You will be asked to prepare these items: monthly journal entries, an unadjusted trial balance for the Winston Design Company, and adjusted journal entries from the Adjusted Trial Balance for Hot Rock Jewelry Store. Afterward, you will prepare the financial statements: Income statements, Statements of Retained Earnings, and the Balance Sheet. Reminder: monthly journal entries and end-of-the-month adjusting entries must be written correctly. Debits first and then Credits and a brief explanation. Financial statements require a heading: name of the company, name of statement, and date. The following questions (1 through 10) are for Winston Design Company, which makes animated films.

1.Winston Design received $250,000 cash from investors and awarded common stock in exchange

2. Winston Design purchased new Equipment for $18,500, paid 10% as a down payment, and signed

a promissory note for the remainder of the amount owed.

3. Winston Design completed a film for their customer and received $7,500 in cash.

4. Winston received an order from a customer to produce a film about college students. The customer paid

$12,400 in advance

5. Winston decided to pay 12 months of insurance in advance by check; the total policy amount was $18,000.

6. Winston purchased office supplies from Office Depot and put the supplies on account; the total invoice was $2,460.

7.Winston paid the following bills by check: Printing Expenses - $580, Electricity - $320, Internet - $200, and the part-time

receptionist employee for two weeks' salary - $840.

8.Winston completed an animated film project and delivered it to the customer; the customer asked Winston

to put the film on account; the total project cost was $16,800.

9. Dividends were paid to investors for $2,300; these dividends were paid by check.

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16. Prepare an Adjusted Trial Balance for the Hot Rock Jewelry Store for July 2023.

17. Using the Adjusted Trial Balance for July 2023, prepare an Income Statement. 18. Prepare a Statement of Retained Earnings using the Adjusted Trial Balance for July 2023. 19. Using the adjusted trial balance for july 2023prepare a balance sheet.

Use the Hot Rock Jewelry Store Unadjusted Trial Balance to complete the questions. There is a tamnlato included in the instructions. Iry Store: SALARIES: The Hot Rock Jewelry Store pays all employees each Friday by check. The weekly payroll (5-day work week) is $7,140; the last day of October was Monday. Use the Hot Rock Jewelry Store Unadjusted Trial Balance to complete the questions. There is a template included in the inctrurtion Store: INSURANCE: The insurance policy is for six (6) months; prepare the adjustment for October. Use the Hot Rock Jewelry Store Unadjusted Trial Balance to complete the questions. There is a template included in the instrustinn Store: PEPRECIATION: The July depreciation for the Van is $2,230, and the depreciation for the Building is $3,930. Use the Hot Rock Jewelry Store Unadjusted Trial Balance to complete the questions. There is a template included in the instructions. Prepare the following adjusting journal entry for the Hot Rock Jewelry Store: REVENUE: The Hot Rock Jewelry Store received five customer payments in advance for jewelry rings. The Jewelry Store completed three projects. Use the Hot Rock Jewelry Store Unadjusted Trial Balance to complete the questions. There is a tamulnta in-luidad in tha inctriurtione Store: JEWELRY SUPPLIES: After an inventory count, it was determined that the company had $1,410 left in jewelry supplies