C5-1 (Algo) Recording Transactions and Adjustments, Reconciling Items, and Preparing Financial Statements LO 2-2, 2-4, 2-5, 3-3, 3-5, 4-2,4-3, 4-4, 5-4, 5-5 (General Ledger) On January 1, Pulse Recording Studio (PRS) had the following account balances. The following transactions occurred during January. 3. Prepare adjusting journal entries on 1/31 in 'General Journal' Tab. (these are shown as items 15 to 21). 0. Depreciation for the month is $280. p. Salarles and wages totaling $1,300 have not yet been recorded for January 16 to 31 . q. Prepaid Rent will be fully used up by March 31 . r. Supplies on hand at January 31 were $200. s. Recelved $200 involce for January electricity charged on account to be paid in February but is not yet recorded. t. Interest on the promissory note of $26 for January has not yet been recorded or paid. u. Income tax of $2,000 on January income has not yet been recorded or paid