Record the following transactions in the journal and post to the ledger:

12/02/13- Purchased 10 Units of Software on Account for $1,300

12/02/13- Paid employees Salaries owed

12/02/13- Provided Accounting Service on Account, $3,200

12/05/13- Purchased Computer Equipment on Account, $4,800 Note: The equipment has an estimated useful life of 4 years, residual value of $50 and uses the DDB method.

12/08/13- Purchased Supplies for $800 cash

12/10/13- Received $3,000 payment on account

12/11/13- Sold 15 units of Inventory on Account, $4,500 Note: This transaction requires two journal entries. The first entry should deal with the sale, and the second should deal with the inventory

12/11/13- Made payment on Account, $1,000

12/12/13- Purchased 20 units of Inventory on Account, $2,400

12/14/13- Received a bill for Advertising and paid it, $250

12/15/13- Provided Accounting service for Cash, $8,000

12/16/13- Paid employees salary for Dec. 1-15

12/17/13- Provided Accounting Service on Account, $6,000

12/19/13- Sold 10 units of Inventory on Account, $3,000

12/22/13- Received $2,500 payment on Account

12/23/13- Made payment on Account, $2,500 12/24/13- Received and paid monthly Utility bills, $850

12/27/13- Received $2,000 cash in advance for accounting services

12/29/13- Provided Accounting Service for Cash, $5,000

12/30/13- Issued 1,000 shares of Common Stock at S15 per share

12/31/13- Declared dividends of $1.50 to outstanding shareholders as of

12/31/13. NOTE: Be sure to debit retained earnings and credit dividends payable. Prepare a trial balance to verify that total debits equal total credits.

Record the following adjustments in the journal and in the trial balance. DO NOT post the adjusting entries to the ledger. Instead, post them directly as adjustments to the trial balance.

12/31/13- Employees salary for Dec. 16-31

12/31/13- Depreciation on Building, use SL method (calculate for entire year)

12/31/13- Depreciation on Furnishings, use DDB method (calculate for entire year)

12/31/13- Depreciation on Computer Equipment, use DDB method (calculate for one month)

12/31/13- Supplies on hand equal $1,625

12/31/13- Inventory count shows 33 units, some damaged units were disposed of during the month

12/31/13- S500 of advance payment was earned in December

12/31/13-Uncollectible Account expense for December

Prepare an Adjusted trial balance to verify debits equal credits at the end of the month

Prepare the 3 main financial statements for the year ending December 31, 2013.