Each step must be in a separate Excel tab. On October 1, 2021, Juan del Pueblo started a promotional products sales company called TarzanProducts. This is dedicated to the sale and printing of promotional items such as caps, t-shirts, among others. Juan del Pueblo uses the calendar year method for reporting purposes and expects to prepare the company's first financial statements by December 31, 2021. Below is the company's initial list of accounts.

Step 1: Prepare journal entries to record the following transactions for TarzanProducts.

Oct 1 Juan del Pueblo invested $8,000 in cash, $5,000 in computer equipment, and $2,500 in office desks and files in the business.

Oct 2 The company paid $300 in cash for the first month of a store lease.

Oct 3 The company purchases a two-year hurricane insurance policy from the insurance company Seguros Tanos for $1,500.

Oct 8 The company paid $200 in cash to Leticia Office Products for office supplies

Oct 10 The company recruited Juanita Flores as a part-time office assistant at $40 per day, based on need.

Oct 12 The company purchased $1,000 for 500 T-shirts and $400 for 400 hats for its inventory.

Oct 17 The company paid $150 in cash to repair a computer equipment that was damaged during the move (Repairs Expense)

Oct 19 The business pays $175 cash for ads on the radio and in the local newspaper

Oct 22 The company sold 30 t-shirts for $150 to Los Cocos Supermarket (NOTE here two entries are made, one for the inventory output, and another for the income obtained)

Oct 24 The company invoiced $1,500 to Coqu Gift Shop for the sale of 300 printed caps for tourists (two tickets)

Oct 27 The company paid $280 in cash to Juanita Flores for salary for 7 days worked

Oct 31 Juan del Pueblo withdrew $250 in cash from the company for personal use

Nov 2 The company paid $300 in cash for the lease for the month of November

Nov 5 The company received $350 in cash for the sale made to Coqu Gift Shop

Nov 10 The company invoiced Hotel Palmeras $500 for printed towels sold

Nov 15 - 24 The company takes a break to celebrate Thanksgiving Week.

Nov 30 The company paid $400 in cash to Juanita Flores as salary for 8 days worked

Nov 30 Juan del Pueblo withdraws $200 in cash from the company for personal use

Dec 2 Paid $325 cash to Promo Inc. for promotion at Costa Linda Mall

Dec 2 The company paid $1,200 in cash for the third month's lease on a store, and three months' rent in advance.

Dec 3 Paid $80 cash for minor repairs to company computers

Dec 4 $250 in cash was received from Hotel Palmeras in credit to your account

Dec 10 Juanita Flores was paid in cash for 6 days of work at a rate of $40 per day

Dec 15 Bought $135 worth of office supplies on credit at Juana Office Products

Dec 16 A reminder letter was sent to Los Cocos Supermarket to collect the items sold on

October 12 Dec 20 The balance due was received in cash from Hotel Palmeras

Dec 24-25 The company was closed in celebration of Christmas Eve and Christmas

Dec 29 Juan del Pueblo was reimbursed in cash for gasoline expenses of $85

Dec 31 Juan del Pueblo withdrew from the company $450 in cash for personal use

Steps 2-6:

2- Prepare the T accounts using the journal entries from step 1

3- Prepare the General Ledger (Trial Balance) using the T accounts

4- Make the necessary adjustment seats (entries) The following events need to be used to record the adjusting entries prior to the preparation of the financial statements for the first three (3) months of the Company's operations:

* office supplies inventory as of December 31 reflects a balance of $45

* three (3) months of insurance purchased on October 3rd have expired

* Juanita Flores is owed four (4) days of work as of December 31, 2021, $40 per day

*computer equipment purchased on October 1 is expected to have a useful life of 4 years with no residual value

5- Prepare the T accounts by adding the adjustment entries to the already created T accounts

6- Make a Statement of Income and Expenses

7- Make a Statement of Changes to Stockholders' Equity

8- Make a Situation Status