Please complete all question

a Spring Company is a merchandising company. At the beginning of December, 2020, Spring had the following account balances. Credit Accounts Cash $ Debit Accounts $ 11,800 Accumulated Depreciation-Equipment 7,500 Accounts Payable 3,700 Accounts Receivable 8,900 Inventory 18,000 Salaries and Wages Payable 4,200 4,500 Supplies Equipment Owner's Capital 50,000 25,000 S $ Total 66,800 66,800 Requirements: 1. The following ten transactions were completed during December: given by student (at least two purchase of merchandise transactions and at least two sales of merchandise transactions; at least one purchase of merchandise transaction with discount term and Spring paid within discount period; at least one sales of merchandise transaction with discount term and Spring's customer paid within discount period). (1.5 marks) 2. Journalize the December transactions using a perpetual inventory system. (2.25 marks) 3. Using T-accounts, enter the beginning balances in the ledger accounts and post the December transactions. (2.25 marks) 4. At least three adjusting transations are give by student. Journalize the adjusting entries that were made and post adjusting entries to ledgers. (1 mark) 5. Prepare an adjusted trial balance on December 31, 2020. (0.5 marks) 6. Prepare a single-step income statement for December, 2020. (1 mark) 7. Journalize and post the closing entries that are necessary. (1 mark)