During the month, the company had $$28,000$ in revenue from products it provided to customers.

All sales were on account. The amount HI Palms paid its suppliers for these products was $$9,250.$

In addition, HI Palms had revenue from services it provided to customers in the amount of

$$1,800,$ on account. Customers had paid a total of $$4,500$ for these transactions by the end of

January. In addition, customers paid $$26,000$ of the balance owed as of January $1$st $($from

previous months transactions$)$ during the month of January. The company uses the perpetual

inventory method.

The company pays its employees on the $1$st and $15$ th days of the month. Since January $1$ st is a

holiday, the company paid its employees on December $31$st for amounts earned during the last

half of December. HI Palms paid $$7,000$ to its employees on January $15$th for work performed

during the month of January. Of this amount, $$850$ had been earned during the last few days of

December $($See the trial balance$).$ As of the end of the month, the company owes its employees an

additional $$8,300$ for work performed during the month of January.

The company purchased $$600$ worth of supplies during the month of January on account. As of

the end of the month they had $$350$ of supplies remaining. They also paid $$6,500$ on the Accounts

Payable balance that was owed as of January $1$ st$.$

The prepaid insurance balance listed in the trial balance is for a $6-$month policy that was

purchased on December $1,2024$ for $$1,300.$

HI Palms incurred $$450$ in utility costs $($electricity$,$ natural gas, internet and telephone$)$ for the

month of January. So far, the company has paid $$250$ of that amount with the remaining amount

due in February. please create a journal entries of these transactions