InstructionsACTG 381Pre-requisite Knowledge AssessmentSpring 2020Purpose of the Assessment: This take home assessment has been designed as a review of the pre-requisite accounting knowledge necessary to be successful in ACTG 381. This assessment focuses on recording basic accounting transactions/journal entries, understanding T accounts, and creating a set of financial statements. It is also intended as an opportunity to practice using basic Excel functions. The accounting issues included in this assessment are assumed to have been covered in your prerequisite financial accounting course. If you need a reference, you could refer to the textbook from your pre-requisite accounting course, WileyPlus Chapter 0 Reading Assignment and Problems, or Chapter 3 in the textbook for this class. Students who are unable to successfully complete this assessment should consider taking ACTG 281 prior to ACTG 381.Possible Points: 25 points; 20 for accounting accuracy and 5 for appropriate Excel technique (i.e., internal referencing among spreadsheets, auto-sum, dr/cr control total, formatting).Due Date: Your Excel file should be turned in to the D2L Assignments by 10pm on Friday April 3rd. Late assignments will receive a score of zero as the solution will be posted on D2L the next day. If you are unfamiliar with D2L, please refer to http://www.pdx.edu/oit/d2lBackground: Green Thumb Corporation was founded in 2014 by Erica Green. The company provides plant maintenance services to businesses such as medical offices, professional services firms and corporations. In the last couple of years the business has really taken off as decor trends shifted to real rather than artificial plants, and individuals wanted the health benefits of plants in enclosed buildings. Green Thumb has part time employees, mostly college students, who go into the buildings to water, fertilize and replace plants as necessary. To date Erica has been doing all the accounting for the company, but since she really prefers working with plants to computers, she hired you as an accounting intern in December 2019 to assist with the month's accounting, close the books and produce the year-end accrual basis financial statements that conform to GAAP.Required: Erica has just provided you with the trial balance at 11/30/19. Assume this trial balance has been correctly prepared. Use the balances in the 11/30/19 Trial Balance tab as your beginning balances for all T-Accounts. Green Thumb's year end is December 31st.(A) Using the Excel General Journal spreadsheet in this file, record the December transactions listed below AND the necessary year end adjusting journal entries. Label the transactions in numeric sequence corresponding to the numbers below. Each of the transactions below requires a journal entry. Note that there is a debit and credit control total at the top of the general journal so that you can check after each entry to see if you are in balance.1. Issued an additional 50,000 ...