1	Dec. 1	Borrow $128,250 from the local bank and signed a five-yearinstallment note with payments of $2,600 at the end of each monthbeginning December 31. The annual interest rate is 8%. Currentportion of the note payable at year end after December payment =$21,875
2	Dec. 1	Purchase a vehicle necessary for business operations for $7,400cash. The vehicle has a six-year life with a residual value of$200
3	Dec. 1	Issue 15,000 shares of no-par value common stock for $5 pershare to obtain the funds necessary to start your business.
4	Dec. 1	Paid $18,000 for one year of insurance in advance.
5	Dec. 1	Purchased a building for $50,000. Paid $2,000 in back taxes;$2,000 in realty fees. It has a 25-year useful life with residualvalue of $6,000.
6	Dec. 3	Purchase supplies on account, $5,000.
7	Dec. 3	Purchase 300 units of inventory with terms 2/10 net 30.
8	Dec. 6	Provide 28 hours of services to customers for cash (calculateusing your hourly service rate) no terms specified.
9	Dec. 10	Sell 150 units of inventory on account. (Perpetual method = 2entries)
10	Dec. 12	Company pays invoice for inventory purchased on December3rd within discount terms. (perpetual method)
11	Dec. 15	Sell 50 units of inventory to a customer on account with a salesdiscount of 4/10, n/30. (Perpetual method= 2 entries)
12	Dec. 20	The customer who purchased product on December 15thpays the amount due (within discount period).
13	Dec. 23	Receive cash in advance for 27 hours of services to be completedin the future.
14	Dec. 25	Purchase an additional 250 units of inventory for cash.
15	Dec. 31	Sell 200 units of inventory to a customer who signs a 6-monthpromissory note at 12% interest for the balance due. This noteoriginated end of month so no interest would be accrued. (perpetualmethod = 2 entries)
16	Dec. 31	Pay employee salaries, $5,000.
17	Dec. 31	Pay cash dividends to shareholders of $0.05 pershare.
18	Dec. 31	Vehicle did not meet expectations sold back to dealership for$7,000. (Record depreciation at date of sale and then recordsale).
19	Dec. 31	Record the $2,600 installment payment on the $128,250installment note borrowed on December 1st. The annualinterest rate is 8%.

Help with any of these parts would be appreciated it doesn'tneed to be all of it

Part 2– General Journal (LO3-2) – Record thefollowing transactions in the General Journal

Customers are charged $91per hour for servicesrendered

Customers are charged $65 for eachunitpurchased

Inventory can be purchased for $30 per unit

Part 3 – General Ledger (LO3-2) – Post theinformation from the journal entries into the general ledger andcalculate balances.   

Part 4 – Trial Balance (LO3-2) – Complete atrial balance from the information in the General Ledger.

Part 5 – Adjusting journal Entries – (LO3-3) –Record the following adjusting entries in the General Journal.

Adj-1	Dec. 31	The company has $1,200 of supplies left at the end of themonth.
Adj-2	Dec. 31	Record the portion of the Prepaid Insurance used inDecember.
Adj-3	Dec. 31	Record one month of depreciation for the building purchased onDecember 1st.
Adj-4	Dec. 31	Employees earned $1,000 in salaries the last week in Decemberthat will be paid on January 10th of next year.
Adj-5	Dec. 31	Record the receipt of a December $500 Freight bill to sendproduct to customer to be paid on January 6th.
Adj-6	Dec. 31	The company is being sued for $2,000. The company believes is itprobable that they will lose and will pay the $2,000 three yearsfrom now.
Adj-7	Dec. 31	By the end of the month, 10 hours of the services that were paidfor in advance were provided to customers.
Adj-8	Dec. 31	Using the percentage-of-receivables method, record theadjustment of uncollectible accounts. It is estimated that 4% ofending accounts receivable will be uncollectible.
Adj-9	Dec. 31	Income taxes for the year are $520 and will be paid inJanuary.

Part 6 – General Ledger - Post the adjustingentries to the General Ledger.   

Part 7 – Adjusted Trial Balance (LO3-3) –Complete an Adjusted Trial Balance using the information from theGeneral Leger.  Debits should equal credits if you havedone the prior steps correctly.

Part 8– Prepare the end of month IncomeStatement (LO3-4).

Part 9 – Prepare the end of month RetainedEarnings Statement (LO3-4).

Part 10– Prepare the end of month Balance Sheet(LO3-4).

Part 11– Closing Entries – Record closingentries in the General Journal and post them to the GeneralLedger

Part 12– Prepare a Post-Closing TrialBalance.