Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template x Isx". Use the following accounts as appropriate: Post all of the December transactions from the "General Journal" tab to the T-eccounts under the "T-Accounts" tab in the excel template file "Accounting Cycle Excet Template.xlsx". Assume there are no beginning balances in any of the accounts. Compute the balance for each T-account after all of the entries have been posted. Prepare the unadjusted trial balance on the "Unadjusted Trias Balance" tab. 1 Provide the total of the credit column from the Unadjusted Trial Balance Record the December adjusting entries on the "General Joumal" tab. 31-Dec One month's insurance has expired $40 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $60. 31-Dec Salaries incurred from December 29 to December 31 but not yet paid or recorded total \$450. Post all of the adjusting entries to the T-accounts on the "T-Aocounts" tab. Compute the belance for each T-account after all of the adjusting entries have been posted. Prepare the adjusted trial balance on the "Adfusted Trial Balance" tab. Check point 1: Adjusted trial balance total debit/credit = 20,390 Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no answer should be left blank.) Prepare the Income Statement, Statement of Stockholder's Equity and Classified Balance Sheet on the "Financial Statements" tab for th month ended December 31,20X. Provide the following amount from the income statement: (Be sure to enter all numbers as positive and no answer should be left blank.) Provide the following account balances from the Balance Sheet: (Be sure to enter all numbers as positive and no answer should be left blank.) Provide the following account balance from the statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank.) 28 Dividends Record the closing entries on the "Goneral Joumal" tab Post all of the closing entries to the T-accounts on the "T-Aocounts" tab. Compute the balance for each T-account after all of the closing entries have been posted. Prepare the post ciosing trial balance for the month ended December 31, 20x on the Post-Closing Trial Balance tab. 29 Provide the total of the debit column from the Post Closing Trial Balance 30 Provide the balance of the Retained Earnings T-account after ciosing entries have been posted. 31 Does the ending balance of the Retained Earnings t-account agree with the balance of Retained Earnings on the Balance Sheet
