Comprehensive problem Check my work mode: This shows 4 - Part 4 of 6 Required information The owing information to the que consplayed below France's Fast Deliveries, Inc. FO) was organized in December of 2011. It had mitted actity in 2011 The resulting balance sheet the beginning of 2012 is provided below 10.06 points Frances Fast Deliveries Inc Balance Sheet at January 2012 Assets Cash $ 1175 Accounts Payable Accounts Receivable 550 Stockholders Equity Supplies 500 Contributed Capital Retained Earnings $ 865 Stooo 460 Total Assets $2,325 Total Labies & Sk Equity $2.325 January Transactions for Francine's Fast Deliveries, Inc. (FFDj Date Owners invest $22,000 of additional cash in the business. Za Supplies are purchased for $750 on account 2b Insurance is paid for 12 months beginning January $6.780 (Record as an assen 20 Rent is paid for 3 months beginning in January $3350 Record as an asset 20 Two employees are hired. Each employee will be paid $1150 per month 3FFD borrows $25.000 from 1st State Bank at 6% annual interest A delivery van is purchased for cash including tax the total cost was $38,400. It will be used for 4 years and will be depreciated monthly 6 using straight-line with no salvage value. Au month of depreciation will be charged in January 7 $455 of the receivables from December's sales are collected 8 $692 of the accounts payable from December are paid 9 Performed services for customers on account. Mailed invoices totaling $9.000 10 Services are performed for cash customers $6.300 16 Wages for the first half of me month are paid on January 16: $1350 20 The company receives $2.750 from a customer for an advance order for Services to be provided in January and February 25 Collections from customers on account see January 9 transactions $3,600 30a The last 2 weeks wages earned by employees are $575 per employee and will be paid on February 305 A $725 utility bill for January affiveit is due on February 15, Additional information for adjusting analy 31 a. Supplies on and on January 31 total 5373 The company completed 50% of the deveries to the customer who paidan Dove on January 20 cinterests accrued for the bankioan. Assume al monen for the State Bank loan d. Record Januaryepreciation e Adjust the prepaid assetRent and sunce accounts as needed Interest is accrued for the bank loan. (Assume a full month for the 1st State Bank loan.) d. Record January depreciation. e. Adjust the prepald asset (Rent and Insurance) accounts as needed. 4.-5.Analyze the accounts and prepare the adjusting entries required using the additional Information provided. Post the adjusting entry activity to the T-Accounts in Requirement #2. Of no entry is required for transaction/event, select "No Joumal Entry Required in the fint account field.) Answer is complete but not entirely correct. Dabit Cradit No Date General Journal 875 Jan. 31a Supplies Expense Supplies 875 1,650 No Jan. 31b Uneamed Revenue Service Revenue 1,650 125 3 Jan. 31c Interest Expense Interest Payable 125 4 Jan. 31d 12,800 Depreciation Expense Accummulated Depreciation Equipment 12,800 565 5 Jan. 310 Insurance Expense Prepaid Insurance 565 1,050 6 Jan. 316 Rent Expense Prepaid Insurance 1,050