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please help me out on this JHJ Car Rental Company beginning balances from year one are as follows: 1. Cash $80,000 2. Accounts Receivable S95,000

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JHJ Car Rental Company beginning balances from year one are as follows: 1. Cash $80,000 2. Accounts Receivable S95,000 3. Supplies $15,000 4. Auto S300,000 5. Account Payable $50,000 6. Note Payable $150,000 7. Common Stock $100,000 8. Retained Earnings JHJ CAR RENTAL COMPANY HAD THE FOLLOWING TRANSACTIONS: l. Invested additional S50.000 in business 2. Paid $4,000 for prepaid insurance 3. Paid advertising expense s40,000 4. Rented cars to corporate customers on account for S200,000 5. Purchase $30,000 in supplies on account 6. Paid salaries expense S100,000 7. Received cash car rental revenue of S100,000 8. Paid dividends $20,000 9. Collected $150,000 from corporate customers 10. Paid $10,000 towards note payable ands10,000 in interest 11. Paid rent expense $20,000 12. Paid $50,000 on accounts payable Required l. Place opening account balances in ledger 2. Journalize each entry and identify the type. 3. Post to ledger 4. Prepare trial balance 5. Prepare income statement 6. Prepare statement of retained earnings 7. Prepare balance sheet 8. Prepare and post the closing entries

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