Prepare journal entries to record the December transactions in the General Journal Tob in the excel template fle Accounting Cyde Excel Required: 1. Template.xlsx. Use the following accounts as appropriate: Cash, Accounts Receivable Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense. 1-Dec Began business by depositing $10000 in a bank account in the name of the company in exchange for 1000 shares of $10 per share common stock 1-Dec Paid the rent for the current month, 5900 1-Dec Paid the premium on a one-year insurance policy, $480 1-Dec Purchased Equipment for 54800 cash. 5-Dec Purchased office supplies from XYZ Company on account, $300 15-Dec Provided services to customers for 57000 cash. 16-Dec Provided service to customers ABC Inc on account, $4900 21-Dec Received $2300 cash from ABC Inc., customer on account. 23 Dec Paid $170 to XYZ company for supplies purchased on account on December 5 28-Dec Paid wages for the period December 1 through December 28, 54200 30-Dec Declared and paid dividend to stockholders $200 Post all of the December transactions from the "General Journal tab to the accounts under the T-Accounts" tab in the excel template file #2 Accounting Cycle Excel Templatex/sx". Assume there are no beginning balances in any of the accounts. #3. Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31. #4. Prepare the unadjusted trial balance under the "Unadjusted Trial Balance" tab in the excel template file "Accounting Cycle Excel Template.xlsx Provide the total of the credit column from the Unadjusted Trial Balance #5. Record the following four transactions as adjusting entries under the "General Journal tab. 31-Dec One month's insurance has been used by the company $40. 31-Dec. The remaining inventory of unused office supplies is 590 31-Dec The estimated depreciation on equipments 580 31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $450 6. Post all of the adjusting entries to the accounts under the Accounts" tabCompute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31. on Competion Prepare the adjusted trial balance under the "Adjusted Trial Balance" tab as of December 31 in the excel template file "Accounting Cycle Excel Template.xlsx Provide the following accounts balances from the Adjusted Trial Balance: Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings #8. Prepare Income Statement, Statement of Stockholder's Equity, and Classified Balance Sheet under the "Financial Statements" tab for the month ended December 31, 20% in the excel template file "Accounting Cycle Excel Template.xlsx Provide the following amount from the Income Statement Service Revenue Depreciation Expense Wages Expense Supplies Expense Rent Experte Insurance Expense Net Income Provide the following account balance from the Statement of Stockholders Equity Dividends Provide the following account balances from the Balance Sheet Current Assets Long-Term Assets Torbis Provide the following account balances from the Balance Sheets Current Assets Long-Term Assets Total Liabilities Total Stockholder's Equity Cash 49. Record the closing entries under the "General Journal" tab. Post all of the closing entries to the Taccounts under the "T Accounts" tab. Compute the balance for each T-account after all of the closing entries have been posted #10 Provide the ending balance of Cash at December 31 from the Taccount Provide the balance of the Retained Earnings T-account after closing entries have been posted Does the ending balance of the Retained Earnings Taccount agree with the balance of Retained Earnings on the Balance Sheet? Check Point Total Assets 516,400.00