Additional Information needed for adjusting entries at January 31st: Record depreciation expense using the straight line depreciation method for the month of January using the following useful lives (no residual value is anticipated):

a. Musical Instruments 10 years

b. Computer 4 years

c. Furniture 5 years

The cost of supplies on hand at January 31st was $95.

The music teacher has worked 4.5 hours since January 24th that he hasnt been paid. These wages will not be paid until next pay day.

Electricity bill received but unpaid at January 31st, totaled $196.

Additional adjustments are required for the rent and insurance expired during the month of January.