- There were 10,000 shares issued and outstanding on July 31,2023. - Depreciation on the building is $500 per month. - Apex Consulting Corp.'s salaries expense is a total of $950 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). \begin{tabular}{||c|c|c|c|c|} \hline \multicolumn{2}{|c}{ General Journal } & \multicolumn{2}{c|}{ Page GJ4 } \\ \hline Date & Account/Explanation & D & Debit & Credit \\ \hline 31/Aug & DividendsCashDividends & & 1,600 & 1,600 \\ \hline \end{tabular} a) Prepare the appropriate adjusting entries on August 31,2023 . HINT: Where might you look to find information to prepare the adjusting entries? NOTE: The adjusting entries will be automatically posted to the general ledger when you click 'submit' and the correct adjusted general ledger balances will be available in the solution to Part 4. b) What is the next step in the accounting cycle? Prepare financial statements Prepare closing entries Analyze and journalize transactions Prepare an unadjusted trial balance Prepare a post-closing trial balance Prepare an adjusted trial balance Post transactions This is the last step