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Accounting 1 please see both attachments.

Accounting 1 please see both attachments.

 

Using this spreadsheet and the information above, complete the following:

  1. Record the journal entries that occurred during the month of December.
  2. Prepare an unadjusted trial balance.
  3. Create adjusting journal entries at the end of the year (December 31) based on the following adjustment data:
    1. One month’s insurance coverage has expired (refer to the December 10 entry).
    2. The company occupied the warehouse space for the month of December (refer to the December 2 entry).
    3. At the end of the month, $100 worth of office supplies are still available (refer to the December 3 entry).
    4. This month’s depreciation on the soccer equipment is $250.
    5. Employees earned $300 of unpaid and unrecorded salaries as of month-end.
  4. Prepare an adjusted trial balance.
  5. Prepare an income statement, a statement of retained earnings, and a classified balance sheet as of December 31, 2019.

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