Phantom Consulting Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program development. Phantom Consulting Inc. showed the following alphabetized post-closing trial balance at November 30, 2014. Note: There were 12,000 shares issued and outstanding on November 30, 2014. Depreciation on the computers is $850 per month. Phantom Consulting Inc.'s salaries expense is a total of $850 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from December : a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). b) What is the next step in the accounting cycle? Prepare closing entries Prepare financial statements Prepare a post-closing trial balance Prepare an unadjusted trial balance Post transactions This is the last step Prepare an adjusted trial balance Prepare adjusting entries