Matthew$$s Automotive, Inc. provides automobile repair services. The company began operations on December $1,2022,$ and engaged in the following transactions during the month of December. Dec. $1$ Issued $1,000$ shares of capital stock to Matthew in exchange for $$80,000$ cash. Dec. $1$ Paid $$18,000$ as advance rent for the use of a building for the $6-$month period from December $1,2022,$ through May $31,2023.$ Dec. $3$ Purchased equipment from Mike$$s Machines at a cost of $$25,000.$ Made a $$10,000$ cash down payment and issued a $90-$day, non$-$interest$-$bearing note payable for the remaining balance. Dec. $3$ Purchased an insurance policy covering the month of December at a cost of $$425$ cash. Dec. $4$ Purchased various shop supplies from Accelerated Auto Parts. The cost was $$1,700,$ payable within $30$ days. The shop supplies are expected to last several months. Dec. $5$ Performed automobile repair services for a customer in exchange for $$7,000$ cash. Dec. $12$ Purchased television advertising from WSB to be aired in December. The cost was $$675$ cash. Dec. $15$ Entered into a contract to provide maintenance services to a customer, Linda$$s Lifts, for the $30-$ day period from December $15,2022,$ through January $15,2023.$ Linda$$s paid the entire amount owed of $$9,000$ in advance, on December $15.$ Dec. $17$ Billed Charlie$$s Cab Co$.$ $$13,000$ for automobile repair services performed during December. The entire amount is due within $60$ days. Dec. $18$ Paid employees$$ wages earned during the first half of December of $$11,500.$ Dec. $23$ Declared and paid a cash dividend of $$5,000$ to the company$$s stockholders. Dec. $28$ Paid the outstanding accounts payable to Accelerated Auto Parts from the December $4$ purchase. Dec. $30$ Collected $$8,500$ of the amount billed to Charlie$$s Cab Co$.$ on December $17.$ Dec. $31$ Paid for utilities used in December of $$2,300$

Additional Information: The equipment purchased on December $3$ has an estimated useful life of five years with no salvage value. Matthew$$s depreciates equipment monthly using the straight$-$line method. As of the end of month, automobile repair services performed, but not yet billed or collected, amount to $$11,200.$ As of the end of the month, employees$$ wages earned, but not yet recorded or paid, amount to $$9,000.$ As of the end of the month, income taxes expense accrued, but not yet paid, amounts to $$600.$ As of the end of the month, shop supplies on hand amount to $$1,100$

Tasks: $1.$ Record each of the dated transactions in general journal form. Post each journal entry to the appropriate general ledger accounts in T$-$account format. $2.$ Prepare a trial balance as of December $31,2022.3.$ Using appropriate information from the dated transactions, as well as the additional information provided, record the adjusting journal entries necessary on December $31,2022$ in general journal form. Post each adjusting journal entry to the appropriate general ledger accounts in Taccount format. If T$-$accounts already exist from Instruction $1,$ you should continue to use these accounts. It is recommended that you use a different color of ink to differentiate the entries prepared in different steps of the accounting cycle. $4.$ Prepare an adjusted trial balance as of December $31,2022.5.$ Prepare an income statement and statement of retained earnings for the year ended December $31,2022.$ Also, prepare a balance sheet dated December $31,2022.6.$ Prepare the necessary year$-$end closing journal entries in general journal form. Post each closing journal entry to the appropriate general ledger accounts in T$-$account format. If T$-$accounts already exist from Instructions $1$ or $2,$ you should continue to use these accounts. $7.$ Prepare an after$-$closing trial balance as of December $31,2022.$