CHAN CHAN, SA is a trading company that sells equipment of high resolution. It began its life a month ago. On 31st January 20X2 the trial balance before adjustments was as follows:

ACCOUNTS	Debit Balance	Credit Balance
Cash	72000
Accounts receivable	160000
Loan granted to a customer	40000
Inventories	250000
Rent paid in advance	15000
Equipment store	115000
Short term loan received		100000
Accounts payable		117000
Rental income received in advance Rental income received in advance		3000
Paid-in-Capital		400000
Sales		160000
Cost of goods sold	100000
Wage expenses	28000
TOTAL	780000	780000

It remains to make these adjustments on 31st January:

1. The depreciation of the equipment store was 1,000.
2. The account Rent paid in advance 15,000 is the amount of the rent in the first quarter. Make necessary adjustments to the lease in January.
3. It remains to account part of the wages or the month, for a total of 2,750 to be paid on February 2nd (they are not included in staff costs of the trial balance).
4. On January 1st the company received a bank loan of 100,000 as shown in the trial balance. The loan was signed for one year (all has to be returned at the end of the year). Make the adjustments in the interest corresponding to the month of January. Interest rate 9%.
5. The company granted a loan to a customer for an amount of 40,000, on January 2nd, as can be seen in the previous trial balance. The debt must be returned in the first year along with 12% interest (somewhat abusive!). Requested to make appropriate adjustments to the interest for the month of January.
6. On 15th January a neighboring company paid to CHAN CHAN, SA 3,000 for cash as advance rent for the use of storage space teams, from January 15th to April 15th (three months). This is what we found with amounts payable in the balance sheet the account Rental income received in advance. Make the adjustment of income earned by the fifteen days of January that the client has used this space.
7. On January 31st receives the energy bill for the amount of 600 to pay on February 10^th

Required:

a. Prepare the journal entries for the listed transactions and post them to the ledger.

b. Prepare the trial balance (after adjustments).

c. Compute the income for January 20X3 and close the accounts.

d. Prepare the Income Statement for 20X3 and the Balance-Sheet on January 31st, 20X3