Please do not answer the question partially I have already d

*********Please do not answer the question partially. I have already done a few of step #1, please help complete all of the other steps 1-10 an explantion included would be nice as well, I would appriciate it! :)*If you can not help completely or entirely; to the furthest extent please do not leave an answer*******

QUESTION 1 Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file \"Accounting Cycle Excel Template xlsx\". Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense Rent Expense, and Insurance Expense Required: #1 1-Dec Began business by depositing $6000 in a bank account in the name of the company in exchange for 600 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $500 1-Dec Paid the premium on a one-year insurance policy, $480 1-Dec Purchased Equipment for $3600 cash 5-Dec Purchased office supplies from XYZ Company on account, $300 15-Dec Provided services to customers for $5400 cash 16-Dec Provided service to customers ABC Inc. on account, $2500 21-Dec Received $1500 cash from ABC Inc., customer on account. 23-Dec Paid 5170 to XYZ company for supplies purchased on account on December 28-Dec Paid wages for the period December 1 through December 28, $4200 30-Dec Declared and paid dividend to stockholders $200 Post all of the December transactions from the \"General Journal\" tab to the T-accounts under the \"T-Accounts\" tab in the excel template file \"Accounting Cycle Excel Template.xlsx\". Assume there are no beginning balances in any of the accounts. #3. Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31 #4. Prepare the unadjusted trial balance under the \"Unadjusted Trial Balance\" tab in the excel template file \"Accounting Cycle Excel Template·xlsx\" Provide the total of the credit column from the Unadjusted Trial Balance #5. Record the following four transactions as adjusting entries under the \"General Journal\"tab 31-Dec 31-Dec 31-Dec 31-Dec One month\'s insurance has been used by the company $40 The remaining inventory of unused office supplies is $90 The estimated depreciation on equipment is $60 Wages incurred from December 29 to December 31 but not yet paid or recorded total $450 Post all of the adjusting entries to the T-accounts under the \"T-Accounts\" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31 #6

