$(30$ points$)$ Journalize each transaction in a two$-$column journal referring to the following chart of accounts:$(5$ points$)$ Post the journal to the ledger.$(5$points$)$ Prepare the trial balance as of May $30$ on a ten$-$column work sheet.$(15$ points$)$ Complete the work sheet using the following adjustment data:a$.$ Insurance expired during May is $$1,000$b$.$ Supplies on hand on May $30$ are $$200$c$.$ Depreciation of the equipment for May is $$1200$d$.$ One month of the rent has expirede. Snickers performed $$500$ of the services he was paid in advance forf. Accrued salaries on May $30,$ $$350.$Prepare the following financial statements in good form based on the work sheet.a$.(10$ points$)$Income Statementb. $(10$ points$)$ Statement of Owner's Equityc. $(10$ points$)$ Classified Balance Sheet$(5$ points$)$ Journalize and post the adjusting entries.$(5$ points$)$ Journalize and post the necessary closing entries.$(5$ points$)$ Prepare the Post$-$Closing Trial Balance.$(5$ points$)$ Journalize and post the appropriate reversing entries.