1. Record the transactions in the general journal

1a.Post the transactions to the general ledger

1b. Create a trial balance as of 1/31

.1c.Record the necessary adjusting journal entries at 1/31

1d.Post the adjusting journal entries to the general ledger

1e.Create an adjusted trial balance as of 1/31

1f.Prepare the income statement, retained earnings statement and balance sheet at end for the month of January

1-Jan NOVA Services was incorporated in the state of VA. The company will provide management consulting services to business and governmental clients. 2-Jan Tom M. contributed $375,000 of personal funds to the business in exchange for shares of common stock 3-Jan NOVA Services signed a contract to provide consulting services worth $200,000 to ABC client. 4-Jan NOVA Services received $150,000 from ABC for work to be performed half in January and half in February 5-Jan NOVA Services bought $650 of office supplies on account 6-Jan NOVA Services bought $30,000 of office equipment using cash 7-Jan NOVA Services hired 2 consultants 8-Jan NOVA Services purchased a 12 month insurance contract for $24,000 9-Jan NOVA Services paid $2550 cash for rental of office space for January 10-Jan NOVA Services paid $1010 on account for advertising during January. 11-Jan NOVA Services was paid $20,750 from Fed Corp to perform services during January 12-Jan NOVA Services purchased $1450 of supplies using cash NOVA Services signed a contract to provide consulting services for $150,000 to DMV client. Services to be provided equally over the next 12 months. 13-Jan Client will be billed at end of each month. 14-Jan NOVA Services pays employees $3,100 in salaries 15-Jan NOVA Services borrowed $300,000 on a 5% note payable. 16-Jan NOVA Services purchased Land for $400,000 cash with plans to build an office building within the next year. 17-Jan NOVA Services paid $2500 cash for repairs and maintenace to equipment 20-Jan NOVA Services loans $24,000 to G Corp on a 10% (interest) note receivable 21-Jan NOVA Services pays employees $3,100 in salaries 22-Jan NOVA Services gets paid $12,850 for services performed to Vector Corp 23-Jan NOVA Services purchases $150,000 in stock investments 24-Jan NOVA Services gets a $5375 bill for utilities used in January 25-Jan NOVA Services pays 52,550 in office rent for month of February 26-Jan NOVA Services pays $5,000 in dividends 27-Jan NOVA Services pays $3400 cash to attend an event to promote business at a convention in January 28-Jan NOVA Services pays $590 cash for taxes 29-Jan NOVA Services pays employees $3,100 in salaries 30-Jan NOVA Services paid for $500 office supplies previously purchased on account 31-Jan NOVA Services has to prepare financial statements for the owner and the bank from which the funds were borrowed. January Month End Adjustments 31-Jan NOVA Services calculated 5750 in depreciation 31-Jan NOVA Services owes January interest on the loan 31-Jan NOVA Services counted $500 in remaining supplies (on hand supplies) 31-Jan NOVA Services owes employees 51,200 in salaries for work performed in January Are there any other accounts that need adjusting