Maflouf Pet & Spa Services ACC 2010: Accounting Cycle Review Maflouf Pet & Spa Services provide luxury grooming and boarding for pets. Maflouf Pet & Spa Services incurred the following financial transactions in Its first month of operations, August 1, 2021 - August 31, 2021. Complete the following tasks: A. Post the transactions to the general journal, T-account ledger, and trial balance sheet. B. After posting adjusting entries, prepare an adjusted trial balance and financial statements (income statement, statement of retained earings, and balance sheet). C. Prepare closing entries, post the closing entries, and prepare a post-closing trial balance. TRANSACTIONS 1. Issued common stock to investors in exchange for $15,000 cash on August 1, 2021. 2. Borrowed $7,000 from a bank loan to start up the business on August 1, 2021. 3. Paid $4,500 for grooming equipment August 3, 2021. 4. Paid $500 for office supplies on August 4,2021. 5. Incurred marketing expense of $555 on account to promote Maflouf Pet & Spa Services on August 5, 2021. 6. Recelved $220 for boarding a client's golden retriever for 5 days of the week on August 12, 2021. 7. Received $150 for grooming two dachshunds on August 13, 2021. 8. Received prepayment of $600 cash deposit from customers on August 17, 2021. to board their pups for two full weeks. The two-week period is the last week of August and first week of September 9. Paid wages of $400 on August 23, 2021. 10. Paid utilities expense of $245 on August 23, 2021. 11. Groomed a show poodle and got paid $500 on August 23, 2021. ADJUSTING ENTRIES 12. Provided $300 of services for customer in #8 for their first week of boarding from August 24-31, 2021 (item #9 above). 13. Recorded interest expense of $70 on loan on August 31, 2021. Payment is due of September 10, 2021. 14. Used offices supplies from #4 totaling $85 on August 31, 2021. 15. Incurred 5% depreciation expense on grooming equipment on August 31, 2021