Aquarium World Ltd. (AWL) was incorporated in 2017 and imports fish tanks and related supplies for the saltwater aquarium market. AWL primarily imports from Asian suppliers and is a wholesaler supplying independent retailers in Western Canada. During the month of January 2020, AWL had the following transactions: Regular entries: In order to better service its growing business and manage its inventory more effectively, AWL purchased new computer equipment to run its inventory system for $135,000, paying cash. AWL's management determined that the new computer equipment would have a useful life of 5 years and have a residual value of $12,000. AWL also entered into an agreement to lease a warehouse. This would allow the company to import larger shipments from its Asian suppliers and reduce the impact of the long shipping times. In accordance with the lease terms, AWL paid $14,400, which represented the first six months' rent in advance. A major hotel contacted AWL about supplying it with an 8-metre saltwater aquarium for the lobby. AWL agreed to this and received a $48,000 payment from the hotel. AWL ordered the tank the same day and it was scheduled to arrive on February 25. AWL has guaranteed that it will be installed before the end of February. AWL paid its employees $7,000 for wages earned during the first two weeks of January. AWL's board of directors declared dividends in the amount of $15,000, which will be paid on February 15. AWL made sales totalling $62,000. Of this, half was cash and the balance was on account. The cost to AWL of the products sold was $35,000. Adjusting entries: 31 The company recorded the $7,000 in wages earned by employees during the last two weeks of the month. These wages will be paid on February 1, 2020. AWL recorded the adjusting entry to depreciate the new computer equipment. AWL recorded the adjusting entry for the warehouse lease. Prepare the journal entries and adjusting entries for the above transactions. (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 0 for the amounts.) Choose a transaction date. Enter an account title to record purchase of equipment. Enter an account title to record purchase of equipment Enter a debt amount Choose a transaction date Enter an account title to record payment of rent Enter an account title to record payment of rest Enter a bit amount Choose a transaction date Enter an account title. Enter a debut Enter a credit amount Enter a debut Enter a credit amourt Choose a transaction date Choose a transaction dete Enter an account t Enter an account te Enter a debit amount Enter a credt anot Enter a bit amount Enter a credit amount Enter a debt amount Enter an account t Enter a debit amoure Enter an account tile to record sale of goods on January 19. Enter a debt amunt Enter a credit aurt Enea cred amount Enter an account title to record sale of goods on January 18 Enter an account title to record sale of goods on January 19 Enter a debit amount Enter an account title to record the cost on January 18. Enter an account tile to record the cost on January 19 Adjusting entries: Choose a transaction date Enter a bit am Enter a debit amount Enter a credit amount Enter an account title to record wages samed by employees. Enter an account tile to record wages earned by employees. Enter a debit amount Enter a credit amount Enter a debit amount Enter a debit amount Enter a credunt Choose a transaction date Choose a transaction date Enter an account title to record depreciation Enter an account title to record depreciation Enter an account title to record warehouse lease Enter a bla