ABC Inc. established its operation at January $1$st$,2014.$

A$)$ Enter all necessery Journal Entries that occured during the year.

B$)$ Then prepare the adjusting entries, closing entries, financials, worksheet & T accounts.

$\backslash$table$[[1)$ In January, Initial stock issuance:,$$280,000,],[2)$ Bought Equipment for $$28000,10$ years life, $$8000$ residual value,$$28,000,$$$8,000$