steps $1-8$ need to be solved

$1.$ Record the transactions in general journal form $$ DO NOT SKIP LINES BETWEEN EACH TRANSACTION. Round ALL calculations to the NEAREST WHOLE DOLLAR.

$2.$ Post the transactions to the T$-$accounts.

$3.$ Prepare an unadjusted trial balance.

$4.$ Record the adjusting entries. Post the entries to the T$-$accounts.

$5.$ Prepare an adjusted trial balance.

$6.$ Prepare an

a$.$ income statement

b$.$ statement of retained earnings

c$.$ balance sheet

$7.$ Record the closing entries. Post the entries to the T$-$accounts.

$8.$ Prepare a post$-$closing trial balance.

$$

JDT$,$ Inc. authorized $20,000$ shares of $$5$ par value common stock. The trial balance of JDT$,$ Inc. as of January $1,2024,$ is as follows:

Transactions for $2024$:

$1.$ Jan $5$th $$ purchased new equipment for $$75,000.$ The corporation paid cash.

$2.$ Jan $20$th $$ issued $1,500$ additional shares of the $$5$ par value common stock for $$9$ per share.

$3.$ Feb $3$rd $$ paid the salaries payable from $2023.($Hint: refer to the balance in the account on the trial balance$)$

$4.$ Feb $18$th $$ after several attempts to collect from customers, wrote off $$3,100$ of uncollectible accounts receivable.

$5.$ Mar $5$th $$ purchased $250$ units of inventory at a cost of $$300$ per unit, paying cash for the purchase.

$6.$ Mar $15$th $$ sold $275$ units for $$450$ each. All sales were on account. $($Use LIFO to compute the Cost of Goods Sold.$)($Hint: look at the balance in the account on the Trial Balance and any purchases of inventory during the year$)$

$7.$ Apr $10$th $$ JDT Corporation declared a $$25,000$ cash dividend to be paid on May $15$th to shareholders of record on April $15$th$.$

$8.$ May $1$st $$ paid $$15,000$ for one year$$s office rent in advance.

$9.$ May $15$th $$ paid dividend declared on April $10$th$.$

$10.$ June $8$th $$ purchased $$500$ of supplies on account. $($Record to Accounts Payable account$)$

$11.$ July $1$st $$ sold $$110,000$ of services for the year. Received $$40,000$ cash payments with the remaining $$70,000$ on account.

$12.$ July $15$th $$ collected $$165,000$ of accounts receivable during the year.

$13.$ Aug $15$th $$ paid salaries of $$60,000.$

$14.$ Sept $1$st $$ borrowed $$50,000$ from the bank. Note had a $6\%$ annual rate of interest and will mature on $8/31/2025.$ Interest and principal are to be paid on the maturity date.

$15.$ Oct $1$st $$ declared a $$1$ per share dividend on the common stock to be paid to shareholders of record on October $1,$ to be paid on November $1,2024.($Hint: determine the original # of shares issued before $2024$ then add the shares issued during $2024)$

$16.$ Nov $1$st $$ paid the dividend declared October $1.$

$17.$ Dec $1$st $$ paid operating expenses of $$50,000$ for the year.

$18.$ Dec $20$th $$ paid the balance of the accounts payable. $($Hint: look at the balance in the account on the Trial Balance plus transactions during the year$)$

$19.$ Dec $31$st $$ made a $$20,000$ payment on the mortgage payable for the building.

$20.$ Dec $31$st $$ sold the land for $$30,000$ cash, recognizing the gain or loss.

$$

Adjustments $$ ROUND ALL CALCULATIONS TO THE NEAREST DOLLAR

$21.$ There was $$250$ of supplies on hand at the end of the year.

$22.$ Recognize expired rent for the office for the year, starting with the date it was paid. $($Hint: determine the cost of one month of rent based on the information you have$)$

$23.$ Recognize the bad debt expense for the year using the allowance method. JDT Corporation estimates that $1\%$ of current year total sales on account and services on account will not be collected.

$24.$ Recognize depreciation expense on the equipment and building. The corporation uses straight$-$line depreciation for all assets. $($Record as two transactions, one for all equipment and one for the building.$)$

a$.$ New equipment purchased January $5$th has an estimated life of $7$ years and a salvage value of $$10,000.$

b$.$ Existing equipment was purchased for $$12,000$ and has a $5-$year useful life and a $$2,000$ residual value. The total prior years$$ depreciation is $$6,000.$

c$.$ Building was purchased for $$115,000$ and has a $40-$year useful life and a $$10,000$ residual value. The total prior years$$ depreciation is

$$10,500.$

$25.$ Record the accrued interest on the note payable $($September $1$st transaction$)$ for the bank loan at December $31,2024.($Hint: Create a liability because it is accrued, so NOT YET paid; and it is not for the entire year!$)$