Using the below business transactions at Emilys Bakery

Prepare journal entries Post each journal entry into respective Ledger accounts.

Using the account balance for each ledger account, prepare a Trial Balance

Using the adjusting entries, prepare journal entries and post them into their respective ledger account after that prepare an Adjusted Trial Balance.

Using the adjusted Trial Balance, prepare Income Statement, Balance Sheet and Post Trial.

Accounting Transactions. 1. Emily contributed $15,575 to her business. 2. Emily's Bakery purchased equipment on credit for $10,000 3. Bakery paid salary to a temporary staff in the amount of $1,500 4. Company purchased supplies for $2,375. 5. In November 2018, Bakery performed a corporate catering service for $12,500 and received cash of $6,000 and sent an invoice for remaining balance of $6,500 for the catering services rendered. 6. Paid $ 445 in cash for miscellaneous expenses 7. Company purchased insurance premium for $2,400 for two years periods. 8. $25,750 received for the services provided to a client. MID-10548-01 1 9. Company issued a check in the amount of $1,125 for the equipment it purchased. 10. An invoice of $2,575 was sent to a client for the services rendered. 11. On July 31, 2018, the Bakery received a check in the amount of $9,325 for the corporate breakfast services it will provide in the future. 12. January 3, 20018, company paid cash $15,000 to rent a manufacturing facility with $1,000 for the month of January and rest for the next 14-month. 13. On September 30, 2018, Emily's Bakery took out a small business loan of $35,000 from NEU, Bank at an annual interest rate of 6.5% and agrees pay the bank in full including interest on January 31, 2019. 14. The Company paid dividends to Emily for $4,825 15. A check for $1,925 received for the services provided before. 16. A check for $2,500 received for the services provided before