Question: I need the solutions to this problem! Acc cycle 1 The following events occurred Gargantuan's first year of operations: 40 points 1. Acquired $40,000 cash

 I need the solutions to this problem! Acc cycle 1 The

following events occurred Gargantuan's first year of operations: 40 points 1. Acquired
I need the solutions to this problem!

Acc cycle 1 The following events occurred Gargantuan's first year of operations: 40 points 1. Acquired $40,000 cash from the issue of common stock on January 1, 2018 2. Purchased $1,800 of supplies on account 3. Paid $6,600 cash in advance for a one-year lease on office space. 4. Earned $48,350 of revenue on account. 5. Incurred $15,500 of other operating expenses on account 6. Collected $34,00 cash from accounts receivable. 7. Paid $10,000 cash on accounts payable. 8. Paid a $5,000 cash dividend to the stockholders eBook Print References Adjusting Entries information 9. There was $350 of supplies on hand at the end of the accounting period 10. The lease on the office space covered a one-year period beginning November 1 11. There was $5,600 of accrued salaries at the end of the period. Required a. Record these transactions in general journal form b. Post the transaction data from the journal to ledger T-accounts. c. Prepare a trial balance. d-1. Prepare an income statement d-2. Prepare a statement of changes in stockholders' equity. d-3. Prepare a balance sheet. d-4. Prepare a statement of cash flows

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