Was wondering if anyone could help me with these few accounting questions based on adjusting and journal entries. Thanks in advance!

Jean Ratelle opened his investment advisory business as a proprietary company (JR Advisors Pty Ltd) on 1 January 2018. He has provided you with the following summary information for the first 12 months of operations. All cash receipts and payments have occurred as indicated in the summary. Jean expects to pay income taxes of 40% on the company's profits Transaction Summa $250,000 01-January-2018 02-January-2018 14-January-2018 14-January-2018 16-January-2018 07-March-2018 Open business bank account with transfer of personal funds EFT for rental of office space. Immediate occupancy. 48 months at $5000 per month. Office equipment purchased for cash to get discount from the retail price of $44,000 The office equipment will be replaced in 5 years at an expected cost of $53,000 Bank loan approved and credited to account. Payable in 2021 Credit sales. EFT payment to be received in 90 days Employee timesheets submitted for work performed. Payment (EFT) to be made in 7 days $240,000 $40,000 $53,000 $200,000 $59,500 $7,900 $31,000 $49,000 14-March-2018 08-April-2018 Cash sales 08-December-2018 Credit sales. EFT payment to be received in 90 days 29-December-2018 E ee timesheets submitted for work to be made in 7 days 8,690 ment EFT elecronic funds transfer You may assume that credit sales "to be received in 90 days" are received in exactly 90 days and that EFT wage payments are made in exactly 7 days. Enter all required journal entries and adjusting entries for the information provided to MYOB. Your entries should result in correctly adjusted financial statements. Generate an Excel copy of each of the reports below by using the MYOB Send To procedure 1. Balance sheet as at 31 December 2018 (MYOB Standard Balance Sheet) 2. Income statement for the 12 months ended 31 Dec 2018 (MYOB Profit & Loss [Accrual]) 3. Statement of cash flow for the 12 months ended 31 Dec 2018 (see Ch. 10 MYOB manual 4. General journal showing all journal entries (see Transaction Journals) 5. General ledger for the 12 months ended 31 Dec 2018 (MYOB General Ledger [Detai])