On the Gen Journal tab: Record the following external transactions a through k. Use column B for the names of the accounts to be debited and column C for the accounts to be credited. Record the debits first and the credits second. Some transactions may require more than two accounts to record the transaction correctly. Columns E and G are for entering the dollar amounts. a. Provided health services for cash, $28,000, and on account, $83,000. b. Collected on accounts receivable, $56,000. c. Issued shares of common stock in exchange for $100,000 cash. d. Paid salaries for the year through December 23, $36,000 cash. e. Paid $13,000 cash for utilities, of which $5,500 represents costs previously recorded for the previous year (look at the utilities payable account), and $7,500 is for the current year utility usage. f. Received $10,000 cash in advance from customers for services to be provided in the future. g. April 1, the company paid $15,000 cash for a one-year insurance policy to cover possible injury to workers. The insurance coverage extends through March 31 of next year. h. On August 1 the company borrowed $40,000 from a local bank and signed a note. The note requires interest to be paid annually on July 31 at 9%. The principal is due in four years. i. Purchased $5,000 of Supplies on account. j. Paid $3,000 on account for the Supplies purchased in (i). k. Purchased $100,000 equipment, all for cash. l. Paid $8,000 cash dividends to stockholders.

On the Gen Journal tab: Record the following year end adjusting entries (l) through (s) using the information below. Use column B for the account title debits and column C for the account title credits. Record the debits first and the credits second. Columns E and G are for entering the dollar amounts. m. Depreciation for the year on the equipment is $3,900. n. Supplies remaining on hand (unused) at the end of the year equal $1,200. o. Of the amount paid in advance by customers in journal entry (f), $4,000 of the work has been completed by the end of the year. p. Employees' salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned by employees from December 24 through December 31 are $4,200. q. Record the appropriate adjusting entry for the insurance in journal entry (g). r. On December 30, the company receives a utility bill of $1,900 for the month. The bill will not be paid until early January of next year, and no entry was recorded when the bill was received. s. The company determines that services for $2,400 had been provided and the client had not paid at the time the services were performed. The transaction was not recorded during the year. t. Record the required adjusting entry related to journal entry (h).