Billy Bob's Daycare Project

Transactions for January $20$XX

Use the following transactions to complete the first month of the Billy Bob's Daycare.

ADJUSTMENT INFORMATION at January $31,20$XX

The employees had worked $24$ hours at $$\frac{14}{?}$ hour since last being paid on January

${28}^{th}.$ Remember that the cash account is NEVER used in the adjustment process.

A physical count of supplies revealed that $$140$ remains in supplies.

Utility bills that have been received but not paid totaled $$470.$

Don't forget to record the adjusting entries for one month of expired insurance and

rent.