$1)$ Prepare a trial balance as of December $31$

$2)$ Prepare adjusting journal entires on December $31$ based on the following additional information:

a$)$ The Spaceship has a $10-$year life, with no salvage value.

b$)$ Supplies on hand at year end amount to $$650,000.$

c$)$ Employees earned wages of $$480,000$ during December $2022,$ which will be paid in January $2023.$

d$)$ The insurance policy covered a $12-$month period.

e$)$ Provided services in the amount of $$950,000$ for NASA who paid deposits on December $15$th to pre$-$arrange a delivery of supplies to the International Space Station.

$3)$ Prepare an adjusted trial balance as of December $31.$

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On December 1, 2022, Sean Spaceman formed a corporation, Space Travel, Inc. to launch a commercial spaceship into space. In this new business, Space Travel, Inc. partnered with NASA to deliver various payloads to the International Space Station to offset costs. Below is a listing of transactions Space Travel, Inc. experienced during its first month of operations. Reference Date Transaction # 1 12/1 2 12/3 3 12/3 4 12/4 5 12/8 6 12/10 7 8 12/12 12/13 9 12/15 10 12/15 11 12/15 12 12/19 13 12/19 14 12/20 15 12/20 16 12/31 Investors provided $47,000,000 of cash in exchange for stock of Space Travel, Inc. Purchased one spaceship from Elon Musk costing $17,000,000 in exchange for $6,000,000 cash and a $11,000,000 note payable Purchased and paid for a one-year insurance policy on the spaceship for $547,200 Purchased $1,700,000 of supplies on account. Paid wages of $380,500 to his employees for work performed Delivered supplies to the International Space Station and billed NASA for this service in the amount of $7,500,000 Paid $790,000 of the amount owed for the transaction on Dec 4 (purchased $1,700,000 of supplies on account) Collected $1,250,000 on the accounts receivable established when Space Travel, Inc. billed NASA on delivery services to the International Space Station. This delivery was already performed on 12/10 Paid wages of $395,000 Paid $1,800,750 for fuel costs used in traveling to the International Space Station Collected $2,980,000 as deposits from individuals who contracted for future rides in the spaceship Paid $1,700,000 of the Note Payable established when Sean purchased the spaceship Billed NASA for delivery services provided in the amount of $3,000,000 for a trip to the International Space Station Collected $950,000 on accounts receivable Purchased $750,000 of additional supplies on account Paid a $1,850,000 cash dividend to shareholders. On December 1, 2022, Sean Spaceman formed a corporation, Space Travel, Inc. to launch a commercial spaceship into space. In this new business, Space Travel, Inc. partnered with NASA to deliver various payloads to the International Space Station to offset costs. Below is a listing of transactions Space Travel, Inc. experienced during its first month of operations. Reference Date Transaction # 1 12/1 2 12/3 3 12/3 4 12/4 5 12/8 6 12/10 7 8 12/12 12/13 9 12/15 10 12/15 11 12/15 12 12/19 13 12/19 14 12/20 15 12/20 16 12/31 Investors provided $47,000,000 of cash in exchange for stock of Space Travel, Inc. Purchased one spaceship from Elon Musk costing $17,000,000 in exchange for $6,000,000 cash and a $11,000,000 note payable Purchased and paid for a one-year insurance policy on the spaceship for $547,200 Purchased $1,700,000 of supplies on account. Paid wages of $380,500 to his employees for work performed Delivered supplies to the International Space Station and billed NASA for this service in the amount of $7,500,000 Paid $790,000 of the amount owed for the transaction on Dec 4 (purchased $1,700,000 of supplies on account) Collected $1,250,000 on the accounts receivable established when Space Travel, Inc. billed NASA on delivery services to the International Space Station. This delivery was already performed on 12/10 Paid wages of $395,000 Paid $1,800,750 for fuel costs used in traveling to the International Space Station Collected $2,980,000 as deposits from individuals who contracted for future rides in the spaceship Paid $1,700,000 of the Note Payable established when Sean purchased the spaceship Billed NASA for delivery services provided in the amount of $3,000,000 for a trip to the International Space Station Collected $950,000 on accounts receivable Purchased $750,000 of additional supplies on account Paid a $1,850,000 cash dividend to shareholders.