PART 1

On January 1, 2021, Floral Resort had the following balance: Cash $16,000 Supplies $8,400 Land $64,000 Deferred Revenue $5,400 Common Stock $$54,000 Retained Earnings $29,000 During 2021, the company had the following transaction: 1) February 15 issue additional share of common stock, $24,000 2) May 20, Provide service to customers for cash $39,000, and on account $34,000 3) August 31, pay salaries to employees for work in 2021 $27,000 4) October 1, paid for one years in advance $16,000 5) November 17 purchase supplies on account $26,000 6) December 30 pay dividends $2,400 The following information is available on December 31, 2021 1) Employees are owed and additional $4,400 2) Three months the rental space has expired 3) Supplies of $5,400 remain on hand 4) All of the services associated with the beginning deferred revenue have been performed. Required General Journal General ledger Trial balance Income statement Statement of cash flow Balance Sheet 1). Record each of the transactions listed above in the General Journal tab. Review the General ledger 'and the Trial Balance tabs to see the effect of the transaction on the account balances 2). Record the adjusting entries in the General journal tab. 3). Review the adjusted Trail Balance as of December 31, 2021 4). Make an income statement for the year ended December 31, 2021, in the Income statement' tab. 5). Make the stockholders equity for the year ended December 31, 2021, in the income statement' tab. 6). Make the classified balance sheet as of December 31, 2021, in the balance sheet tab 7). Record the closing entries in the General Journal tab. Required General Journal General ledger Trial balance Income statement Statement of cash flow Balance Sheet

***Make the journal entries for transactions (if no entry is needed for a particular transaction/event, select select No journal entry required in the first account field.) Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 11 12 ........ 13