Jeremy Johnson incorporated a consulting rm named Johnson's Consulting Ltd. in December 201?

Required: Part A - Prepare journal entries for the December transactions.

Jeremy records adjustments monthly. Adjustment data for the month of December is as follows:

Accrual of interest on bank loan (calculate on 31 days and round to nearest dollar)

Adjustment of prepaid rent

Computer equipment depreciation, using the straight-line method of depreciation

Supplies were counted on December 31and there was $540 of supplies remaining.

Salary for the Admin Assistant to the end of the month (5 days)

Required: Part B - Prepare all adjusting journal entries.

Required: Part C - Post all journal entries to T accounts

Required: Part D - Prepare an adjusted trial balance as at December 31 2017.

Required: Part E - Prepare an Income Statement, Statement of Changes in Equity and classified Statement of Financial Position for the Company's bank to review.

Required Part F - Prepare the closing journal entries and post to T accounts.