$1.$ Record the transactions $in$ general journal form $-DO$ NOT SKIP LINES BETWEEN EACH TRANSACTION. Round ALL calculations $to$ the NEAREST WHOLE DOLLAR.

$2.$ Post the transactions $to$ the $T-$accounts.

$3.$ Prepare $an$ unadjusted trial balance.

$4.$ Record the adjusting entries. Post the entries $to$ the $T-$accounts.

$5.$ Prepare $an$ adjusted trial balance.

$6.$ Prepare $an$

$a.$ income statement

$b.$ statement $of$ retained earnings

$c.$ balance sheet

$7.$ Record the closing entries. Post the entries $to$ the $T-$accounts.

$8.$ Prepare a post$-$closing trial balance.

$JDT,$ Inc. authorized $20,000$ shares $of$ $$5$ par value common stock. The trial balance $ofJDT,$ Inc. $asof$ January $1,2024,isas$ follows:

Transactions for $2024$:

$1.$ Jan $5th-$ purchased new equipment for $$75,000.$ The corporation paid cash.

$2.$ Jan $20th-$ issued $1,500$ additional shares $of$ the $$5$ par value common stock for $$9$ per share.

$3.$ Feb $3rd-$ paid the salaries payable from $2023.(Hint$: refer $to$ the balance $in$ the account $on$ the trial balance$)$

$4.$ Feb $18th-$ after several attempts $to$ collect from customers, wrote off $$3,100of$ uncollectible accounts receivable.

$5.$ Mar $5th-$ purchased $250$ units $of$ inventory $at$ a cost $of$ $$300$ per unit, paying cash for the purchase.

$6.$ Mar $15th-$ sold $275$ units for $$450$ each. All sales were $on$ account. $(Use$ LIFO $to$ compute the Cost $of$ Goods Sold.$)(Hint$: look $at$ the balance $in$ the account $on$ the Trial Balance and any purchases $of$ inventory during the year$)$

$7.$ Apr $10th-JDT$ Corporation declared $a$ $$25,000$ cash dividend $tobe$ paid $on$ May $15thto$ shareholders $of$ record $on$ April $15th.$

$8.$ May $1st-$ paid $$15,000$ for one year$s$ office rent $in$ advance.

$9.$ May $15th-$ paid dividend declared $on$ April $10th.$

$10.$ June $8th-$ purchased $$500of$ supplies $on$ account. $(Recordto$ Accounts Payable account$)$

$11.$ July $1st-$ sold $$110,000of$ services for the year. Received $$40,000$ cash payments with the remaining $$70,000on$ account.

$12.$ July $15th-$ collected $$165,000of$ accounts receivable during the year.

$13.$ Aug $15th-$ paid salaries $of$ $$60,000.$

$14.$ Sept $1st-$ borrowed $$50,000$ from the bank. Note had $a6\%$ annual rate $of$ interest and will mature $on\frac{8}{31}\frac{?}{2025.}$ Interest and principal are $tobe$ paid $on$ the maturity date.

$15.$ Oct $1st-$ declared $a$ $$1$ per share dividend $on$ the common stock $tobe$ paid $to$ shareholders $of$ record $on$ October $1,tobe$ paid $on$ November $1,2024.(Hint$: determine the original # $of$ shares issued before $2024$ then add the shares issued during $2024)$

$16.$ Nov $1st-$ paid the dividend declared October $1.$

$17.$ Dec $1st-$ paid operating expenses $of$ $$50,000$ for the year.

$18.$ Dec $20th-$ paid the balance $of$ the accounts payable. $(Hint$: look $at$ the balance $in$ the account $on$ the Trial Balance plus transactions during the year$)$

$19.$ Dec $31st-$ made $a$ $$20,000$ payment $on$ the mortgage payable for the building.

$20.$ Dec $31st-$ sold the land for $$30,000$ cash, recognizing the gain $or$ loss.

Adjustments $-$ ROUND ALL CALCULATIONS $TO$ THE NEAREST DOLLAR

$21.$ There was $$250of$ supplies $on$ hand $at$ the end $of$ the year.

$22.$ Recognize expired rent for the office for the year, starting with the date $it$ was paid. $(Hint$: determine the cost $of$ one month $of$ rent based $on$ the information you have$)$

$23.$ Recognize the bad debt expense for the year using the allowance method. $JDT$ Corporation estimates that $1\%of$ current year total sales $on$ account and services $on$ account will not $be$ collected.

$24.$ Recognize depreciation expense $on$ the equipment and building. The corporation uses straight$-$line depreciation for all assets. $(Recordas$ two transactions, one for all equipment and one for the building.$)$

$a.$ New equipment purchased January $5th$ has $an$ estimated life $of7$ years and a salvage value $of$ $$10,000.$

$b.$ Existing equipment was purchased for $$12,000$ and has $a5-$year useful life and $a$ $$2,000$ residual value. The total prior years$$ depreciation $is$ $$6,000.$

$c.$ Building was purchased for $$115,000$ and has $a40-$year useful life and $a$ $$10,000$ residual value. The total prior years$$ depreciation $is$

$$10,500.$

$25.$ Record the accrued interest $on$ the note payable $(September1st$ transaction$)$ for the bank loan $at$ December $31,2024.(Hint$: Create a liability because $itis$ accrued, $so$ NOT YET paid; and $itis$ not for the entire year!$)$