QUESTION 1 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 Began business by depositing $6000 in a bank account in the name of the company in exchange for 600 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $500 1-Dec Paid the premium on a one-year insurance policy, $480 1-Dec Purchased Equipment for $3600 cash 5-Dec Purchased office supplies from XYZ Company on account, $300 15-Dec Provided services to customers for $5400 cash 16-Dec Provided service to customers ABC Inc. on account, $2500 21-Dec Received $1500 cash from ABC Inc., customer on account. 23-Dec Paid 5170 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 "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 unadjusted 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 Templatexlsx" Provide the total of the credit column from the Unadjusted Trial Balance #5. Record the following four transactions as adjusting entries under the "General Journal"tab 31-Dec 31-Dec 31-Dec 31-Dec One month's insurance has been used by the company $40 The remaining inventory of unused office supplies is $90 The estimated depreciation on equipment is $60 Wages 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 under the "T-Accounts" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31 #6