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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
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 Required: #1. 1-Dec 1-Dec 1-Dec 1-Dec 5-Dec 15-Dec 16-Dec 21-Dec Began business by depositing $7000 in a bank account in the name of the company in exchange for 700 shares of $10 per share common stock. Paid the rent for the current month, $1100 Paid the premium on a one-year insurance policy, S960 Purchased Equipment for $3600 cash. Purchased office supplies from XYZ Company on account, $300 Provided services to customers for $7800 cash. Provided service to customers ABC Inc. on account, $6100 Received $2700 cash from ABC Inc., customer on account. Paid $170 to XYZ company for supplies purchased on account on December 28-Dec Paid wages for the period December 1 through December 28, $4200 30-Dec Declared and paid dividend to stockholders $200 Post all of the December transactions from the "General Journal" tab to the T-accounts under the "T-Accounts" tab in the excel template file #2. "Accounting Cycle Excel Template.xlsx". 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 nad usted 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
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