Provide adjusting entires and trial balance for a set of transactions.

Answer this following question based on the work I’ll attach: Analyze your transactions and identify five necessary adjusting entries and record each adjusting entry in the general journal. Two prepaid expenses (adjust for the expired portions of prepaid expenses). One accrued expense (record any unpaid expenses at month end e.g. utilities. One unearned revenue (adjust for earned potions of advance service fee received). One accrued revenue (record any earned revenue not yet invoiced or received). Then, post adjusting entries from the general journal and update the corresponding t accounts, then prepare an adjusted trial balance.

Accounting cycle assignment
Company Name: Eventful.
Description:
Eventful is your go-to partner for creating unforgettable experiences. With
creativity, attention to detail, and impeccable execution, we turn your vision into
reality, making every event an eventful success.
Services Offered:
• Event Conceptualization and Design: We work closely with you to develop
unique and innovative event concepts tailored to your preferences and
objectives.
• Venue Selection and Management: From intimate gatherings to grand
celebrations, we help you find the perfect venue and manage all logistics
seamlessly.
• Vendor Coordination: We liaise with trusted vendors to ensure top-quality
services for catering, decor, entertainment, and more, aligning with your
vision and budget.
• On-site Event Management: Our experienced team oversees every aspect
of your event, from setup to teardown, ensuring a smooth and stress-free
experience for you and your guests.
• Customized Event Experiences: Whether it’s a wedding or special
celebration, we tailor every detail to reflect your style and create lasting
memories.
Month long transactions:
1. On the 1st of January 2024, the owner initially invests 3,000,000 QAR, 2,900,000
QAR in capital and 100,000 QAR in office equipment.
2. On the 1st of January 2024, the company pays 12,000 QAR of prepaid rent for 2
years on credit.
3. On the 1st of January 2024, the company prepays 30,000 QAR in cash of 2 years
of prepaid insurance.
4. On the 5th of January 2024, the company purchased 2,000 QAR of office supplies
in cash.
5. On the 6th of January 2024, the company purchased 10,000 QAR of office
furniture on credit.
6. On the 10th of January 2024, the company completed an event for a client and
received 7,000 QAR in cash.
7. On the 13th of January 2024, the company completed an event for a client and
billed the client for 8,000 QAR, the amount should be paid by the 31st of January.
8. On the 17th of January 2024, the company received 11,000 QAR in cash from a
client for a two-day event, that starts on the 31st of January.
9. On the 20th of January 2024, the company pays the 10,000 QAR in cash for the
purchase of office furniture on the 6th of January.
10. On the 21st of January 2024, the company received half of the amount owed in
cash by the client for the services completed on the 13th of January.
11. On the 25th of January 2024, the owner withdrew 20,000 QAR in cash for
personal use.
Journal entries:
Date
01/01/24
01/01/24
01/01/24
05/01/24
06/01/24
10/01/24
13/01/24
17/01/24
20/01/24
21/01/24
25/01/24
Accounts
Cash
Office equipment
Capital
Prepaid rent
Account payable
Prepaid insurance
Cash
Office supplies
Cash
Office furniture
Accounts payable
Cash
Service revenue
Accounts receivable
Service revenue
Cash
Unearned service revenue
Accounts payable
Cash
Cash
Accounts receivable
Owner withdrawals
Cash
Dr
2,900,000
100,000
Cr
3,000,000
12,000
12,000
30,000
30,000
2,000
2,000
10,000
10,000
7,000
7,000
8,000
8,000
11,000
11,000
10,000
10,000
4,000
4,000
20,000
20,000
General ledger:
Cash
Dr
Cr
01/01/24
2,900,000
10/01/24
17/01/24
7,000
11,000
21/01/24
4,000
01/01/24
05/01/24
30,000
2,000
20/01/24
10,000
25/01/24
20,000
2,922,000
2,860,000
62,000
Office equipment
Cr
Dr
01/01/24
100,000
100,000
Capital
Dr Cr
01/01/24
3,000,000
Prepaid rent
Cr
Dr
01/01/24
12,000
12,000
Accounts
payable
3,000,000
Cr
Dr
01/01/24
06/01/24
20/01/24
10,000
12,000
10,000
22,000
12,000
Office supplies
05/01/24
Dr
2,000
Cr
2,000
0
Office furniture
Cr
Dr
06/01/24
10,000
0
10,000
Prepaid insurance
Cr
Dr
01/01/24
30,000
0
30,000
Service revenue
Cr
Dr
10/01/24
13/01/24
7,000
8,000
15,000
Accounts receivable
Cr
Dr
13/01/24
8,000
21/01/24
4,000
0
4,000
Unearned Service revenue
Cr
Dr
17/01/24
11,000
11,000
Owner Withdrawals
Dr
25/01/24
Cr
20,000
20,000
Unadjusted trial balance:
Accounts
Trial balance
Eventful Co.
January 31, 2024
Dr
Cash
2,860,000
Office equipment
100,000
Cr
Accounts payable
12,000
Capital
3,000,000
Prepaid rent
12,000
Office supplies
2,000
Office furniture
10,000
Prepaid insurance
30,000
Service revenue
Account receivable
15,000
4,000
Unearned service
revenue
Owner withdrawals
20,000
Totals:
3,038,000
Adjusting entries:
11,000
3,038,000