Please instructions below , then please help with the "Adjusted Trial Balance" and "Financials" from the image template below

Please Go through the following 5 items

1. Please show me how to Prepare Adjusting Journal Entries within the General Journal

1. On 3/1/23, the company purchased a large fishing boat for $49,000 of which had a down payment of $9,000 and the rest of borrowed from First Hawaiian Bank. The Note Payable's principle has a 4% annual interest rate due every 6-months while the principle is due at maturity date in 5 years.

1. The boat purchased on 3/1/23 is depreciated using the straight-line method over a useful life of 10 years. Salvage is $15,000.

1. Due to the use of office supplies, the Office Supplies and lures only added up to $7,300 at the end of the 2023 year.

1. Insurance expense was recorded.

1. On 12/31/23, 75% of the services were provided early from the customers that paid cash on 11/1/23.

1. Declared and paid cash dividend of $8,500 to owners by 12/31/23.

1. Don't worry about updating the General Ledger or the unadjusted trail balance.

1. show me how to Post adjusting journal entries to the Worksheet and then complete the rest of the worksheet

1. show me how to Prepare Financial Statements:
   1. Income Statement (Single-step)

1. Statement of Retained Earnings
2. Balance Sheet

** Ignore Tax