Beta Construction began operations on January 1, Year 1. Below are the transactions for the first year:

Transaction #	Date	Transaction Description	Amount
1	Jan 1, Y1	Issued common stock for cash	$100,000
2	Jan 15, Y1	Purchased construction equipment on account	$40,000
3	Feb 5, Y1	Paid cash for construction materials	$30,000
4	Mar 1, Y1	Paid cash for labor	$45,000
5	Apr 10, Y1	Completed a construction project (cost: $70,000)	-
6	Jun 20, Y1	Received cash for completed project	$120,000
7	Sep 1, Y1	Paid cash for insurance	$10,000
8	Dec 31, Y1	Paid cash dividends to shareholders	$15,000

Required:

1. Record the transactions in the general journal.
2. Prepare the unadjusted trial balance as of December 31, Year 1.

Prepare the adjusted trial balance after considering necessary adjustments