The account balances of Pacilio Security Services, Inc. as of January $1,$ Year $6,$ are shown here:

Cash $$74,210$

Accounts Receivable $13,500$

Supplies $200$

Prepaid Rent $3200$

Merchandise Inventory $(24$ @ $$265$; $1$ @ $$260)6620$

Land $4,000$

Accounts Payable $1,950$

Unearned Revenue $900$

Salaries Payable $1,000$

Common Stock $50,000$

Retained Earnings $47,880$

During Year $6,$ Pacilio Security Services experienced the following transactions:

$1.$ Paid the salaries payable from Year $5.$

$2.$ On March $1,$ Year $6,$ Pacilio established a $ $100$ petty cash fund to handle small expenditures.

$3.$ Paid $$4,800$ on March $1,$ Year $6,$ for a one$-$year lease on the company van in advance.

$4.$ Paid $$7,200$ on May $2,$ Year $6,$ for one year's office rent in advance.

$5.$ Purchased $$400$ of supplies on account.

$6.$ Purchased $100$ alarm systems for $$28,000$ cash during the year.

$7.$ Sold $102$ alarm systems for $$57,120.$ All sales were on account. $($Compute cost of goods sold using the FIFO cost flow method.$)$

$8.$ Paid $$2,100$ on accounts payable during the year.

$9.$ Replenished the petty cash fund on August $1.$ At this time, the petty cash fund had only $$7$ of currency left. It contained the following receipts: office supplies expense, $$23$; cutting grass, $$55$; and miscellaneous expense, $$14.$

$10.$ Billed $$52,000$ of monitoring services for the year.

$11.$ Paid installers and other employees a total of $$25,000$ cash for salaries.

$12.$ Collected $$89,300$ of accounts receivable during the year.

$13.$ Paid $$3,600$ of advertising expense during the year.

$14.$ Paid $$2,500$ of utilities expense for the year.

$15.$ Paid a dividend of $$10,000$ to the shareholders.

Adjustments

$16.$ There was $$160$ of supplies on hand at the end of the year.

$17.$ Recognized the expired rent for both the van and the office building for the year. $($The rent for both the van and the office remained the same for Year $5$ and Year $6.)$

$18.$ Recognized the balance of the revenue earned in Year $6$ where cash had been collected in Year $5.$

$19.$ Accrued salaries at December $31,$ Year $6,$ were $$1,400.$

Special Instructions for Year $6$

a$.$ Record the above transactions in general journal form.

b$.$ Post the transactions to the T$-$accounts.

Prepare a bank reconciliation at the end of the year. The following information is available for the bank reconciliation:

$(1)$ Checks written but not paid by the bank, $$8,350.$

$(2)$ A deposit of $$6,500$ made on December $31,$ Year $6,$ had been recorded but was not shown on the bank statement.

$(3)$ A debit memo for $$55$ for a new supply of checks. $($Hint: Use Office Supplies Expense account.$)$

$(4)$ A credit memo for $$30$ for interest earned on the checking account.

$(5)$ An NSF check for $$120.$

$(6)$ The balance shown on the bank statement was $$80,822$

d$.$ Record and post any adjustments necessary from the bank reconciliation.

e$.$ Prepare a trial balance.

f$.$ Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows.

g$.$Close the temporary accounts to retained earnings.

h$.$ Post the closing entries to the T$-$accounts and prepare a post$-$closing trial balance.

Create journal entries, t$-$accounts, trial balance, income statement, statement of changes in stockholders$$ equity, balance sheet, unadjusted and adjusted trial balance, closing entries, and post closing trial balance.