1Jack invested $7,000 cash & $6,000 worth of landscaping equipment in the company

1 Paid rent for three months in advance for garage space, $2,000.

4Purchased office equipment on account from Ling Corp, $7,200.

6Purchase landscaping supplies for $700 cash.

8Collected $15,000 from landscaping local shopping centers.

12Jack White, Owner, withdrew $1,000 from the business for personal use.

20Landscaped North East Co. office space; payment not to be received until March, $5,000.

26Paid salaries to employees, $1,800

28Paid Ling Corp, one-half the amount owed for equipment.

29Advertising bill received from Bush Co. but will not be paid until March, $900.

30Paid telephone bill, $210.

Data for Adjustments:

a:Landscaping supplies on hand $400.

b Rent expired $600.

cDepreciation on office equipment, $120.

d. Depreciation on landscaping equipment, $100.

e. Accrued salaries due not yet paid $190.

Requirement

1.Record transactions in the journal, post the ledger

2.Record adjustments on to the Adjustments column on the worksheet.

3Complete the worksheet.

4Prepare a January income statement, statement of owner's equity, and balance sheet.

5From the worksheet, record adjusting closing entries on the journal page and post to the ledgers

5Prepare the post closing trial balance.