Question: need help!! ABC Services, Inc. is the company you started on December 1, 2019. The following transactions occurred during the month of December 2019: 1.

need help!!  need help!! ABC Services, Inc. is the company you started on
December 1, 2019. The following transactions occurred during the month of December
2019: 1. The business was started with a $10,000 capital investment from

ABC Services, Inc. is the company you started on December 1, 2019. The following transactions occurred during the month of December 2019: 1. The business was started with a $10,000 capital investment from the owner and sole shareholder on December 1. 2019. Additional business funding of S10,000 was obtained from a bank lourl on the same day (90 017 NA) 2. Rent of $6,000 for the first months was required which included rent of 52,000 for the month of December 2019. A check of $6,000 was paid on December 20 3. Equipment for $5,000 was purchased on account on December 5th. 4. Services were performed on December 10 for $10,000 and invoiced to the client on the same day, 5. Supplies of $1,000 were purchased on account on December 15 6. Salary for the office assistant of $2,500 was paid on December 15". The office assistant earns a salary of $5,000/month. The next payroll date is January 20 2020. 7. A client paid you $2,500 on December 20 for your services to be performed in 2020 8. An insurance policy payment of $2,400 was made on December 30 for a policy period December 1, 2019 to December 1, 2020 Journalize the above transactions in proper journal entry form (excluding explanations) (16 Points) 1.) Cash You assembled the following data in January 2020 possibly related to transactions in December 2019: 1. A utility invoice dated January 4, 2020 for $600 was received for electricity December 1, 2019 to December 31, 2019 2. Depreciation for the equipment for the month was $100. 3. Supplies existing at December 31, 2019 totaled $400. 4. Interest on the bank loan for the month was $150, no payment has been made. 5. An adjusting entry may be required for the insurance policy. 6. An adjusting entry may be required for salaries. Journalize the above adjustments in proper journal entry form (excluding explanations) (12 Points) Use T-Accounts representing the general ledger to determine the account balances (4 points) Prepare the three basic financial statements in proper format at and for the month ended December 31, 2019 (18 points) Prepare the closing entries for December 31, 2019 in proper journal entry form (6 points) Prepare a post-closing trial balance at December 31, 2019 (4 points)

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