Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel 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-DecBegan business by depositing$10000in a bank account in the name of the company in exchange for1000 shares of$10per share common stock.1-DecPaid the rent for the current month, $1400 .1-DecPaid the premium on a one-year insurance policy,$1200 .1-DecPurchased Equipment for $3600 cash.5-DecPurchased office supplies from XYZ Company on account, $300 .15-DecProvided services to customers for $9000cash.16-DecProvided service to customers ABC Inc. on account, $7900 .21-DecReceived$3300 cash from ABC Inc., customer on account.23-DecPaid$170 to XYZ company for supplies purchased on account on December 5 .28-DecPaid wages for the period December 1 through December 28,$4760 .30-DecDeclared and paid dividend to stockholders $200 .