On December 1, 2019, Andy Bean created a new travel agency, Adventure Travel The following transactions occurred during the companys first month December 1 2 Bean invested $30,000 cash and computer equipment worth $27,000 (useful life of 5 years) in the company as capital The company paid $2,400 cash for the premium on a 12 month insurance policy 4 The company rented furnished office space by paying $1,800 cash for the first month's (December)rent 8 The company purchased $1,000 of office supplies for cash 15 The company paid $1,600 cash for two weeks' salaries earned by employees 24 The company collected $8,000 cash on commissions from airlines on tickets obtainedfor customers 28 The company paid $1,600 cash for two weeks' salaries earned by employees 29 The company paid $350 cash for minor repairs to the company's computer 30 The company paid $750 cash for this month's telephone bill 31 Bean withdrew $1,500 in cash for personal expenses Required 1 2 Prepare journal entries to record the transactions for December and post them to the ledger accounts 3 Prepare an unadjusted trial balance as of December 31 4 Journalize the adjusting entries for the year ( including following information) and prepare the adjusted trial balance At the end of the month, $600 of office supplies are still available Employees earned $420 of unpaid and unrecorded salaries as of month end The company earned $1,750 of commissions that are not yet billed at month end 5a Prepare the income statement for the month of December 31, 2019 5b Prepare the statement of equity for the month of December 31, 2019 5c Prepare the balance sheet at December 31, 2019 6 Prepare journal entries to close the temporary accounts

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On December 1, 2019, Andy Bean created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month. December 1 2

On December 1, 2019, Andy Bean created a new travel agency, Adventure Travel. The following transactions occurred during the companys first month.

December	1 2	Bean invested $30,000 cash and computer equipment worth $27,000 (useful life of 5 years) in the company as capital. The company paid $2,400 cash for the premium on a 12-month insurance policy.
	4	The company rented furnished office space by paying $1,800 cash for the first month's (December)rent.
	8	The company purchased $1,000 of office supplies for cash.
	15	The company paid $1,600 cash for two weeks' salaries earned by employees.
	24	The company collected $8,000 cash on commissions from airlines on tickets obtainedfor customers.
	28	The company paid $1,600 cash for two weeks' salaries earned by employees.
	29	The company paid $350 cash for minor repairs to the company's computer.
	30	The company paid $750 cash for this month's telephone bill.
	31	Bean withdrew $1,500 in cash for personal expenses.

Required: 1. & 2.Prepare journal entries to record the transactions for December and post them to the ledger accounts. 3.Prepare an unadjusted trial balance as of December 31. 4.Journalize the adjusting entries for the year ( including following information) and prepare the adjusted trial balance .

At the end of the month, $600 of office supplies are still available.

Employees earned $420 of unpaid and unrecorded salaries as of month-end.

The company earned $1,750 of commissions that are not yet billed at month-end.

5a.Prepare the income statement for the month of December 31, 2019. 5b.Prepare the statement of equity for the month of December 31, 2019. 5c.Prepare the balance sheet at December 31, 2019. 6.Prepare journal entries to close the temporary accounts.