The balances for the accounts of XYZ Company for the year ended December 31 are shown below. Each account shown had a normal balance. Accounts Payable Accounts Receivable Building Cash Common Stock Dividends Land Management Revenue Office Supplies Rent Expense Retained Earnings Supplies Expense Unearned Management Fees Wages Expense $6,500 7,000 125.000 ? 50,000 48,000 50,000 175,000 1,200 6,000 68,700 21,500 4,000 $36,000 a. Calculate the balance for the Cash account: b. Calculate the balance for the December 31 balance for Retained Earnings: 2. c. Prepare a pre-closing trial balance. Reminder: a trial balance lists accounts in financial statement order with a debit column and a credit column. You are encouraged to use Excel and copy & paste the statements on the attached blank page or submit a separate Excel document. ABC Incorporated uses the perpetual inventory system and the net method of accounting for purchases. The company had the following transactions during January: January 6: Purchased $4,000 of inventory. The seller's credit terms are 2/10, 1/30. January 8: Returned $200 worth of defective units and received full credit. January 12: Paid the amount due, less the returned items. Calculate the amount paid on January 12. For partial credit, show your calculation in detail. 3. The following information relates to the ABC Company. a. The company has 5 employees, who earn a total of $2,900 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that fiscal year ended April 30, is a Thursday and all employees worked each day and will be paid salaries for five full days on the following Monday. b. Services of $3,000 have been performed for a client. WXY Enterprises, through April 30. The client will pay the entire amount of the contract, $5,000, when services are completed on May 23. c. Paid the employees' salaries on May 4. d. Received payment from WXY Enterprises for services that are now completed on May 23. Using the attached T-account template (or a spreadsheet with the same level of account level detail) prepare the April 30 adjusting entries and the subsequent May 4 and May 23 entries. Assume the company does not prepare reversing entries