Can you please create a general ledger for entries 1-32? With T- accounts information as well if possible.

Required:

1.Prepare general journal entries to record each transaction. Omit explanations

2. Post the entries to T-accounts.

3.prepare an unadjusted trail balance and adjusted trail balance

1234567 2 Jan JE 1 Issued Stock for $100,000 cash Prepaid 18 months of rent 2 3 Paid for Insurance for January $135 4 Purchased Inventory for $10,000 ($3,500 on account) Billed for Utilites $115 to be paid in February 5 6 You were prepaid for $750 worth of services from Client 1 Accrued Salaries expense for your crew $2,000 7 9 10 February 8 January Utilities paid 11 9 January Salaries paid 12 10 Service revenue earned from January 11 Your patent was approved for 5 years. Cost $12,000 12 3,000 of Office Supplies were purchased 13 Sold 80% of inventory for $20,000 Purchased $400,000 worth of inventory on account. Freght in was an 14 additional 1% of cost Contracted to provide client services for $2,000 per month beginning 15 March 1st(Client will pay in cash when due) 16 Sold inventory that cost $5.000 for $11.000 on terms 2/10 net 30 Entries Accounts General Ledger Worksheet Income Statement Statem c D A 13 14 15 16 17 18 B W 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 16 Sold inventory that cost $5,000 for $11,000 on terms 2/10 net 30 17 Customer pays for inventory 5 days later 18 Paid $8,000 for social media advertising Purchased inventory on account to bring account Inventory account 19 balance to $500K On April 1, Acquired Land, Building, & Equpment in lump sum purchase for $2M. Market value for each was $500K for land, $500K for Equipment, 20 $1.5M for Building. (Mortgage) *Building has a residual value that is 10% of cost and 40 years useful life *Equipment has no residual value and 8 years of useful life Remainder of the year Info 21 95% of remaining inventory is sold @ 3X total cost. 22 20% of sales were on account. You received $210K in payments. 23 It is estimated that 2% of sales will be uncollectable. 24 You wrote off $2,000 after a customer filed bankruptcy 25 After physical count, $330 of inventory was either missing or damaged. 26 After physical count, $198 of office supplies remained 27 Selling & Admin Expenses were 3% of sales 28 Insurance was paid monthly for the remainder of the year. 35 36 37 38 39 29 Salaries expenses paid for the remainder of the year were $30K. With some spare cash you decide to purchase $10K in debt securities with intent to make quick profts. The securities were sold shortly after 30 purchase for $12,500 With some spare cash you decide to purchase 750 shares of YouPick stock @ $8.50 per share. The amount of equity purchased is not significant. At 31 year end dividends were paid at $1 per share and a stock price of $8.25 Reminder: Perform all necessary adjusting entries for Depreciation, Amortization, prepaids, Interest, etc. This also includes closing 32 entries