Adjustment transactions:

Accrue wages payable to Lan and Liz as of Jan $31.$

The telephone bill for January was received on Feb $7$th in the amount of $$250+$ HST$.$

Office supplies on hand were counted as $$800$ as of the end of the month.

The utility bill for Jan was received on Feb $3$rd in the amount of $$200($ignore HST$).$

The company received a $$2000+$ HST advertising bill on Feb $13$th for work completed in Jan.

We estimate approximately $2\mathrm{.}5\%$ of accounts receivable are uncollectible. Use the Allowance for Doubtful accounts $($AFDA$)$ method.

The company wants to record depreciation on a monthly basis using straight$-$line depreciation. $.$

$$ Computer $-3-$year useful life with no residual value

$$ Furniture$-5-$year useful life with $$3,500$ residual value

$$ Store equipment $-4-$year useful life with $$1,500$ residual value

Hint: You must review the Journal Entries tab and the Trial Balance tab for additional information for adjusting entries.

$$ You are required to create an adjusted general ledger and adjusted trial balance based on the adjusted journal entries. You should create new accounts in the trial balance as needed.

$$ You are required to create month$-$end adjusted financial statement of the company$-$ Income Statement, balance Sheet, and statement of retained earnings