Use the journal and complete the requirements.

1. Prepare Price corporations T account
2. Prepare trial balance
3. Prepare Income statement and statement of changes in stock holders equity
4. Prepare balance sheet

Price Corporation General Journal, 2016 Date Account Titles Debit Credit Jan. 1 25,000 Cash Common Stock 25,000 Mar. 1 8,400 Prepaid Rent Cash 8,4001 Apr. 14 Supplies Accounts Payable 400 12,000 30-Jun Cash Unearned Revenue 12,000 5-Jul Accounts 300 Payable Cash 300 Aug. 1 4,800 Accounts Receivable Service Revenue 4,800 Aug. 8 1,600 Cash Service Revenue 1,600 Sept. 1 18,000 Salaries Expense Cash 18,000 Sept. 9 4,250 Cash Accounts Receivable 4,250 Oct. 5 17,000 Accounts Recelvable Service Revenue 17,000 Nov. 2 Dividends Cash 500 Adjusting Entries Dec. 31. Unearned Revenue ($12,000 x Service Revenue . 6,000 6,000 Dec. 31 - Salaries Expense Salaries Payable 1,100 1,100 Dec. 31. 3,500 Rent Expense ($8,400 x 10/24) Prepaid Rent 3,500 Dec. 31 Supplies Expense ($400 $50) | Supplies 350 350