Background: Kyrie has always wanted to become a consultant. Rather than wait for a company to hire him, he decides to start up his own consulting business. With $5,000 of cash savings, he decides to fund "Kyrie's Consulting Group," otherwise known as KCG. Kyrie took MGT 11A, 50 he decides to put his Accounting knowledge to work. The following is a list of activities that Kyrie performs for KCG. When accounting for his business, Kyrie remembers that not all activities translate into Journal Entries on the date they occur. Month of January 1/1/20XX - KCG prepays 1 year of Insurance for $2,400 Cash ($200/month) 1/1/20XX - KCG prepays 2 months of Rent in an office for $2,000 Cash ($1,000/month) 1/1/20XX - KCG prepays 2 months of Advertising for $200 Cash ($100/month) 1/5/20XX - KCG buys Supplies in the form of 10 notebooks at $5/each. Each notebook is meant to be completely used up during each Consulting session. Supplies were paid in Cash 1/10/20XX - Customer 1 prepays KCG for 5 Consulting sessions at $300/consultation 1/17/20XX - KCG hires an assistant, who has a weekly wage of $100. As a business policy, KOG pays wages at the first of every month. 1/30/20XX - KCG provides one Consulting session for Customer 2 for $300. Given that it's the end of the week, KCG will bill Customer 2 in the first week of February 1/31/20XX It is the end of the month, and Kyrie looks back at his notes: He realizes he provided Customer 1 with one Consulting session in the month of January, and he needs to account for that, given that they prepaid for Consulting sessions. He also checks his Supplies cabinet and notices that he now has 8 notebooks. He realizes he should adjust for that as well, given that he needs to account for used Supplies. He then realizes there were other things that lapsed in the month of January that he should make Adjustments for to ensure January's Financial Statements are correct under Accrual Basis Accounting. Thankfully, he took MGT 11A. Based on the Excel Spreadsheet and Lecture 3-2 (MGT 11A Week 3-2.xslx): Objective 1: What are the Debit/Credit Journal Entries recorded for the business during the month of January, and what are the Adjustment Journal Entries at the end of the month? Objective 2: Post the Journal Entries to the Ledger T-Accounts and note the ending balances of each Account. Make sure to use T-Accounts and properly post the amounts in the proper Dr/Cr columns. NOTE: There will definitely be more T-Accounts than what's provided in the Week 3- 2.xlsx Excel file. Make sure you make proper adjustments for them Objective 3: Construct the Adjusted Trial Balance for the month of January Hint: There should be 13 Journal Entries total, inclusive of Adjustments