Balance. 4. Prepare adjusting entries in journal format and post to T Accounts. Supplies on Hand December 31 was $400. The Equipment is to be depreciated over 48 months starting with December. (HINT; Record one month depreciation expense). Wages owed but not paid on December 31 was $200. One month of insurance has expired. 5. Prepare an Adjusted Trial Balance. 6. Prepare an Income Statement, Statement of Retained Earnings and a Balance Sheet. 7. Prepare closing entries in journal format and post to the T Accounts. 8. Prepare a Post-Closing Trial Balance