Solution

Journal Entries Dec 31st Date Particular Amount (DR) Amount(Cr) 1-Dec Cash $            6,000.00      To Common Stock $                                     6,000.00 (Being amount deposited in bank in exchange for 600 shares @$10 each) 1-Dec Rent $               500.00    To Cash $                                         500.00 (Being amount paid for Rent) 1-Dec Prepaid Insurance $               480.00        To Cash $                                         480.00 (Being amount of one year Insurance paid) 1-Dec Equipment $            3,600.00      To Cash $                                     3,600.00 (Being amount of equipment purchased) 5-Dec Office Supplies $               300.00       To Accounts Payable $                                         300.00 (Being amount of office supplies purchased on account) 15-Dec Cash $            5,400.00      To Service revenue $                                     5,400.00 (Being amount of service provide to customer in cash) 16-Dec Accounts receivable $            2,500.00       To Service revenue $                                     2,500.00 (Being amount of service provided to ABC Inc. on account) 21-Dec Cash $            1,500.00     To Accounts receivable $                                     1,500.00 (Being amount received from customers) 23-Dec Accounts Payable $               170.00     To Cash $                                         170.00 (Being amount paid to creditors) 28-Dec Wages $            4,200.00      To Cash $                                     4,200.00 (Being amount of wages paid 30-Dec Dividend $               200.00     To Cash $                                         200.00 (Being amount paid for dividend) T-Accounts Cash A/c Particular Amount   Particular Amount To Common Stock $            6,000.00 By Rent $                                            500.00 To Service Revenue $            5,400.00 By Prepaid Insurance $                                            480.00 To Accounts Receivable $            1,500.00 By Equipment $                                         3,600.00 By Accounts Payable $                                            170.00 By Wages $                                         4,200.00 By dividend $                                            200.00 By Bal C/d $                                         3,750.00 Total $         12,900.00 Total $                                      12,900.00 Common Stock Particular Amount   Particular Amount To Balance C/d $            6,000.00 By Cash $                                         6,000.00 Total $            6,000.00 Total $                                         6,000.00 Service Revenue Particular Amount   Particular Amount To B alance C/d $            7,900.00 By Cash $                                         5,400.00 By Accounts Receivable $                                         2,500.00 Total $            7,900.00 Total $                                         7,900.00 Accounts Payable Particular Amount   Particular Amount To Cash $               170.00 By Office Supplies $                                            300.00 To Balance c/d $               130.00 Total $               300.00 Total $                                            300.00 Equipment Particular Amount   Particular Amount To Cash $            3,600.00 By Balance C/d $                                         3,600.00 Total $            3,600.00 Total $                                         3,600.00 Office Supplies Particular Amount   Particular Amount To Accounts Payable $               300.00 By Balance C/d $                                            300.00 Total $               300.00 Total $                                            300.00 Wages Particular Amount   Particular Amount To Cash $            4,200.00 By Balance C/d $                                         4,200.00 Total $            4,200.00 Total $                                         4,200.00 Dividend Particular Amount   Particular Amount To Cash $               200.00 By Balance C/d $                                            200.00 Total $               200.00 Total $                                            200.00 Prepaid Insurance Particular Amount   Particular Amount To Cash $               480.00 By Balance C/d $                                            480.00 Total $               480.00 Total $                                            480.00 Accounts receivable Particular Amount   Particular Amount To Service Revenue $            2,500.00 By Cash $                                         1,500.00 By Balance C/d $                                         1,000.00 Total $            2,500.00 Total $                                         2,500.00 Uadjusted Trial Balance Dec 31st Heads   Debit Credit Cash $            3,750.00 Accounts Receivable $            1,000.00 Prepaid Insurace $               480.00 Office Supplies $               300.00 Equipment $            3,600.00 Accounts Payable $                                         130.00 Common Stock $                                     6,000.00 Service Revenue $                                     7,900.00 Rent Paid $               500.00 Dividend Paid $               200.00 Wages $            4,200.00 Total $         14,030.00 $                                   14,030.00 Adjusted Journal Entries Date Particular Amount (Dr) Amount 31st Dec Insurance A/c=($480/12) $                  40.00        To Prepaid Insurance $                                           40.00 (Being amount of one month insurance expired) 31st Dec Office Supplies Expenses=($300-$90) $               210.00      To Office Supplies $                                         210.00 (Being amount of office supplies expenses 31st Dec Depreciation   $                  60.00      To Accumulated Depreciation $                                           60.00 (Being amount of depreciation) 31st Dec Wages $               450.00     To Wages Payable $                                         450.00 (Being amount of wages incurred but not paid) Adjusted Journal Entries Prepaid Insurance Particular Amount   Particular Amount To Unadjusted Balance $               480.00 By Insurance $                                               40.00 By Balance C/d $                                            440.00 Total $               480.00 Total $                                            480.00 Insurance Particular Amount   Particular Amount To Prepaid Insurance $                  40.00 By Balance C/d $                                               40.00 Total $                  40.00 Total $                                               40.00 Office Supplies Particular Amount   Particular Amount To Unadjusted Balance $               300.00 By supplies Expenses $                                            210.00 By Balance C/d $                                               90.00 Total $               300.00 Total $                                            300.00 Office Supplies Expenses Particular Amount   Particular Amount To Office Supplies $               210.00 By Balance C/d $                                            210.00 Total $               210.00 Total $                                            210.00 Accumulated Depreciation-Equipment Particular Amount   Particular To Balance C/d $                  60.00 By Depreciation $                                               60.00 Total $                  60.00 Total $                                               60.00 Depreciation Particular Amount   Particular Amount To Balance C/d $                  60.00 By Depreciation $                                               60.00 Total $                  60.00 Total $                                               60.00 Wages Particular Amount   Particular Amount To wages Payable $               450.00 By Balance c/d $                                            450.00 Total $               450.00 $                                            450.00 Wages Payble Particular Amount   Particular Amount To Balance C/d $               450.00 By Wages $                                            450.00 Total $               450.00 $                                            450.00 Adjusted Trial Balance Heads   Debit Credit Cash $            3,750.00 Accounts Receivable $            1,000.00 Prepaid Insurace $               440.00 Office Supplies $                  90.00 Equipment $            3,600.00 Accounts Payable $                                         130.00 Common Stock $                                     6,000.00 Accumulated Depreciation $                                           60.00 Wages Payable $                                         450.00 Service Revenue $                                     7,900.00 Rent Paid $               500.00 Dividend Paid $               200.00 Wages $            4,650.00 Insurance $                  40.00 Office Supplies Expenses $               210.00 Depreciation $                  60.00 Total $         14,540.00 $                                   14,540.00 Income Statement Service Revenue $                                     7,900.00 Expenses Rent $               500.00 Wages $            4,650.00 Insurance $                  40.00 Office supplies Expenses $               210.00 Deprecation $                  60.00 $                                     5,460.00 Net Income $                                     2,440.00 Statement of Retained Earnings Net Income $            2,440.00 Less: Dividend   $               200.00 Ending Retained Earnings $            2,240.00