Following Transaction appeared in the book of Ara and Co. in the month of January, 2021. Date ( in the month Transaction of January) 1 Ara Invested $100 cash and $120 worth of office equipment 3 Purchased office equipment on account, $250 5 Bought office supplies for cash $140 10 Collected $12000 for services rendered 12 Ara paid her home electric bill from the company bank account, $120 15 Provided $10,000 worth of services to client who will not pay until next month. 17 Paid salaries, $600 20 Purchased machinery on account from Ling Corp. $1400 22 Paid wages, $180 25 Paid Ling Corp. one-half amount owned for machinery 30 Paid rent of office, $200

Additional Information: a) Prepaid rent for 6 months amounting to $3600 paid on January 1, 2021 b) Depreciation on machinery $1200 for one year

Prepare a full Accounting Cycle as on January 31, 2021 including Journal, T-Accounts, Trial Balance, Adjusted Journal, Adjusted T-Accounts and Adjusted Trial Balance. Also prepare Income Statement, Statement in Changes in Equity and Balance Sheet as on January 31, 2021 Note- There is no need to pass closing journal entries.