Lambda IT Solutions began operations on January 1, Year 1. Below are the transactions for the first year:

Transaction #	Date	Transaction Description	Amount
1	Jan 1, Y1	Issued common stock for cash	$140,000
2	Jan 20, Y1	Purchased office equipment on account	$25,000
3	Feb 10, Y1	Paid cash for office rent	$15,000
4	Mar 5, Y1	Paid cash for software development expenses	$45,000
5	Apr 15, Y1	Provided IT services on account	$55,000
6	Jun 20, Y1	Collected cash from customers	$50,000
7	Sep 1, Y1	Paid cash for employee training	$5,000
8	Dec 31, Y1	Declared and paid cash dividends	$12,000

Required:

1. Record the transactions in the general ledger.
2. Prepare the unadjusted trial balance as of December 31, Year 1.
3. Prepare the adjusted trial balance after considering necessary adjustments.