Arab Delivery Service, Inc. completed the following transactions during January, 2017:

a. Shareholders invested in the business $26,000 cash and a delivery truck valued at $40,000 in exchange for common stock.

b. Purchased supplies for $1,200 cash.

c. Paid $2,600 for a one-year insurance policy, effective January1.

d. Performed delivery services for a customer and received $1,800 cash.

e. Completed a large delivery job for a customer on account for $7,000.

f. Paid $4,000 for employee salaries.

g. Performed delivery services for customers and received $50,000 cash.

h. Collected $2,000 in advance for delivery service to be performed later.

i. Collected $3,000 cash from a customer on account.

j. Purchased fuel for the truck , paying $1,200 with a company credit card (Credit accounts payable).

k. Performed delivery services on account, $3,600.

l. Paid office rent $2,400.

m. Paid $1,000 for accounts payable.

n. Paid cash dividends of $8,000.

1. Prepare a trial balance at January 31 on a worksheet and enter the following adjustments on the worksheet, and complete the worksheet.

a. Accrued but unpaid employee salaries were $2,400.

b. Depreciation expense for the month was $160.

c. Prepaid insurance expired, $600.

d. An inventory count shows $800 of supplies on hand at January 31.

e. Unearned service revenue earned during January, $1,600.