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In: AccountingAlex Alex established Alex Consulting Company on September 1,2018, as a backup plan.The company...Alex Alex established Alex Consulting Company on September 1,2018, as a backup plan.The company had the following transactions duringSeptember.Sept. 1 – The company sold shares of common stock for $30,000cash.Sept. 1 – The company purchased a one-year insurance policy for$300 in cash.Sept. 1 – The company purchased office equipment costing $8,000by signing a 6% note. The Equipment has a 5 year life and nosalvage value. The note requires monthly principal payments of $225beginning on October 1st until the balance is paid.Sept. 10 – The company purchased $735 of office supplies forcash.Sept. 15 – The company paid legal and registration fees toregister their trademark which is his nickname “Sanchize.” The feesincurred totaled $4,000, which were paid in cash.Sept. 29 – The company billed customers $5,500 for consultingservices performed.Sept. 30 – The company paid $1,450 for employee’s salary.Sept. 30 – Since the company had a good month so Sanchezdeclared a $1,000 dividend to be paid on October 10th.Additional Information:On September 30th, the company took an inventory of the suppliesand found that they had $500 of supplies on hand.Equipment purchased before the 15th of the month are depreciatedfor a whole month using the straight-line method.On October 3rd received the September utilities bill for$188.Required:Journalize the transactions.Prepare the adjusting entries.Post all entries to the accounts.Prepare a Single-Step Income Statement, Retained EarningsStatement and a Classified Balance Sheet for his first month ofoperations.Prepare the closing entries.Comment on the company’s liquidity, capital structure andfinancial flexibility and their overall financial position.