Record these transactions in general journal form.

Note: If no entry is required for a event, select $"$No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below.

Post the transaction data from the journal to ledger T$-$accounts. Prepare a trial balance.

$\backslash$table$[[$PARADISE VACATIONS$],[$Trial Balance$],[$As of December $31,$ Year $1],[$Account Titles,Debit,Credit$],[$Cash$,,],[$Supplies$,,],[$Accounts receivable,,$],[$Prepaid rent,,$],[$Accounts payable,,$],[$Common stock,,$29,000],[$Dividends$,,],[$Service revenue,,$37,350],[$Other operating expense,,$],[,,],[,,],[$Totals$,0,$$$66,350]]$ Prepare an income statement.

Prepare a statement of changes in stockholders' equity.Req $A$

Req B

Req C

Req D$4$

Prepare a statement of cash flows.

Note: Cash outflows should be indicated with a minus sign.

$\backslash$table$[[$PARADISE VACATIONS,,$],[$Statement of Cash Flows,,$],[$Cash flows from operating activities,,$],[,,],[,,],[,,],[$Net cash flow from operating activities,,$$],[$Cash flows from investing activities,,$],[,,],[,,],[$Net cash flow from investing activities,,$$],[$Cash flows from financing activities,,$],[,,],[,,],[,,],[$Net cash flow from financing activities,,$],[$Net change in cash,,$0],[,,0],[$Ending cash balance,,$]]$

Req D$3$

Req D$4$

Req $A$

ReqB

Req C

Req D$1$

Req D$2$

Req D$3$

Prepare a balance sheet.

$\backslash$table$[[$PARADISE VACATIONS,,$],[$As of December $31,$ Year $1,,],[,,],[$Assets$,,],[,,],[,,],[,,],[,,],[$Total assets,,$],[$Liabilities$,,],[,,],[,,],[,,],[$Total liabilities,,$],[$Stockholders$\text{'}$ Equity,,$],[,,],[$Total stockholders' equity liabilities and stockholders' equity,,$0]]$The following events apply to Paradise Vacations$$s first year of operations:

Acquired $$29,000$ cash from the issue of common stock on January $1,$ Year $1.$

Purchased $$1,250$ of supplies on account.

Paid $$5,280$ cash in advance for a one$-$year lease on office space.

Earned $$37,350$ of revenue on account.

Incurred $$13,850$ of other operating expenses on account.

Collected $$28,500$ cash from accounts receivable.

Paid $$9,450$ cash on accounts payable.

Paid a $$3,900$ cash dividend to the stockholders.

Information for Adjusting Entries

There was $$240$ of supplies on hand at the end of the accounting period.

The lease on the office space covered a one$-$year period beginning November $1.$

There was $$4,500$ of accrued salaries at the end of the period.

Required

a$.$ Record these transactions in general journal form.

b$.$ Post the transaction data from the journal to ledger T$-$accounts.

c$.$ Prepare a trial balance.

d$-1.$ Prepare an income statement.

d$-2.$ Prepare a statement of changes in stockholders$$ equity.

d$-3.$ Prepare a balance sheet.

d$-4.$ Prepare a statement of cash flows.