Use the MAA261 Bed Heaven Pro Forma Journals and Ledgers file to complete Part A of the assignment. This file contains the journals, ledgers, Adjusted Trial Balance, Statement of Changes in Equity, Statement of Financial Performance and Statement of Financial Position. Note that this file is supplied in “word” format so that you can adjust the columns or add ledgers if you wish to do so.1. Using the information provided record all transactions for the month of December in the appropriate:a. General Journal and then. b.The general ledger (note it is optional to complete subsidiary ledgers, however it is recommended as they will assist you) 2.Please acquire a thorough understanding about the recording process before you enter transactions (please refer the relevant lecture and tutorial material and the text book for further information). 3.You are then required to record the end of month balance day adjustments in the general journal and post to the relevant general ledger accounts. 4.Prepare an adjusted trial balance as at 31st December 2016, i.e. after posting all balance day adjustments. If the trial balance does not balance do not proceed until it does. 5. You are not required to produce general ledger closing entries as it is not the end of the financial year but for your own purposes you may find it useful to prepare the closing entries. 6. Prepare an Income Statement for the month ended 31st December 2016, Statement of Changes in Equity for the month ended 31st December 2016, and a Statement of Financial Position as at 31st December 2016.