1. On January 1, 2018 Potter Consulting Services Incorporated (PCS Inc.) opened for business. The corporation completed the following transactions during January. Analyze each transaction and make the appropriate journal entry in the space provided. (60 Points)

l. January 31 Record depreciation for the Office Furniture in the amount of $67.

m. January 31 record the adjusting entry to use $2,000 of the office space rent which was paid in advance on January 1.

n. January 31 Enter the adjusting entry to account for a consulting job that was completed in January but not yet paid for by the client. The bill sent out for the job totals $8,000.

o. January 31 Enter the adjusting entry to accrue employee salaries in the amount of $4,500. This amount will not be paid until next month