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Part 2 will have you correct any mistakes and then complete the project. The remaining parts of the project include preparing the adjusted trial balance,

Part 2 will have you correct any mistakes and then complete the project. The remaining parts of the project include preparing the adjusted trial balance, income statement, statement of retained earnings, balance sheet, closing entries, and post-closing trial balance. December business transactions Dec 1st Paid December rent of $2,100 with check #801. Dec. 2nd Paid $1,500 on Jacksons Inc. invoice from a previously recorded transaction with check #802. Dec. 3rd Collected $750 from Reynolds Co. from a previous engagement in November. Dec 4th Completed additional work for Auto Plus, sent invoice #Sp24a for $1,350 due in 1 month. Dec. 5th Paid employee from work previously expensed in Nov. with payment due Dec. 5th using check #803. Dec. 8th - Paid $1,425 to cover all utilities for the month of Dec using check #804. Dec. 9th - Completed $520 worth of work for a repeat customer who pays cash immediately. Dec. 10th - Collected $825 from Auto Plus from a previous engagement in Nov. Dec. 11th - Jack Fredrick, the owner, withdrew $3,400 for personal use using check #805. Dec. 12th - Our employee earned two weeks of pay amounting to $1,550, to be paid Dec. 23rd.*employee took vacation from Dec. 15th-Dec. 31st. No pay will accrue* Dec. 15th Completed a large job for Reynolds Co. for $12,000. Sent invoice #Sp24b due Jan. 31st. Dec. 16nd Collected $5,500 from Reynolds to pay off some of their balance.Dec. 22md Paid our employee for the work expensed Dec. 12th using check #806. Dec. 23rd - Purchased land on a note for $71,000 to be used for construction of a new office building. Land and Notes Payable will have account numbers of 150 and 240, respectively. Dec 24th-Dec. 31st Owner took off the rest of the yearitems. 2. Prepare the Adjusted trial balance. 3. Prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet. 4. Prepare the Closing journal entries and Post-closing trial balance.

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