financial accounting

Directions: The following information represent a full case for the same company. You are required to perform the accounting cycle steps as directed. Be organized and neat.
CLO 1, 2, 3 and 4.
Transactions for Adam Company for the Adam 2019 are presented below.
1. 1/1/2019 Issued ordinary shares in exchange for $99,000 cash.
2. 5/2/2019 Purchased land costing $43,200, for cash.
3. 3/3/2019 Performed a services for company x on account for $310,000.
4. 1/4/2019 Received $264,800 for the services performed on 3/3/2018.
5. 10/5/2019 Purchased Equipment for $110,000 in cash
6. 15/8/2019 Purchased supplies on account for $10800.
7. 14/11/2019 Paid $4800 for a one-year insurance policy.
8. 1/12/2019 paid the following expenses in cash: utilities exp 12800 : salaries exp 50000 : rent exp 131000.

First: Journalize each transaction, post and balance to accounts, and then prepare the Unadjusted trial balance.
At year end 31/12/2019 , the following information are avaiable for you.
Insurance expired during the year, $2,000.
Depreciation on furniture and equipment, 15000 per year
A count of supplies on December 31, 2018, indicates that supplies of €5800 are on hand.
Salaries of 8000 are unpaid and due.
Adam Company performed disinfecting services for a client in December 2018. The client will be billed €3,000.
Second: Prepare the necessary adjusting entries and then prepare the trial balance after the adjusting entries.

Third: Prepare the Income Statement, Retained Earnings statement, and financial Position statement at 31/12/2019

Fourth: Prepare the necessary closing entries.

Fifth: prepare a post-closing trial balance