Bear Tactics began business on January $1,2024.$ During January, the following transactions occurred:

Jan. $1$ Issued common stock in exchange for $$100,000$ cash.

$1$ Purchased inventory on account for $$35,000($the perpetual inventory system is used$).$

$1$

Paid an insurance company $$2,400$ for a one$-$year insurance policy.

$1$ Borrowed $$30,000$ from a local bank and signed a one year note. Principal and interest at $10\%$ is to be repaid monthly..

$10$ Sold merchandise on account for $$12,000.$ The cost of the merchandise was $$7,000.$

$20$ Paid employees $$6,000$ salaries and wages for the first half of the month.

$22$ Sold merchandise for $$10,000$ cash. The cost of the merchandise was $$6,000.$

$24$ Paid $$15,000$ to suppliers for the merchandise purchased on January $2.$

$26$ Collected $$6,000$ on account from customers.

$28$ Paid $$1,000$ to the local utility company for January gas and electricity.

$30$ Paid $$4,000$ rent for the building. $$2,000$ was for January rent, and $$2,000$ for February rent.

Required:

$1.$ Prepare general journal entries to record each transaction.

$2.$ Post the transactions into the appropriate T$-$accounts $-$ reference the journal entries and create this on a new tab in the workbook

$3.$ Prepare adjusting entries $-$ interest accrued and insurance expensed.

$4.$ Build an amortization table for the loan initiated on January $1,2024.$

$5.$ Prepare an unadjusted trial balance as of January $31,2024-$ reference the T$-$accounts $($general ledger$)$ and create this on a new tab in the workbook.

$6.$ Prepare an income statement for January $31,2024-$ reference the unadjusted trial balance.

$7.$ Prepare a balance sheet as of January $31,2024-$ reference the unadjusted trial balance.

$8.$ Prepare a cash flow statement $-$ reference the necessary worksheets.