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Question $11$ of $11$

McLaughlin Company was formed on January $1,2023,$ and completed the following transactions during its first month of operations:

$\backslash$table$[[$Event$,$Description$],[1,$Acquired $$26,000$ cash from the issue of common stock.$],[2,$Borrowed $$13,000$ cash from the bank.$],[3,$Paid $$7,000$ in advance to lease office space for $4$ months.$],[4,$Received $$3,500$ cash in advance for services to be performed equally for the next $4$ months.$],[5,$Purchased land for $$4,000$ cash.$],[6,$Purchased supplies of $$2,000$ on account.$],[7,$Provided services of $$100,000$ on account.$],[8,$Collected $$35,000$ from customers on account.$],[9,$Paid for operating expenses with cash of $$18,500.],[10,$Paid $$1,000$ on accounts payable.$],[11,$Paid a $$1,800$ cash dividend to the stockholders.$]]$

Information for January adjusting entries:

$\backslash$table$[[$Event$,$Description$],[12,$The advance payment for rental of office space $($Event $3)$ was made on January $1$ for a $4-$month term.$],[13,\backslash$table$[[$The cash advance for services to be provided in the future $($Event $4)$ was collected on January $1$ and the $4-$month$],[$contract started on that day.$]]],[14,$$$1,000$ of supplies remain on hand at the end of the month.$],[15,$$$4,000$ of wages have been earned by employees but not yet paid.$]]$