DATE TRANSACTIONS Jan. 2 Purchased supplies for $14,090; issued Check 1015 2 Purchased a oneyear 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. 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, see 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 1918 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 payntent of the monthly bill for utilities. 20 Sold services for $30,000 in cash and 55,500 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 3 Issued Check 1028 for $24,000 for personat 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 or 59,400 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. Required: 1. General Ledger tab: Enter the account balances for January 1, 20X2 from the postclosing trial balance prepared on December 31, 20X1. which appears in Figure 6.3. Check my work Required: 1. General Ledger tab: Enter the account balances for January 1, 20X2 from the postclosing trial balance prepared on December 31, 20x1, which appears in Egure 6.3 2. General Jourhal tab: Analyze each of the transactions listed for January and record it in the general journal 3. General Ledger tab: Post the transactions to the general ledger accounts. 4. Worksheet tab: Prepare the Trial Balance section of the worksheet 5. Worksheet tob: Prepare the Adjustments section of the worksheet using the adjusting transactions. 6. Worksheet tab: Complete the worksheet. 7. Income Statement tab: Prepare an income statement for the month 8. Stmt of OE tab: Prepare a statement of owner's equity 9. Balance Sheet tab: Prepare a balance sheet. 10. Adjusting and Closing tab: Record the adjusting entries and the closing entries in the general journal 11. General Ledger tab: Post the adjusting entries and the closing entries to the general ledger accounts. 12. Post Closing tab: Prepare a postclosing trial balance. sce Analyze: Answer the questions on the Analyze tab to compare the January 31 balance sheet you prepared with the December 31 balance sheet shown in Eloute 6.4 Complete this question by entering your answers in the tabs below. General Journal Adjusting and Closing Worksheet General Ledger Income Statement Analyze Stunt of Bal Sheet Postdoing Requirement Analyze each of the transactions listed for January and record it in the general Journal View transactions General Journal Adjusting and Closing General Ledger worksheet Requirement Income Statement Sunt of OE Bal Sheet Postclosing Analyze Enter the account balances for January 1, 20X2 from the postclosing trial balance prepared on December 31, 20X1, which appears in Figure 6.3 transactions to the general ledger accounts. Cash Account No. 101 Credit Balance Accounts Receivable Dale Debit Account No. 111 Credit Balance Date Debit + we Supplies Date Account No. 121 Credit Balance Prepaid Insurance Date Debit Account No. 134 Credit Balance Debit Prepaid Rent Date Account No. 137 Credit Balance Equipment Date Account No. 141 Credit Balance Debit Debit + Account No. 142 Accumulated Depreciation Equipment Dale Debit Account No. 202 Accounts Payable Date Debit Credit Balance Credit Balance Tentang Cantal Anunt NA Telwin Anu Nains Trayton El Capital Date Debit Account No. 301 Credit Balance Trayton Ell, Drawing Date Debit Account No. 302 Credit Balance Account No. 401 Income Summary Date Debit Account No. 309 Credit Balance Fees Income Date Debit Credit Balance + Salaries Expense Date Debit Account No. 511 Credit Balance Utilities Expensie Date Debit Account No. 514 Credit Balance Supplies Expense Account No: 517 Rent Expense Account No. 520 Supplies Expense Date Debit Account No. 517 Credit Balance Rent Expense Date Debit Account No. 520 Credit Balance Account No. 523 Advertising Expense Account No. 526 Depreciation Expense- Equipment Date Debit Credit Balance Date Debit Credit Balance Maintenance Expense Account No. 529 Credit Balance Telephone Expense Date Debit Account No. 532 Credit Balance Debit Insurance Expense Dato Debit Account No. 535 Credit Balance