Please help finishing the second part of the General Journal Page - Closing Entries (5th page). Thank you.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months of operations: a. The December 31 inventory count of computer supplies shows $320 still available. b. Three of the four months' prepaid rent has expired. c. Three months have expired since the 12-month insurance premium was paid in d Ae of December 31 the only emplovee of Jamison Consulting had not been oaid for e. The computer system, acquired for $8,000 on October 1, is expected to have a four f. The office equipment, acquired for $20,000 on October 1, is expected to have a five- advance four days of work at $125 per day year life with no eaage valze year life with no salvage value. Required: 1. Journalize the December transactions for Jamison Consulting. You may omit explanations for the journal entries. Skip a line between each journal entry-see the journal entries for October -November as a formatting example. 2. Post the December transactions to the appropriate accounts in the ledger. 3. Prepare a trial balance to prove the equality of debits and credits prior to continuing with this project. Omit any accounts that have a zero balance. Check figure: $99,816. Consult your instructor if your trial balance does not balance before proceeding with the project. 4. Journalize the adjusting entries to reflect items a through f above. 5. Post the adjusting entries to the appropriate accounts in the ledger. 6. Prepare an adjusted trial balance as of December 31, 2018. Check figure: $101.816. Consult your instructor if your adjusted trial balance does not balance before proceeding with the project Prepare the three basic financial statements in good form. See pages 120-121 of your accounting text for a good example of financial statement formatting 7. a. Prepare an income statement for the three months ended December 31, 2018. b. Prepare a statement of owner's equity for the three months ended December 31, 2018 Prepare a balance sheet as of December 31, 2018. c. 8. Journalize and post the necessary closing entries for Jamison Consulting. 9. Prepare a post-closing trial balance as of December 31, 2018 Project Data: Callie Jamison owns and operates a consulting firm called Jamison Consulting. The business began operating in October 2018. Transactions for October and November 2018 have been recorded and posted. Jamison Consulting had the following transactions in December 2018. Dec 2 Provided $3,950 consulting services to Gomez Company on account 3 Paid $1,025 cash to Hillside Mall for Jamison Consulting's share of mall advertising costs. 4 Paid $400 cash for minor repairs to the company's computer. 10 Purchased $1,100 of computer supplies on credit from Harris Office Products. 14 Paid cash to employee for six days of work at the rate of $125 per day. 15 Notified by Alex's Engineering Co. that Jamison Consulting's' bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Jamison Consulting 20 Completed a project for Lyn Corporation and received $5,625 cash. 28 Received $3,000 cash from Gomez Co. on its receivable. Reimbursed C. Jamison $193 for business automobile mileage. 31 C. Jamison withdrew $1,500 cash from the company for personal use. Below are the journal entries recorded by Jamison Consulting for October and November 2018. NOTE: These are for your information only, you do not need to do anything with these entries. GENERAL JOURNAL PAGE 1 CREDIT DATE ACCOUNT POST DEBIT 2018 Oct1Cash Office Equipment Computer Equipment C. Jamison, Capital 101 163 167 301 45,000 20,000 8,000 73,000 1 Prepaid Insurance 128 101 2,220 Cash 2,220 2 Prepaid Rent 131 101 3,300 Cash 3,300 9 Computer Supplies 126 201 2,545 Accounts Payable 2,545 16 Accounts Receivable 106 403 4,800 Computer Services Revenue 4,800 31 Wages Expense Cash 875 623 101 875 Nov 2 Mileage Expense 676 101 320 Cash 320 5 Accounts Payable Cash 201 101 2,545 2,545 101 106 8 Cash 4.800 Accounts Receivable 4,800 4,633 101 403 14 Cash Computer Services Revenue 4,633 23 Accounts Receivable 106 5,208 Computer Services Revenue 5,208 30 C. Jamison, Withdrawals 302 101 2,000 Cash 2,000 Page 4 of 15 Working Papers General Journal for Requirements 1, 4 &10 2 GENERAL JOURNAL POST REF DEBIT CREDIT ACCOUNT DATE 2018 Dec December Transactions (20 points) vab 1025 Cash rs Expanss Computar Cash 400 L100 pense 50 Cash 20 Cash 403 5225 3000 193 OL 193 1302- 1500 GENERAL JOURNAL DATE ACCOUNT DEBIT CREDIT 2018Adjusting Entries (17 points) 2.2 2.5 | Dec 45 1a.Caputer Supplies 128 500. 500 31 Dapreciaton Experep ACCumu Closing Entries (10 points Dec 31 Income Summary Milage Exparca Incame Summary Page 6 of 15