I've done everything up until section H but I am stuck on the Instruction section. image 4 is the beginning of my journalizing but I am unsure on how to breakdown each entry into its own chart.

CNMDRFHFNCIVF DRORI FMM 1 COMPREHENSIVE PROBLEM 1 SUSQUEHANNA EQUIPMENT RENTALS (continued) Dee. 26 Rented a backhoe to Mission Landscaping at a price of $300 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec, 26 Paid biweckly salaries, $6,240. Dec, 27 Paid the account payable to Earth Movers, Inc., $720, Dec, 28 Declared a dividend of 12 cents per share, payable on January 15, Year 2 . Dec. 29 Susquehanna Equipment Rentals was named, along with Mission Landscaping and Collier Construction, as a co-defendant in a $30,000 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced consiruction site owned by Collier Construction. After working hours on December 26, Davenport had climbed the fence to play on parked construction equipment. While playing on the backhoe, be fell and broke his arm. The extent of the company's legal and financial responsibility for this accident, if any, cannot be determined at this time, (Note: This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statements.) Dec. 29 Purchased a 12-month public liability insurance policy for $11,520. This policy protects the company against liability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1 , Year 2 , and affords no coverage for the injuries sustained by Kevin Davenport on December 26 . Dec. 31 Received a bill from Universal Utilities for the month of December, $840. Dec. 31 Equipment rental fees carned during the second half of December amounted to $24,000, of which $18,720 was received in cash. Data for Adjusting Entries in Year 1 a. The advance payment of rent on December 1 covered a period of three months. b. The annual interest nate on the note puyable to Rent-it is 6 percent. c. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negligible and immaserial. d. Office supplies on hand at December 31 are extimated at $720. e. During December, the company earned $4,440 of the rental fees paid in advance by McNamer Construction Company on December 8 . f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 26 has been earned. g. Salaries earned by employees since the las payroll date (December 26 ) amounted to $1,680 af month-end. h. It is estimated that the company is subject to a combined federil and itate income tax rate of 40 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2 . Instructions a. Perform the following steps of the accoanting cycle for the moath of December, Year 1 . 1. Journalize the December transactions. Do not record adjusting entries at thais point. 2. Post the December transactions to the appropriate ledger accounts. 3. Prepare the unadjusted trial balance columns of a 10 -column worksheet for the year ended December 31 4. Prepare the necessary adjusting entries on December 31. 5. Post the December adjusting entries to the appropriate ledger accounts, 6. Compicte the 10 eolumn work sheet for the year ended December 31 . CNMDRFHFNCIVF DRORI FMM 1 COMPREHENSIVE PROBLEM 1 SUSQUEHANNA EQUIPMENT RENTALS (continued) Dee. 26 Rented a backhoe to Mission Landscaping at a price of $300 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec, 26 Paid biweckly salaries, $6,240. Dec, 27 Paid the account payable to Earth Movers, Inc., $720, Dec, 28 Declared a dividend of 12 cents per share, payable on January 15, Year 2 . Dec. 29 Susquehanna Equipment Rentals was named, along with Mission Landscaping and Collier Construction, as a co-defendant in a $30,000 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced consiruction site owned by Collier Construction. After working hours on December 26, Davenport had climbed the fence to play on parked construction equipment. While playing on the backhoe, be fell and broke his arm. The extent of the company's legal and financial responsibility for this accident, if any, cannot be determined at this time, (Note: This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statements.) Dec. 29 Purchased a 12-month public liability insurance policy for $11,520. This policy protects the company against liability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1 , Year 2 , and affords no coverage for the injuries sustained by Kevin Davenport on December 26 . Dec. 31 Received a bill from Universal Utilities for the month of December, $840. Dec. 31 Equipment rental fees carned during the second half of December amounted to $24,000, of which $18,720 was received in cash. Data for Adjusting Entries in Year 1 a. The advance payment of rent on December 1 covered a period of three months. b. The annual interest nate on the note puyable to Rent-it is 6 percent. c. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negligible and immaserial. d. Office supplies on hand at December 31 are extimated at $720. e. During December, the company earned $4,440 of the rental fees paid in advance by McNamer Construction Company on December 8 . f. As of December 31, six days' rent on the backhoe rented to Mission Landscaping on December 26 has been earned. g. Salaries earned by employees since the las payroll date (December 26 ) amounted to $1,680 af month-end. h. It is estimated that the company is subject to a combined federil and itate income tax rate of 40 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2 . Instructions a. Perform the following steps of the accoanting cycle for the moath of December, Year 1 . 1. Journalize the December transactions. Do not record adjusting entries at thais point. 2. Post the December transactions to the appropriate ledger accounts. 3. Prepare the unadjusted trial balance columns of a 10 -column worksheet for the year ended December 31 4. Prepare the necessary adjusting entries on December 31. 5. Post the December adjusting entries to the appropriate ledger accounts, 6. Compicte the 10 eolumn work sheet for the year ended December 31