Question: I need help Journaling and adjusting entries please!! Instructions: 1. Journalize the December journal entries 2. Post transactions to ledgers 3. Prepare an unadjusted trial

I need help Journaling and adjusting entries please!!
Instructions: 1. Journalize the December journal entries 2. Post transactions to ledgers 3. Prepare an unadjusted trial balance 4. Journalize and post adjusting entries. Additional information for adjustments is below. a. Adjust for rent paid on December 3. b. The equipment purchased on December 5 has a seven-year useful life and $4,400 salvage value. c. Seven hundred dollars of the office supplies purchased on December 8 are still on hand, d. During December, the company earned $1,500 of the $6,000 advance payment from Barnhill. e On December 31, six days rent has been earned from Chancellor Construction. 5. Prepare an adjusted trial balance 6. Prepare an income statement, statement of retained earnings and a balance sheet. 7. Journalize and post-closing entries. 8 Prepare a post-closing trial balance. Month Dec Day Instructions 1 Issued 50,000 shares of common stock to Tracy and Sarah Spicer in exchange for $250,000. 3 Paid $7,500 to Cousins Realty for three months' rent in advance. 5 Purchased $80,000 of equipment formerly owned by a business that has gone bankrupt. 8 Purchased $1,000 of office supplies from Fuller Office Supply on account. Terms n/30, 8 Received $6,000 in advance from Barnhill Realty Company. 15 Rented equipment for $9,500 (excluding advance payment from Barnhill) and $12,800 on account for the first half of the month. 15 Paid salaries for the first two weeks in December, $4,400. 24 Collected $3,600 on accounts receivable. 26 Rented equipment to Chancellor Construction at a rate of $75 per day. 27 Purchased a one-year insurance policy for $3,600. 29 Received a bill from Topanga Utilities for $700 that is due in 30 days. 29 Received a bankruptcy notice regarding Dickerson Electric and wrote off the $425 accounts receivable balance. 30 Paid salaries for the last two weeks in December, $4,400. 31 Rented equipment for $9,500 and $12,800 on account for the second half of the month
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