P$4-3.$ JOURNAL ENTRIES; POST TO THE GENERAL LEDGER; PREPARE A TRIAL BALANCE. Herman and Sons$$ Law Offices opened on January $1,2022.$ During the first year of business, the company had the following transactions:

January $2$: The owners invested $$250,000($the par value of the stock$)$ into the business and acquired $25,000$ shares of common stock in return.

January $15$: Herman bought an office building in the amount of $$80,000.$ The company took out a long$-$term note from the bank to finance the purchase.

February $12$: Herman billed clients for $$60,000$ of services performed.

March $1$: Herman took out a two$-$year insurance policy, which it paid cash for in the amount of $$22,000.$

March $10$: Herman collected $$20,000$ from clients toward the outstanding accounts receivable balance.

May $13$: Herman received cash payments totaling $$210,000$ for legal services$$$$40,000$ was for services previously billed to customers on February $12$ and the remainder was for services provided in May not yet recorded.

June $10$: Herman purchased office supplies in the amount of $$35,000,$ all on credit.

July $15$: Herman paid wages of $$16,000$ in cash to office staff workers.

August $8$: Herman paid off the $$35,000$ balance owed to a supplier for the purchase made on June $10.$

September $3$: Herman purchased $$25,000$ of office supplies in cash.

September $20$: The company paid $$11,000$ cash for utilities.

October $1$: Herman paid wages in the amount of $$24,000$ to office workers.

December $1$: Herman received cash payments from clients in the amount of $$320,000$ for services to be performed in the upcoming months.

December $31$: Herman declared and paid a $$10,000$ dividend.

The chart of accounts used by Herman and Sons$$ Law Offices is as follows:

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Required

Journalize the transactions for the year. Omit explanations.

Post the journal entries to the general ledger.

Prepare an unadjusted trial balance as of December $31.$