just t ledger please

Following are selected accounting transactions for the month of December along with certain accounting adjustments necessary for ACME Distribution, Inc. as of December 31, 2021. The company is a distributor of various games and toys. You are the accountant for the company and need to record the journal entries for the selected December transactions and necessary adjusting joumal entries prior to preparing the year-end financial statements. Step 1: Read the selected December transactions and prepare the necessary journal entries using the account descriptions from the general ledger and then post the entries to the appropriate general ledger T-accounts. After posting all of the journal entries, calculate the December ending balance for each general ledger T-account and note the ending balance at the bottom of each T-account. Next carry each general T-account balance to the appropriate debit or credit unadjusted balance columns on the trial balance. Total these columns and make sure the totals agree. Enter the column totals on the total line. Step 2 Read the situations requiring a year-end adjustment on the adjusting entries page. Complete any necessary calculations for each situation. Please be sure to round all amounts to the nearest dollar. Then complete the required adjusting journal entries for each situation using the account names from the general ledger. Each adjusting entry should then be posted directly to the trial balance in the appropriate debit and credit columns noted for adjusting entries. Total the debit and credit adjustment columns and make sure the totals agree. Enter the column totals on the total line. Step 3. Complete the adjusted trial balance columns and then total each column making sure the debit and credit column totals agree. Enter the column totals on the total line. After completing the adjusted trial balance columns prepare the 2021 information for the income statement and statement of stockholders equity for the year 2021 and the balance sheet as of December 31,2021 in the comparative financial statements. Step 4 After completing the financial statements prepare the appropiate closing journal entries using the account names from the general ledger. Each closing entry should then be be posted directly to the trial balance in the appropriate debit and credit columns noted for the closing entries. Total the debit and credit column totals for the closing entries and be sure that the totals agree. Then complete the post closing trlal balance debit and credit columns Tolal these two columns and be sure the totals agree. Enter the column totals on the totai line. Chart of Accounts Cash Accounts Receivable Allowance for Bad Debts Inventory Supplies Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation-Office Equipment Warehouse Equipment Accumulated Depreciation-Warehouse Equipment Accounts Payable Bond Payable Salaries Payable Interest Payable Dividends Payable Unearned revenue Common Stock Additional Paid-In Capital-Common Stock Retained Earnings Dividends Sales Sales Discounts Sales Returns \& Allowance Cost of Goods Sold Depreciation Expense. Office Equipment Depreciation Expense-Warehouse Equipment Bad Debt Expense Salaries Expense Insurance Expense Rent Expense Interest Expense Advortising Expense Utilities Expense Income Summarv December 31,2021 Selected Transactions Read through the information below for selected transactions during the month of December, 2021 and prepare the required jounal entry to record the transaction. Post each of the entries below to the general ledger T-accounts attached. On December 5 , ACluE purchased $56,250 of merchandise on account from Indlana Corp terms 2/10,n/30 Sold Merchandise for $5,000 to Lee Corp on account on December 9 . Cost of the merchandise was $3,390 and the terms of the sale were 1/15, n/30. 3) On December 14. AcME wrote a check to indiana Corp for the purchase made on December 5 to take advantage of the purchase discount. 4) On December 15 , Lee Corp requested credit for $500 of defective merchandise included in their December 9 purchase. We granted them an allowance and they disposed of the defective merchandise at our request. 5) Lee corp paid their balance due on December 19 , taking the sales discount offered ACME Distribution, Inc. December 31,2021 Selected Transactions December 20 ACME issued 50 shares of $10 par stock for $31 per share for cash. Prepare the fournal entry to record the issuance of stock below. ACME purchased suppiles for $1,350 cash on December 21 On December 21 ACME receved $1,700 in cash as an advance payment for merchandise to be delivered next month. On December 23 ACME paid in cash the December unaty bill of $1,650 10) On December 23, 2021 the board of directors declared a dividend of \$13 per share on its 170 issued and outstanding shares to shareholders of record on January 16, 2022 and payable on February 16, 2022 (Note that the company uses a dividends generat ledger account to record its dividend payments during the year rather than recording ine dividends directly to retained eamings. Be sure to use that accountl) 11) On December 28 ACME paia their employees $4.225 for the pay period ending December 23 The salary expense has already been accrued into salaries