E2-20 Journalizing transactions, posting, and preparing a trial balance [10 min] In December, 2012, the first five transactions of Adams’ Lawn Care Corporation have been posted to the accounts as follows:

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E2-20 Journalizing transactions, posting, and preparing a trial balance [10 min]
In December, 2012, the first five transactions of Adams’ Lawn Care Corporation have been posted to the accounts as follows:

:::TABLE PAGE 107


Requirements
1. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry as illustrated on page 87.
2. Prepare the trial balance of Adams’ Lawn Care Corporation at December 31, 2012.