Question #1. (70 marks) RTS began business on December 1, 2019. Its December transactions are: Dec. 1 Invested $40,000 in the business in exchange for common stock 2 Paid $1,500 cash for December rent. 3 Purchased S1,880 of supplies for cash. 4 Purchased $19,000 of office equipment; paying $12,700 cash with the balance due in 30 days. 14 Paid $1,850 cash for assistant's wages. 20 Performed consulting services for $6,000 cash 30 Billed clients $14,400 for December consulting services 31 Paid $2,800 cash for dividends a(10 marks) Record these transactions in journal entry form Assume December 31, 2019 fiscal year end. b. Prepare the unadjusted trial balance (10 marks) Cash Fees Receivable Supplies Office Equipment Accounts Payable Share Capital Retained Earnings (Dividend) Consulting Revenue Wages Expense Rent Expense Journalize the following adjusting entries at December 31: (10 marks) 1 Supplies available at December 31 are $1,410. 2 Accrued wages payable at December 31 are $670 3 Depreciation for December is $240. 4 RTS has spent 60 hours on a tax fraud case during December. When completed in January, his work will be billed at $75 per hour. (Use Fees Receivable) d. Prepare the adjusted trial balance (10 marks) Prepare the underlying financials: the income statement for the month of December (10 marks) and the Balance sheet (20 marks) at December 31, 2019. e