payable. Following are selected accounting transactions for the month of December along with certain accounting adjustments necessary for ACME Distribution, Inc. as of December 31, 2021. The company is a distributor of various games and toys. You are the accountant for the company and need to record the journal entries for the selected December transactions and necessary adjusting joumal entries prior to preparing the year-end financial statements. Step 1: Read the selected December transactions and prepare the necessary journal entries using the account descriptions from the general ledger and then post the entries to the appropriate general ledger T-accounts. After posting all of the journal entries, calculate the December ending balance for each general ledger T-account and note the ending balance at the bottom of each T-account. Next carry each general T-account balance to the appropriate debit or credit unadjusted balance columns on the trial balance. Total these columns and make sure the totals agree. Enter the column totals on the total line. Step 2 Read the situations requiring a year-end adjustment on the adjusting entries page. Complete any necessary calculations for each situation. Please be sure to round all amounts to the nearest dollar. Then complete the required adjusting journal entries for each situation using the account names from the general ledger. Each adjusting entry should then be posted directly to the trial balance in the appropriate debit and credit columns noted for adjusting entries. Total the debit and credit adjustment columns and make sure the totals agree. Enter the column totals on the total line. Step 3. Complete the adjusted trial balance columns and then total each column making sure the debit and credit column totals agree. Enter the column totals on the total line. After completing the adjusted trial balance columns prepare the 2021 information for the income statement and statement of stockholders equity for the year 2021 and the balance sheet as of December 31,2021 in the comparative financial statements. Step 4 After completing the financial statements prepare the appropiate closing journal entries using the account names from the general ledger. Each closing entry should then be be posted directly to the trial balance in the appropriate debit and credit columns noted for the closing entries. Total the debit and credit column totals for the closing entries and be sure that the totals agree. Then complete the post closing trlal balance debit and credit columns Tolal these two columns and be sure the totals agree. Enter the column totals on the totai line. Chart of Accounts Cash Accounts Receivable Allowance for Bad Debts Inventory Supplies Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation-Office Equipment Warehouse Equipment Accumulated Depreciation-Warehouse Equipment Accounts Payable Bond Payable Salaries Payable Interest Payable Dividends Payable Unearned revenue Common Stock Additional Paid-In Capital-Common Stock Retained Earnings Dividends Sales Sales Discounts Sales Returns \& Allowance Cost of Goods Sold Depreciation Expense. Office Equipment Depreciation Expense-Warehouse Equipment Bad Debt Expense Salaries Expense Insurance Expense Rent Expense Interest Expense Advortising Expense Utilities Expense Income Summarv December 31,2021 Selected Transactions Read through the information below for selected transactions during the month of December, 2021 and prepare the required jounal entry to record the transaction. Post each of the entries below to the general ledger T-accounts attached. On December 5 , ACluE purchased $56,250 of merchandise on account from Indlana Corp terms 2/10,n/30 Sold Merchandise for $5,000 to Lee Corp on account on December 9 . Cost of the merchandise was $3,390 and the terms of the sale were 1/15, n/30. 3) On December 14. AcME wrote a check to indiana Corp for the purchase made on December 5 to take advantage of the purchase discount. 4) On December 15 , Lee Corp requested credit for $500 of defective merchandise included in their December 9 purchase. We granted them an allowance and they disposed of the defective merchandise at our request. 5) Lee corp paid their balance due on December 19 , taking the sales discount offered ACME Distribution, Inc. December 31,2021 Selected Transactions December 20 ACME issued 50 shares of $10 par stock for $31 per share for cash. Prepare the fournal entry to record the issuance of stock below. ACME purchased suppiles for $1,350 cash on December 21 On December 21 ACME receved $1,700 in cash as an advance payment for merchandise to be delivered next month. On December 23 ACME paid in cash the December unaty bill of $1,650 10) On December 23, 2021 the board of directors declared a dividend of \$13 per share on its 170 issued and outstanding shares to shareholders of record on January 16, 2022 and payable on February 16, 2022 (Note that the company uses a dividends generat ledger account to record its dividend payments during the year rather than recording ine dividends directly to retained eamings. Be sure to use that accountl) 11) On December 28 ACME paia their employees $4.225 for the pay period ending December 23 The salary expense has already been accrued into salaries payable