During January, the following transactions were completed for Kennesaw Cleaners, Inc (KCI).

1. On January 1, KCI issued stock in exchange for $20,000 cash.

2. On January 2, KCI purchased a truck for $14,000, paying $2,000 cash down and signing a 5-year, 2% note for the remaining $12,000.

3. On January 3, KCI purchased cleaning supplies for $800 on account to be used over several months.

4. On January 5, KCI prepaid $2,400 for a one-year insurance policy. Coverage began on January 1.

5. On January 10, KCI sent invoices to customers amounting to $3,800 for completed cleaning services.

6. On January 15, KCI paid $1,600 for employee salaries for work performed in January.

7. On January 16, KCI collected $1,400 from customers billed on January 10.

8. On January 20, KCI collected $1,000 in advance from a customer for February cleaning services.

9. On January 25, KCI makes a cash payment on truck note for $500.

10. On January 31, KCI paid a cash dividend of $100.

Prepare the monthly journal entries, post to the general ledger (t-accounts) and prepare an unadjusted trial balance sheet.

At the end of January, KCI analyzed the following transactions for which journal entries have not yet been prepared.

1. An inventory count at the close of business on January 31 reveals that $300 of the supplies are still on hand.

2. Insurance of $200 ($2,400/12) expires each month.

3. The truck has a useful life of 5 years (60 months) and has a salvage value of $2,000.

4. Completed cleaning services for customers for a total of $4,000 but have not yet sent out the invoices.

Please help me with these journal entries. My adjusted balance sheet is messed up I think transaction 4 isn't right for the adjusted trial balance.

Post Ref Credit Date Jan. 1 Accounts/Description Cash Stock Debit 20,000 20,000 Jan. 2 14,000 Truck Cash Notes Payable 2,000 12,000 Jan. 3 800 Supplies Accounts payable 800 Jan. 5 2,400 Prepaid Insurance Cash 2,400 **** Jan. 10 3,800 Accounts Receivable Accounts Payable 3,800 Jan. 15 1,600 Salaries Expense Cash 1,600 Jan. 16 1,400 Cash Accounts Recievable *** 1,400 Jan. 20 1,000 Cash Deferred Revenue 1,000 Jan. 25 500 Notes Payable Cash 500 Jan. 31 100 Dividends Cash 100 Adjusting Entries Jan. 31 300 Supplies Expense Supplies 300 Jan. 31 200 Insurance Expense Prepaid Insurance 200 Jan. 31 2,400 Depreciation Expense Accumulated Depreciation 2,400 Jan. 31 4,000 Accounts Receivable Revenue 4,000