DATE TRANSACTIONS

Jan. $2$ Purchased supplies for $$14,000$; issued Check $1015.$

$2$ Purchased a one$-$year insurance policy for $$16,800.$

$7$ Sold services for $$30,000$ in cash and $$20,000$ on credit during the first week of January.

$12$ Collected a total of $$8,000$ on account from credit customers during the first week of January. $12$ Issued Check $1017$ for $$7,200$ to pay for special promotional advertising to new businesses on the local radio station during

the month.

$13$ Collected a total of $$9,000$ on account from credit customers during the second week of January.

$15$Soldserydesfors$14,40$eincashand$4,6$esoncredtduringthesecondweekofganuary.

$20$ Sure sed ses tess a ne noahite, on cre received thee a payab an as days.

$20$ Collected a total of $$11,200$ on account from credit customers during the third week of January.

$21$ Issued Check $1018$ for $$14,130$ to pay for maintenance work on the office equipment.

$22$ Issued Check $1019$ for $$7,200$ to pay for special promotional advertising to new businesses in the local newspaper.

$23$ Received the monthly telephone bill for $$2,050$ and paid it with Check $1020.$

$26$ Collected a total of $$3,200$ on account from credit customers during the fourth week of January.

$27$ Issued Check $1021$ for $$6,000$ to Office Plus as payment on account for Invoice $2223.$

$28$ Sent Check $1022$ for $$5,350$ in payment of the monthly bill for utilities.

$29$ Sold services for $$38,000$ in cash and $$5,500$ on credit during the fourth week of January.

$31$ Issued Checks $1023-1027$ for $$65,600$ to pay the monthly salaries of the regular employees and three part$-$time workers.

$31$ Issued Check $1028$ for $$24,000$ for personal use.

$31$ Issued Check $1029$ for $$8,300$ to pay for maintenance services for the month. $31$ Purchased additional equipment for $$30,000$ from Contemporary Equipment Company; issued Check $1030$ for $$20,000$ and bought the

rest on credit. The equipment has a five$-$year life and no salvage value.

$31$ Sold services for $$15,200$ in cash and $$3,240$ on credit on January $31.$

ADJUSTMENTS $31$ Compute and record the adjustment for supplies used during the month. An inventory taken on January $31$ showed supplies of

$$9,400$ on hand.

$31$ Compute and record the adjustment for expired insurance for the month.

$31$ Record the adjustment for one month of expired rent of $$4,000.31$ Record the adjustment for depreciation of $$183$ on the old equipment for the month. The first adjustment for depreciation for

the new equipment will be recorded in February.

Worksheet