Following Transactions appeared in the books of Rolo&Co. in the month of January, 2021

Date(in the month of January	Transactions
1	Rolo Kern invested $5,200 cash and $100 worth of office equipment
3	Purchased office equipment on account, $50
5	Bought office supplies for cash, $40
10	Collected $2400 for services rendered.
12	Rolo paid his home electric bill from the company bank account, $20.
15	Provided $1100 worth of services to clients who will not pay until next month.
17	Paid salaries, $160
20	Purchased machinery on account from Ling Corp., $400
22	Paid salaries, $80
25	Paid Ling Corp. one-half amount owed for machinery
30	Paid rent of office, $100

Additional information-

1. Prepaid rent for 3 months amounting to $3600 paid on January 1, 2021
2. 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 of changes in equity and balance sheet as on January 31, 2021

Note- There is no need to pass closing journal entries.