DATE TRANSACTIONS Jan. 2 Purchased supplies for $14,090; 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. 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, ce from White's, Inc., received invoice 2304 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 payment 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 31. Issued Check 1028 for $24,000 for personat use. 31 Issued Check 1029 for $8,00 to pay for maintenance services for the month. 31 Purchased additional equipment for $30,000 from Contemporary Equipment Company: issued Check 1930 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 39, 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 EVEMENT 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 tob: Prepare an income statement for the month. 8. Stmt of OE tab: Prepare a statement of owner's equity. 9. Balance Sheettab: 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. 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. Adjusting and Closing Worksheet General Ledger Income Statement Stunt of O General Journal Bal Sheet Postdosing Requirement Analyse Analyze each of the transactions listed for January and record it in the general journal View transaction lit Requirement General Journal Adjusting and Closing General Ledger Worksheet Income Statement Stmt of OE Bal Sheet Postclosing Analyz Analyze each of the transactions listed for January and record it in the general journal. View transaction list Journal entry worksheet Purchased supplies for $14,000; issued Check 1015. Note: Enter debits before credits Date General Journal Debit Credit Jan. 02. 20x2 Record entry Clear entry View general journal