Please help me understand how to do this.

Unit 2 Test Breakthrough Art Studio, Inc., provides quality instruction to aspiring artists. The business adjusts its accounts monthly, but performs closing entries annually on December 31. This is the studio's unadjusted trial balance dated December 31, 2014. BREAKTHROUGH ART STUDIO, INC. Unadjusted Trial Balance December 31, 2014 Debits Credits Cash $24,000 Accounts receivable 71,250 Supplies 6,000 Prepaid studio rent 2,500 Studio equipment 96,000 Accumulated depreciation: Studio equipment $51,000 Accounts payable 6,420 Notes payable (due 2016) 25,000 Interest payable 480 Unearned fees 8,000 Income taxes payable 5,000 Capitol stock 50,000 Retained earnings 20,000 Fees earned 82,300 Salary expense 15,630 Studio rent expense 11,240 Depreciation expense: studio equipment 8,800 Income tax expense 5,000 Supply expense 4,000 Utilities expense 3,300 Interest expense 480 $248,200 $248,200 Other data: 1. Supplies on hand at December 31, 2014, total $1,000. 2. The studio pre-pays rent quarterly (every 3 months). The last payment was made November 1, 2014. The next payment will be made early in February 2015. 3. Studio equipment is depreciated for $9,000. 4. At December 31, 2014, $3,000 of previously unearned fees has been earned. 5. Accrued, but unrecorded and uncollected fees earned total $690 at December 31, 2014. 6. Accrued, but unrecorded and unpaid salary expense totals $750 at Decmeber 31, 2014. Instructions: a. Prepare the necessary adjusting journal entries on December 31, 2014. b. Update the ledger of accounts. c. Prepare also the adjusted trial balance. d. Optional. Prepare End-of-the-Year Spreadsheet. e. Prepare the company's financial statements. (Hint: Use information found in the adjusted trial balance). f. Prepare the necessary closing entries and post to ledger. g. Prepare the post-closing trial balance