Using the following information, complete the accounting cyde-Journalize, post to the ledger, prepare unad usted trial balance, prepare necessary adjustments on the basis of the information in the listed transactions, post your adjustments to the ledger and prepare an adjusted trial balance. The prepare an income statement, and caring statement and balance sheet pre doing entries, and post closing trial balance. This is an individual exam, not a team project. Do not seek help and do not provide help to anyone in performing the exam An irreguarity wit bad to an in the course Jan 1, 2007 Avery Munnings started legal services and also engaged in manufacturing as well as merchandising operation. Avery Munnings registered his company as Avery Munnings Corporation. During the month of the company's existence, the following operations took place Jan 1 The company sold common stock of $3,500,000 to raise capital Jan 1 Paid Ront of $6,000 for off-site storage facility to cover the first twelve months of operation starting from Jan 1 Jan 1 Altor conducting an interview with Kardyl Smith, the company hired her at a monthly salary of $2.500. Kardyl Smith needed immediate cash before starting to work and the company paid her $5,000 as a salary advance to cover the first two months of her services starting from January 1 Jan 1 Received $24,000 from John for legal services to be performed for him over a period of 12 months starting from January Jan 1 to purchase is the office buiding has a life of P0 years, salvage value of $50,000, and the comparses origine method of depreciation Purchased Office Building for 5500.000, making a down payment of 200000 and paving a promissory note to be paid at once at the end of 4 years. The market interest rate at the time of Jan 1 Sold $400,000 125 10 year bond at a yold of 10% Interest is paid once every January of the year Jan 2 Purchased goods on account from Jon, 5400.000 Term 3/16,000. Fou destination. The buyer prepaid transportation charge 30.000 Jan 1, Sold goods of $200,000 on account to George. Term0;w30 Foo shipping point Georpo paid transportation cost of $5.000. The cost of the goods told to corpo was 500.000 Jang George returned $8.000 goods that had a cost of $2.000 Jun 5 Returned $20,000 goods to do Jan 5 Bought Office Supplies for $18,000 from Office Depot, paying $6,000 now and agreeing to pay the balance on February 28 Jan 5 Bought materials for $350,000 cash Requisitioned for 570,000 direct materials which were put into producto process Jan 6 Requisitioned for $15,000 indirect materials which were put into production process Jan 6 Using the following information, complete the accounting cyde-Journalize, post to the ledger, prepare unad usted trial balance, prepare necessary adjustments on the basis of the information in the listed transactions, post your adjustments to the ledger and prepare an adjusted trial balance. The prepare an income statement, and caring statement and balance sheet pre doing entries, and post closing trial balance. This is an individual exam, not a team project. Do not seek help and do not provide help to anyone in performing the exam An irreguarity wit bad to an in the course Jan 1, 2007 Avery Munnings started legal services and also engaged in manufacturing as well as merchandising operation. Avery Munnings registered his company as Avery Munnings Corporation. During the month of the company's existence, the following operations took place Jan 1 The company sold common stock of $3,500,000 to raise capital Jan 1 Paid Ront of $6,000 for off-site storage facility to cover the first twelve months of operation starting from Jan 1 Jan 1 Altor conducting an interview with Kardyl Smith, the company hired her at a monthly salary of $2.500. Kardyl Smith needed immediate cash before starting to work and the company paid her $5,000 as a salary advance to cover the first two months of her services starting from January 1 Jan 1 Received $24,000 from John for legal services to be performed for him over a period of 12 months starting from January Jan 1 to purchase is the office buiding has a life of P0 years, salvage value of $50,000, and the comparses origine method of depreciation Purchased Office Building for 5500.000, making a down payment of 200000 and paving a promissory note to be paid at once at the end of 4 years. The market interest rate at the time of Jan 1 Sold $400,000 125 10 year bond at a yold of 10% Interest is paid once every January of the year Jan 2 Purchased goods on account from Jon, 5400.000 Term 3/16,000. Fou destination. The buyer prepaid transportation charge 30.000 Jan 1, Sold goods of $200,000 on account to George. Term0;w30 Foo shipping point Georpo paid transportation cost of $5.000. The cost of the goods told to corpo was 500.000 Jang George returned $8.000 goods that had a cost of $2.000 Jun 5 Returned $20,000 goods to do Jan 5 Bought Office Supplies for $18,000 from Office Depot, paying $6,000 now and agreeing to pay the balance on February 28 Jan 5 Bought materials for $350,000 cash Requisitioned for 570,000 direct materials which were put into producto process Jan 6 Requisitioned for $15,000 indirect materials which were put into production process Jan 6