31, 2U2U, the end of its riscat year, Is presented below: Sunland had the following transactions during January 2021: Jan. 1 The bank loan bears interest at 3% and requires monthly payments on the first day of the month consisting of principal of $18,800 plus interest. The interest for December 2020 was properly accrued at the end of 2020 , Sunland had the following transactions during January 2021 : Jan.1 The bank loan bears interest at 3% and requires monthly payments on the first day of the month consisting of principal $18,800 plus interest. The interest for December 2020 was properly accrued at the end of 2020 . 8 Received payments of $167,320 from customers in payment of their accounts. 13 Made sales on account totalling $203,040 to garden centres. The greenhouse units sold had cost Sunland $114,680. 15 Purchased additional greenhouse kits from a supplier on account for $70,500. 17 Paid accounts payable that were due to creditors totalling $112,800. 18 Paid salaries of $65,800, which included the accrued salaries owing at the end of 2020 and $33,840 related to salaries earned to date in January. 21 Purchased supplies on account for $1,410. 24 Received a shipment of additional greenhouses from a supplier. The invoice for $92,120 is due in 30 days. 26 Made sales of $118,440, of which $54,520 was on account and the remainder was cash. The cost of the greenhouses sold was $63,920. 31 Delivered a custom greenhouse that a customer had ordered and put a $23,500 deposit down on. The total sales price was $47,000 and the greenhouse had cost Sunland $32,900. The customer paid the outstanding balance in cash. Sunland reconciles its bank account at the end of every month and makes any necessary journal entries. The following information was gathered from reviewing the company's bank statement for the month of January: 1. There were outstanding cheques of $11,280. 2. The service charges on the account were $37 for the month. 3. A deposit for $23.500 was made using the bank's night depository slot on January 31 . This deposit is not reflected on the company's bank statement for January. 4. A cheque from one of Sunland's customers for $9.212 that had been deposited during the month was returned by the bank due to the customer having insufficient funds in their account. Sunland records adjustments monthly on the last day of the month. Adjusting entries were required for the following: 1. Record depreciation on the equipment assuming that Sunland uses the straight-line method to depreciate its equipment an the equipment is expected to have a useful life of six years. 2. Accrue interest for the month on the bank loan. 3. When supplies were counted, it was determined that supplies with a cost of $1,222 were still on hand. 4. Accrued salaries payable are $33,840. 5. The company earned $52,640 of the deferred revenue. The cost of the goods sold was $36,660. 6. The estimated income taxes owing for the month of January was $15.040. Prepare the necessary adjusting entries. (List all debit entries before credit entries. Credit account titles are automatically indented. when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Round answers to 0 decimal places, e.8. 5.275.)