Final Company Transactions in January 02-Jan The company was established by depositing $10,000 as capital to a bank account. 03-Jan An office was rented for $500 per month, and 2 months rent was paid in advance. 04-Jan 2 people were hired for a total monthly salary of $2,000. 05-Jan Office equipment amounting to $4,500 was purchased and $1,500 was paid in 10-Jan Purchased 50 boxes of mechandising inventory on credit at total cost of $25,000. 15-Jan Office supplies amounting to $400 was purchased and paid in cash. 20-Jan Sold 20 boxes of mechandising inventory on credit at $14,000 (cost - $10,000). 25-Jan $4,000 was borrowed from a bank. 29-Jan $2,500 was paid for the office equipment purchased on Januray 5. 30-Jan $8,000 was collected from customers. Other information for adjusting entries Depreciation expense of office equipment for January is computed as $100. The company pays salaries on the first day of the following month. On January 31, office supplies on hand amounts to $250. Interest expense on bank loans for January is $50. Required Prepare journal entries for the above transactions. Prepare adjusting entries at January-end. Post the transactions to the related ledger accounts (T-accounts). Prepere Trial Balance as of January 31. Prepare Balance Sheet as of January 31. Prepare Income Statement for the month ended January 31