Given below is the post$-$closing trial balance from the previous accounting period.

The assignment is to joumal the transactions and all adjusting entries and post to the ledger.

Produce an adjusted trial balance, an income statement and a statement of retained earnings.

Journal and post closing entries.

Produce a post$-$closing trial balance for the current period.

Wayne Company

Balance Sheet

December $31,2022$

Assets

Current Assets

Cash

Accounts Receivable

Supplies

Total Current Assets

Property, Plant & Equipment

Equipment

Accumulated Depreciation: Equipment

Total Assets

Llabilities

Current Liabilities

Accounts Payable

Unearned Revenue

Income Tax Payable

Total Current Liabilities

Stockholder's Equity

Common Stock

Retained Earnings

Total Stockholder's Equity

Total Liabilities and Stockholder's Equity

A$)$ Journalize, and Post, the following transactions

B$)$ Produce an unadjusted trial balance for the company

On lan $1$st the company issued common stock valued at $$9560$ for cash.

On Jan $6$th the company purchased equipment costing $$20598,$ paying $$12358$ in cash and the remainder on account due in $30$ days.

On Jan $6$ th the company purchased additional supplies, paying $$278$ in cash

On Jan $10$th the company provided services to a customer with a value of $$5045$ who asked to be billed.

On Jan $13$ th the company paid this months utily bill of $$96$ in cash.

On Jan $13$ th the company paid $$1479$ of the outstanding accounts payable balance at the beginning of the month.

On Jan $14$th the company received $$5336$ in cash as an advance on services to be provided next month.

On Jan $14$th the company paid the entire balance of income taxes due to the IRS of $$2712$ which had been accrued in the previous month.

On Jan $16$th the company paid cash of $$208$ in dividends to it's stockholder's.

On Jan $16$ th the company recived $$1516$ of cash from a customer for services rendered.

On Jan $19$th the company, as a gesture of goodwill, decided to pay part of the bill for the equipment purchased on lan $6$ th$.$ A payment of $$3960$ was issued.

On Jan $22$nd the company paid $$1097$ in cash for salaries expense to employees.

On Jan $27$ th the company received $$713$ in cash from customers who had previously been billed.