Journalize the following transactions and adjustments: 1. On January 1, Acme Company began a dry cleaning business. It received $30,000 for the issuance of Common Stock 2. On January 2, Acme purchased supplies for $ 120 on account. 3. On January 3, Aeme provided service to customers for $4,000 on account. 4. On January 4, a customer from January 3 complained that Acme was unable to get a small stain out. Acme agreed to reduce the bill by $10. 5. On January 5, received $980 from a customer on account. This customer owed $1,000 but paid within the 2/10,n/30 discount period. 6. On February 6, Acme paid Ameren $310 for power used during January 7. On February 7, Acme paid employees $500 for work performed. 8. On February 8, Acme provided service to customers for $2,000 cash. 9. On March 9, Acme paid $600 for rent for the month. 10. On March 10, Acme received $2,000 from customers on account. None of these payments were within the discount period. 11. On April 11, Acme borrowed $10,000 from the bank at 10% interest; interest and principal are due next in one year. 12. On May 12, Acme purchased equipment for $8,000 cash. 13. On June 13, Acme established a petty cash fund for $200. 14. On July 14, Acme replenished the petty cash fund for $100; $60 was for delivery costs and S40 was for postage. 15. On December 31, Acme recorded depreciation of $700. 16. On December 31, Acme recorded the interest incurred, but not paid, for the loan from April 11. 17. On December 31, Acme recorded an adjustment to reflect that the supplies on hand totaled $56. 18. On December 31, Acme recorded an adjustment to estimate $780 owed from customers will never be collected The following are the 13 steps in the accounting cycle in an incorrect order. Place a #1 next to the first step, #2 in the second, and so on. Step Description Prepare a Satement of Stockholder's Equity Prepare a Post-closing Trial Balance Prepare a Balance Sheet Post the closing entries into accounts Record journaline transactions in the Journal Record (oumalize closing entries in the Journal Prepare an Adjusted Trial Balance Prepare a Statement of Cash Flow Post transactions into the accounts Prepare an Income Statement Post adjusting entries into the accounts Prepare a Trial Balance Record Gourmalize) adjusting entries in the formal Name the three components of the fraud triangle. a. b. c. What is internal control? Name an important feature of a good internal control system. Complete a bank reconciliation and the necessary journal entries for the following company, On August 31, 2021, Bugs Company's cash T account shows a balance of $8,290. A deposit of $3,025 was recorded by Bugs. but the bank has not yet recorded it. Checks in the amount of $1.485 were written but have not cleared the bank. The Bank statement shows a balance of $11.620. The Bank statement also indicated service charges of S150. Bugs discovered a bank error of $5,320. That amount was supposed to be deposited into the Scrubs Co. account, but was placed in Bugs Co. account by mistake. Also, Bugs was notified by the bank that a customer's check for $300 was returned due to non-sufficient funds. 1.000 Warner Corp. had the following Adjusted Trial Balance after its first year of operation. Account Debit Credit 15.000 Accounts Receivable 23.000 Allowance for Uncollectible Accounts 3.000 Supplies Equipement 20.000 Accumulated Depreciation 500 Accounts Payable 4.000 Commen Stock 45.500 Retained Earnings Service Revenue 17.000 Salaries Expense 6.000 Depreciation Expense 300 Bad Debts Expense 3.000 Dividends 1.500 Prepare an Income Statement, Statement of Stockholder's Equity, and Balance Sheet for Warner Corp. Record the Closing entries for Warner Corp. at year end. Date Account Title Debit Credit