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 $...$onth.

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

$14$ Returned supplies that were damaged for a cash refund of $$1,500.$

$15$ Sold services for $$41,400$ in cash and $$4,600$ on credit during the second week of January.

$20$ Purchased supplies for $$10,000$ from White's, Inc.; received Invoice $2384$ payable in $30$ days.

$20$ Sold services for $$25,000$ in cash and $$7,000$ on credit during the third week of January.

$20$ 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.$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[0,1,$Jan. $02,20$X$2,$Supplies,$14,000,],[,,$Cash,,$14,000],[,,,$:$\text{'},],[0,2,$Jan. $02,20$X$2,$Prepaid insurance,$16,800,],[,,$Cash,,$16,800],[0,3,$Jan. $07,202,$Cash,$30,000,],[,,$Accounts receivable,$20,000,],[,,$Fees income,,$50,000],[0,4,$Jan. $12,20$X$2,$Cash,$8,000,],[,8,$Accounts receivable,,$8,000],[,,,,],[0,5,$Jan. $12,20$X$2,$Advertising expense,$7,200,],[,,$Cash,,$7,200],[0,,,,9,000,],[,,$Accounts receivable,,$9,000],[,,,,],[0,7,$Jan. $14,20$X$2,$Cash,$1,500,],[,,$Supplies,,$1,500],[,,$Cash,$41,400,],[$l$,,$Jan. $15,20$X$2,$Accounts receivable,$4,600,],[,,$Fees income,,$46,000],[,,$L$,,],[0,9,$Jan. $20,202,$Supplies,$10,000,]]$

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Next$54\backslash$table$[[,,,$Accumulated depreciation$-$Equipment,,$183],[,,,$i$,,],[0,5,$Jan. $31,202,$Fees income,$189,940,],[,,$Income summary,$-,189,940],[,,$s$,,],[i,6,$Jan. $31,202,$Income summary,$129,513,],[,,$Salaries expense,,$65,600],[,,$Utilities expense,,$5,350],[,,$Supplies expense,,$14,100],[,,$Rent expense,,$4,000],[,,$Depreciation expense$-$Equipment,$,183],[,,$Advertising expense,,$14,400],[,,$Maintenance expense,,$22,430],[,,$Telephone expens