1. Compute and record the adjustment for supplies used during the month. An inventory taken on January 31 showed supplies of $9,400 on hand.

2. Compute and record the adjustment for supplies used during the month. An inventory taken on January 31 showed supplies of $9,400 on hand.

3.Record the adjustment for one month of expired rent of $4,000.

4. Record the adjustment for depreciation of $183 on the old equipment for the month.

5. Record the closure of Fees income.

6. Record the closure of expense accounts.

7. Record the transfer of income to capital account.

8.Record drawings for the period.