Can you please help me with the adjusted entries on the Quickbooks?
You make adjusting journal entries for the month of January as needed. (Start with Journal no. Question Jan20.1.) You carefully consider the following: Math Revealed! used the straight-line method to determine depreciation expense for all Ask Expert Tutors Please help solve these journal er office equipment. Monthly depreciation expense for the equipment purchased prior to 12/31 is $91.50. expert tutors help you get unstuck (Computer $75; Printer $10; Calculators $6.50) inswers in as fast as 15 minutes. You make adjusting journal Math Revealed! purchased $480 of furniture on 1/2. You expect the furniture to last 4 Jan20.1.) You carefully con years, with no salvage value. You take a full month depreciation on furniture. . Math Revealed! used th Two computers ($756) and three calculators ($441) were also purchased on 1/2. You r a question office equipment. expect the computers to have a 3-year life (no salvage value) and the calculators to have a 3-year life ($90 salvage value). You take a full month depreciation on the equipment. Monthly depreciati (Computer $75; Pr On 1/30, shelving was installed. The cost of the shelving was $649. You expect the shelving to last for the term of the lease (24 months). You estimate the salvage value at Math Revealed! pur $49 at the end of the 2 years. You started using the shelving on February 1. 3 bonus questions years, with no salva . You check the supplies on hand. You estimate that $80 of supplies were used during January. Two computers ($7 expect the compute . The insurance policy premium paid in January was $480. The policy term is 1/1-12/31/20. Ask a question a 3-year life ($90 sa . You check to make sure that all the revenue recorded in January was earned during the month. On 1/30, shelving You realize that the amount paid by Teacher's College on 1/30 was for a workshop to shelving to last for be held in February. $49 at the end of th You also take a look at INV-1009 to Annie Wang. Half of the $360 billed on 1/13 was . You check the supplies of for February tutoring. . The insurance policy pre TIP: Consider whether you need a new account here. Choose an account number that fits with the account numbering scheme (assets are 100s; liabilities are 200s; revenues . You check to make sure t are 400s; expenses are 600s). You realize that the . Martin has agreed to pay his parents interest on the $2,000 they loaned him to get the be held in February business started. The last payment was 12/31/19. The annual interest rate (simple interest) You also take a look on the loan is 6%. You forgot to pay them in January. You call and let them know that the for February tutorin check will come in February. TIP: Consider when TIP: Just because you didn't pay it in January doesn't mean you don't owe it in Janu- fits with the account ary. Consider whether you need a new account here.