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: Step 2: Step 3 : Step 4 : 1 Step 5 : 31-Dec One month's insurance has expired $50. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $70. 31-Dec Salaries incurred from December 29 to December 31 but not yet paid or recorded total $480. Step 6: Post all of the December transactions from the "General Joumal" tab to the T-accounts under the "T-Accounts" tab in the excel template file "Accounting Cycle Excel 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 Trial Balance" tab. Provide the total of the credit column from the Unadjusted Trial Balance Record the December adjusting entries on the "General Journal" tab. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec Salaries incurred from December 29 to December 31 but not yet paid or recorded total $480. Post all of the adjusting entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. Step 7: Prepare the adjusted trial balance on the "Adjusted Trial Balance" tab. Check point 1 : Adjusted trial balance total debit/credit = $22,570 Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no answer should be left blank.) 2 Cash 3 Accounts Receivable 4 Supplies 5 Prepaid Insurance 6 Equipment 7 Land 8 Accumulated Depreciation 9 Accounts Payable 10 Deferred Revenue 11 Salaries Payable 12 Notes Payable 13 Common Stock 14 Retained Earnings \begin{tabular}{|l|} \hline 4200 \\ \hline 2800 \\ \hline 450 \\ \hline 600 \\ \hline 4200 \\ \hline 6000 \\ \hline 70 \\ \hline 450 \\ \hline 900 \\ \hline 4480 \\ \hline 6000 \\ \hline 6500 \\ \hline \end{tabular} Prepare the Income Statement, Statement of Stockholder's Equity and Classified Balance Sheet on the "Financial Statements" tab for the month ended December 31, 20XX. 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.) ep 9: Record the closing entries on the "General Journal" tab. Post all of the closing entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the closing entries have been posted. Prepare the post closing trial balance for the month ended December 31, 20XX 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 closing entries have been posted