The following transactions pertain to Price Corporation for 20xx: Jan. 1Acquired $25,000 cash from the issuance of common stock. Mar. 1 Paid rent for office space for two years, $8,400 cash. Apr. 14Purchased $400 of supplies on account. June 30Received $12,000 cash in advance for services to be performed over the next year July 5 Paid $300 of the accounts payable from April 14th Aug. 1Billed a customer for $24,800 of services provided during July. Sept. 1Paid employees salaries of $18,000 cash. Sept. 9 Received $4,250 cash from accounts receivable. Nov. 2 Paid a $500 cash dividend to the stockholders. Dec 31Adjusted records to recognize the services provided on the contract of June 30. Dec 31 Recorded $1,100 of accrued salaries as of December 31st. Dec 31Recorded the rent expense for the year. (See March 1) Dec 31 Physically counted supplies; $50 on hand at the end of the year. Using the attached Excel spreadsheet, do the following: 1. Record the preceding transactions in the general journal. 2. Post the transactions to the T-accounts 3. Prepare a trial balance. 4. Prepare closing entries and post them to the general journal and the T-accounts. 5. Prepare a trial balance after closing. (Post Closing Trial Balance)