lisa started her own consulting firm, lisa consultant co on DEC 1,2019. drawing December, following transaction is completed.

1. journalize December transaction

2.prepare a Trail balance @ december 31

3. Referring to The following information, journalize Adjusting entries for the month of December, And prepare the adjusting trials balance @ December 31

4. Prepare to adjusted trial balance @ december 31

Introductory Financial Accounting Individual Assignment (Deadline: 21 Oct 2020 (Wed)12:00 noon) La started her own resulting firm, Liss Coules Coon Dec 1, 2019. During December, the following actions were completed Dee Shareholders invested $16.000 in the business in exchange for ordinary shares 4 Paja 2.00 h on one year insurance policy effective Deel. 3Pored supplies for $1,500 on account. 6 Plised equipment for $12,000, puying $7,000 sash down payment and issued a 3 month 6% note payable for the remaining balance. 10 Received $2,600 cash from a customer, in adibide for the consulting services to be performed later. 12 Billed other customers 54.780 for construction services performed, receiving $1,000 cash with the rest on account 15 Paid $3,000 for employee salaries. 21 Collected from customers billed on Dec 12 in full. 24 Billed customers 54,000 for construction services performed. 27 Paid $1,000 for Dee's rent expense. 29 Paid the amount owed for supplies purchased on Dec. 31 Declared and paid dividend of 5400 The chart of accounts for Lisa Consulting Co contains the following accounts: Cash Accounts Receivable Supplies Hoe Prepaid Insurance Equipment Accounts Payable Notes Payable Uneamed Service Salaries Payable Revenue FX 1920 Income Tax Payable Interest Payable Accumulated Depreciation - Equipment Share Capital-Ordinary Service Revenue Rent Expense 42 Salaries Expense La Supplies Expense 3 Depreciation Expenses Insurance Expense to Utilities Expense Interest Expense SUA Income Tax Expense Dividends : 44 Instructions (a) Journalize the December transactions. (b) Prepare a trial balance at December 31. 3/3 (c) Refer to the following information, journalize adjusting entries for the month of December 2019 and prepare the adjusted trial balance at December 31: 1. $1,000 of supplies are counted as at December 31 2. Utilities expense incurred but not paid on Dec 31, 2019, 8200. 3. The insurance policy is for 1 year 4. $1,000 of the balance in the Uncamed Service Revenue account remains uneared at the end of the month. S. Salaries for Dec 2019 not yet paid to employees totaled $400. 6. The equipment has a 10-year life with no residual value. 7. Invoices representing $1,100 of services performed during the month have not been recorded as of Dec 31. 8. Interest for the 3 month notes payable is not yet recorded. 9. The company's CPA estimates that income taxes expense for December is 5900. (d) Prepare the adjusted trial balance at December 31, 2019. 2/3