The following transactions pertain to Price Corporation for 20xx:

Jan. 1Acquired $25,000 cash from the issuance of common stock.Mar.1Paid 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 yearJuly 5Paid $300 of the accounts payable from April 14thAug. 1Billed a customer for $24,800 of services provided during July.Sept.1Paid employees salaries of $18,000 cash.Sept.9Received $4,250 cash from accounts receivable.Nov.2Paid a $500 cash dividend to the stockholders.Dec 31Adjusted records to recognize the services provided on the contract of June 30.Dec 31Recorded $1,100 of accrued salaries as of December 31st.Dec 31Recorded the rent expense for the year.(See March 1)Dec 31Physically counted supplies; $50 on hand at the end of the year.

Record the preceding transactions in the general journal.

Post the transactions to the T-accounts.

Prepare closing entries and post them to the T-accounts.

create trial balance after closing. (Post Closing Trial Balance)

Attached is the document that it should be created in not a separate doc

Date Account 1-Jan Cash Dr Cr 25000 Common Stock 25000 1-Jan _______Cash______ 25000 __Salary Payable_ _Accounts Payable_ Accounts Receivable Unearned Revenue _____Supplies______ __Common Stock__ 25000 Retained Earnings ___Prepaid Rent___ ____Dividend____ 1-Jan ____Revenue_____ ___Rent Expense__ __Supplies Expense__ __Salary Expense__ Price Corporation Trial Balance December 31, 20xx Dr Cash Accounts Receivable Supplies Prepaid Rent Salary Payable Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividend Revenue Rent Expense Supplies Expense Salary Expense Total Cr Price Corporation Post Closing Trial Balance December 31, 20xx Dr Cash Accounts Receivable Supplies Prepaid Rent Salary Payable Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividend Revenue Rent Expense Supplies Expense Salary Expense Total Cr