Step 1 Step 2 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 Land Accumulated Depreciation Notes Payable Common Stock Accounts Payable Deferred Revenue Salaries Payable 1-Dec 1-Dec 1-Dec Issue common stock in exchange for cash of $7,000 Paid the premium in advance on a one-year insurance policy. $960 Purchased Equipment for $3,600 cash Retained Earnings Dividends Service Revenue Depreciation Expense Salaries Expense Supplies Expense Rent Expense Insurance Expense 5-Dec 15-Dec Purchased office supplies from XYZ Company on account, $400. Provided services to customers for $7,800 cash 16-Dec Provided services to customer ABC Inc. on account, $6,100 17-Dec Received $2,000 cash in advance from a customer for services to be provided in January. 22-Dec Paid $220 to XYZ company for the Dec 5 purchase on account 23-Dec 25-Dec Paid the rent for the current month $1,100 28-Dec 29-Dec Received $2,700 cash from customer, ABC Inc, on account Paid salaries to employees for work performed from December 1 through December 28, $4,200 Declared and paid dividends to stockholders $250 30-Dec Purchased land by signing 3 year note payable for $8,000 Post all of the December transactions from the "General Journal" tab to the T-accounts under the "General Ledger/T-Accounts" tab in the excel template file "Accounting Cycle Excel Template.xlsx" Assume there are no beginning balances in any of the accounts Compute the balance for each T-account after all of the entries have been posted Step 3: Step 4: Prepare the unadjusted trial balance on the "Unadjusted Trial Balance" tab. Provide the total of the credit column from the Unadjusted Trial Balance