I have an assignment for my accounting principles course. I do not understand it$.$ I need help with its entirety. P$2-41$ Journalizing transactions, posting to T$-$accounts, and preparing a trial balance Chapter $1.$ Here you will account for Daniels Consulting's transactions as it is actually done in practice. Daniels Consulting completed the following transactions during December $2016$: Dec. $2$ Daniels contributed $$20,000$ cash in exchange for capital. $2$ Paid monthly office rent, $$2,000.3$ Paid cash for a computer, $$3,600.$ This equipment is expected to remain in service for five years. Purchased office furniture on account, $$3,000.$ The furniture should last for five years. $5$ Purchased $0$ifice supplies on account, $$800.9$ Performed consulting service for a client on account, $$2,500.12$ Pad utilities expenses, $$15018$ Performed service for a client and received cash of $$2,100.21$ Received $$2,400$ in advance for client service to be performed in the future $21$ Hired an administrative assistant to be paid $$2,055$ on the $20$th day of each month. The secretary begins work immediately $26$ Pad $$200$ on account. $28$ Collected $$400$ on account. $30$ Daniels withdrew $$1,000.$ Requirements Journalize the transactions, using the following accounts: Cash: Accounts Receivable; Office Supplies: Equipment: Furniture: Accounts Payable; Unearned Revenue; Daniels, Capital: Daniels, Withdrawals; Service Revenuer Rent Expense; and Utilities Expense. Explanations are not required. Open a T$-$account for each of the accounts. Post the journal entries to the T accounts and calculate account balances. Formal posting references are not recurred. Prepare a trial balance as of December $31,2016.$ Prepare the income statement of Daniels Consulting for the month ended December $31,2016.$ Prepare the statement of owner's equity for the month ended December $31,2016.$ Prepare the balance sheet as of December $31,2016.$ Calculate the debt ratio for Daniels Consulting at December $31,2016.$