Required: 1. 2. 3. 4. ot Ung the care of accounts provided for you, prepare your materiestor the truetons for the Tror of December -Root-the-Decem monotonning cente provided for you. Aanaa Debits Once you have corect, prepare the following adjusting entries. a. A physical count of the Office Supplies account showed that there was $2,000 worth of office supplies on hand. The balance of the Office Supplies account on the unadjusted trial balance is $3,450 b. One month's insurance expired on the 12-month insurance policy purchased on December 1 for $5,200. Depreciation expense on the computer equipment, office equipment, and the vehicle totaled $750 for the month of December. d. Juicy Lemonade pays their 3 part-time employees on a monthly basis. The employees will receive their paychecks totaling $3,000 on January 20, 2021. Post the adjusting entries to the T-accounts provided. Create an adjusted trial balance. Check Figure: $236,800 Total Debits Once you have verified that your adjusted trial balance is correct, prepare a multiple-step income statement (see page 181 in your textbook for guidance), a statement of owner's equity (see page 131), and a balance sheet (see page 131). Check Figure: Net income $33,410. Prepare closing entries. Post the closing entries to the T-accounts provided. Prepare a post-closing trial balance. 5. 6. 8. 9. 10. Required: 1. 2. 3. 4. ot Ung the care of accounts provided for you, prepare your materiestor the truetons for the Tror of December -Root-the-Decem monotonning cente provided for you. Aanaa Debits Once you have corect, prepare the following adjusting entries. a. A physical count of the Office Supplies account showed that there was $2,000 worth of office supplies on hand. The balance of the Office Supplies account on the unadjusted trial balance is $3,450 b. One month's insurance expired on the 12-month insurance policy purchased on December 1 for $5,200. Depreciation expense on the computer equipment, office equipment, and the vehicle totaled $750 for the month of December. d. Juicy Lemonade pays their 3 part-time employees on a monthly basis. The employees will receive their paychecks totaling $3,000 on January 20, 2021. Post the adjusting entries to the T-accounts provided. Create an adjusted trial balance. Check Figure: $236,800 Total Debits Once you have verified that your adjusted trial balance is correct, prepare a multiple-step income statement (see page 181 in your textbook for guidance), a statement of owner's equity (see page 131), and a balance sheet (see page 131). Check Figure: Net income $33,410. Prepare closing entries. Post the closing entries to the T-accounts provided. Prepare a post-closing trial balance. 5. 6. 8. 9. 10