10-Jan NOVA Services paid $910 on account for advertising during January. 11-Jan NOVA Services was paid $10,750 from Fed Corp to perform services during January 12-Jan NOVAServices purchased $450 of supplies using cash NOVA Services signed a contract to provide consulting services for $54,000 to DMV client. Services to be provided equally over the next 12 months starting in the 13-Jan month of January. Client will be billed at end of each month. 14-Jan NOVA Services pays employeer $3,000 in salaries 15.Jan NOVA Services borrowed $450,000 on a 5% note payable. 16-Jan NOVA Services purchased Land for $300,000 cash with plans to build an office building within the next year: 17.Jan NOVA Services paid $2000 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 $3,000 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-Lan NOVA Services gets a $5375 bill for utilities used in January 25-1an NOVA Services pays $1750 in officerent for month of February 26.Jan NOVAServices pays $70,000 in dividends 27.Jan NOVA Services pays $400 cash to attend an event to promote business at a convention in January 28.jan NOVA Services pays $490 cash for taxes 29-Jan NOVA Services pays employees $3,000 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 $550 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 employess $1,500 in salaries for work performed in January Are there any other accounts that need adjusting?II 1 How do you feel this company performed in its first month? Support your reasons