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Michael Blue is a photographer who has started a new photography business. On December 1,2018, Michael decided to incorporate under the name Blue and White Photgraphy. Michael has hired you to provide accounting services for the company. Read the instructions at the top of each tab. Prepare the required journal entries for the month of December, the necessary adjusting entries and closing entries as of December 31, and a complete set of financial statements, to include all proper labels. General Journal tab: Transactions 1-11: Prepare journal entries to record transactions for the first month in business, Transactions 12-15: Prepare the required adjusting entries (use information from the unadjusted trial balance to calculate the required adjustments). Transactions 16-19: Prepare the necessary closing entries. Journal entry worksheet On December 1 , Blue and White Photgraphy issued 10,000 shares of common stock to Michael Blue in exchange for $37,000 cash. Michael Blue is a photographer who has started a new photography business. On December 1, 2018, Michael decided to incorporate under the name Blue and White Photgraphy. Michael has hired you to provide accounting services for the company. Read the instructions at the top of each tab. Prepare the required journal entries for the month of December, the necessary adjusting entries and closing entries as of December 31 , and a complete set of financial statements, to include all proper labels. General Journal tab: Transactions 1-11: Prepare journal entries to record transactions for the first month in business. Transactions 12-15: Prepare the required adjusting entries (use information from the unadjusted trial balance to calculate the required adjustments). Transactions 16-19: Prepare the necessary closing entries. Journal entry worksheet 4567819> On December 1, Blue and White Photgraphy purchased photography equipment for $15,120 cash. Note: Enter debits before cresits: Michael Blue is a photographer who has started a new photography business. On December 1,2018, Michael decided to incorporate under the name Blue and White Photgraphy. Michael has hired you to provide accounting services for the company. Read the instructions at the top of each tab. Prepare the required journal entries for the month of December, the necessary adjusting entries and closing entries as of December 31 , and a complete set of financial statements, to include all proper labels. General Journal tab: Transactions 1-11: Prepare journal entries to record transactions for the first month in business. Transactions 12-15: Prepare the required adjusting entries (use information from the unadjusted trial balance to calculate the required adjustments). Transactions 16-19: Prepare the necessary closing entries. Journal entry worksheet Shaw marev \langle On December 1 , Blue and White Photgraphy prepaid $2,400 for the first 2 month's rent for their photography studio. The company's policy is to initially record prepaid expenses and unearned revenues in balance sheet accounts. Foofe: Enter debits before credits. Michael Blue is a photographer who has started a new photography business. On December 1,2018 , Michael decided to incorporate under the name Blue and White Photgraphy. Michael has hired you to provide accounting services for the company. Read the instructions at the top of each tab. Prepare the required journal entries for the month of December, the necessary adjusting entries and closing entries as of December 31, and a complete set of financial statements, to include all proper labels. General Journal tab: Transactions 1-11: Prepare journal entries to record transactions for the first month in business. Transactions 12-15: Prepare the required adjusting entries (use information from the unadjusted trial balance to calculate the required adjustments). Transactions 16-19: Prepare the necessary closing entries. Journal entry worksheet On December 4, Blue and White Photgraphy received a $4,000 deposit (partial payment) from Kim Jong and Vince Molinari for their June wedding. The company's policy is to initially record prepaid expenses and unearned revenues in balance sheet accounts. Note: Enter debits before credits, Michael Blue is a photographer who has started a new photography business. On December 1,2018, Michael decided to incorporate under the name Blue and White Photgraphy. Michael has hired you to provide accounting services for the company. Read the instructions at the top of each tab. Prepare the required journal entries for the month of December, the necessary adjusting entries and closing entries as of December 31, and a complete set of financial statements, to include all proper labels. General Journal tab: Transactions 1-11: Prepare journal entries to record transactions for the first month in business. Transactions 12-15: Prepare the required adjusting entries (use informition from the unadjusted trial balance to calculate the required adjustments). Transactions 16-19: Prepare the necessary losing entries. Journal entry worksheet