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1 / 1 / 2 2 The Supplies account is $ 1 4 0 . 0 0 1 / 3 / 2 2 A loan

1/1/22 The Supplies account is $140.00
1/3/22 A loan is taken out for $22,000.00 at 7.2% for 48 months to purchase a truck that weighs 7,800 lbs.
Use the new tax laws for depreciation on vehicles and use the maximum
amount of depreciation allowed for the first year
1/4/22 A six-month vehicle insurance policy for $341.10 is purchased using the company credit card
1/7/22 Supplies are purchased for $254.87 using the company credit card
1/15/22 Supplies are purchased for $381.10 using the company credit card
1/21/22 The loan payment is paid using the company credit card
1/31/22 The Supplies account is $301.00; credit card interest is figured on the end of the month
balance at an annual interest rate of 9.99%
2/5/22 A computer server is purchased for $3,654.22 using the company credit card
Use 150% MACRS
2/12/22 A 36-month liability insurance policy for $1,476.36 is purchased; 30% of the total amount
is paid now using the company credit card
2/14/22 $4,000.00 is paid towards the amount owed on the company credit card
2/21/22 Supplies are purchased for $111.14 using the company credit card
2/24/22 The loan payment is paid using the company credit card
2/28/22 The Supplies account is $72.00
Based on the above transactions, create only the necessary adjusting entries for 1/31/2022 and 2/28/2022
(check figure: total of the debits for 1/31/2022 adjusting entries =7,096.57)
(check figure: total of the debits for 2/28/2022 adjusting entries =2,136.32)
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