Required a$.$ Prepare the journal entries to record these transactions. b$.$ Prepare any necessary adjusting entries. c$.$ Post all journal entries to T$-$accounts. d$.$ Prepare a trial balance. e$.$ Prepare a balance sheet for Clever Bookstore as of December $31,1999.$ The following account balances are shown on No$-$ vember $30,1999,$ for the Clever Bookstore: Cash $ $8,000$ Accounts payable $ $4,000$ Accounts receivable $9,000$ Salaries payable $2,000$ Inventory $60,000$ Notes payable $35,000$ Supplies $3,000$ J$.$ Clever, capital $39,000$ Total $$80,000$ Total $$80,000$ The following transactions occurred during December. $1.$ Paid workers the $$2,000$ owed them on November $30.2.$ Made sales totaling $$40,000.$ One$-$half of the sales were for cash. The other half were on account. The cost of goods sold was $$25,000.3.$ Purchased inventory on account, $$15,000.4.$ Collected in cash $$22,000$ of receivables. $5.$ Used supplies totaling $$800.6.$ Paid accounts payable of $$12,000.7.$ Paid December$$s interest on the note payable in the amount of $$300.$