Shark Bait, a charter deep sea fishing company, began business on 1/1/2020. A summary of its business

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Shark Bait, a charter deep sea fishing company, began business on 1/1/2020. A summary of its business transactions are as follows. 1. 1/1/20: Bert and Ernie each invest $69,000 ($138,000 total) into the company and received 5,000 total shares of $7 par common stock. 2. Liability insurance was purchased on 2/1/20. The 18 month policy cost $2,400 and was paid in full. 3. On 3/1/20, the company purchased a large fishing boat for $19,000 of which had a down payment of $2,000 and the rest of borrowed from First Hawaiian Bank. The Note Payable’s principle has a 8% annual interest rate due every 6-months while the principle is due at maturity date in 5 years. The item is depreciated using the straight-line method and has a useful life of 7 years. HINT: Make sure to book ALL regular journal entries for 2020 related to this entry. 4. Shark Bait purchased $13,000 of office supplies and lures from Huge Minnows Company on 3/1/20 on account. 5. Shark Bait provided fishing tours and received $24,000 from customers on 4/10/20. 6. Shark Bait paid half of what it owes to Huge Minnows Company on 9/1/20. 7. On 9/1/20, Shark Bait received $8,000 cash for a tour that would take place on 2/4/21. 8. On 10/2/20, Shark Bait received $6,000 cash for the sale of some unused lures that were bought on 3/1/20 for $4,000. 9. Operating expenses incurred and paid as of 12/31/20 which consists of: Salaries: $5,600 Utilities: $9,000 Boat Gas: $1,800 Complete the following items in EXCEL: Prepare Journal Entries in the General Journal Post the journal entries to the General Ledger Prepare Unadjusted Trial Balance as of 12/31/20. Make sure your Debits and Credits are Equal!! Below is the form to be completed: https://docs.google.com/spreadsheets/d/1Ug2eBBq16iSflZmBYFJWbYq575dT9brY-6cOuvVq_vk/edit?usp=sharing