Fred borrowed $35,000 from Bank of Bedrock under a 90-day note payable with 7% interest rate. Interest will be paid at the end of the 90 days. (Hint, Interest will not be recorded until later. Only record the loan of $35,000 at this date)

(2) Received cash from first client, Brad Stone-Pitt, as a payment towards an uncompleted job. Mr. Stone- Pitt paid $1,500 for snow removal services for the months of January, February and March.

(3) Paid $19,020 in advance for 1 years worth of office furniture and equipment rental.

(4) Paid annual property Insurance bill for $4,000. The property insurance bill is for the period of January 1, 2022 December 31, 2022.

(5) Purchased $1,500 of office supplies (staplers, rock tablets, chisels, etc.) on account.

(6) Purchased snow equipment for $9,000 with a note payable from John Deere Rock. Since Yabba-Dabba- Do Snow Removal is a new client, Fred was required to put a down payment of 10% and the remainder will be financed over 12 months at a 5% interest rate.

(7a) Accrued $7,000 in salaries for the period 01/01 - 01/14. Assume no deductions from employee earnings other than taxes.

(7b) Recorded payroll tax expense. Use a 20% Federal income tax rate and 5.75% state income tax rate for withholding, and 5.4% state unemployment tax rate. 01/20/2022 01/21/2022 01/21/2022 01/21/2022 01/24/2022 01/28/2022 01/28/2022

(8) Received a $90 electric bill, which will be paid Feb 15 th Grading: Journal Entries T-Accounts Trial Balance Part I Total 28 points 12 points 6 points 46 points

(9) Performed snow removal services at multiple locations for a VERY large client, J. Sarge Rock Community College, totaling $10,000. Received $3,000 in payment. Will receive the balance within 30 days.

(10) Paid amounts due to employees accrued in item (7) by electronic funds transfer to employee bank accounts.

(11) Fred received an inheritance and invested $30,000 of his personal funds into the company in exchange for common stock.

(12) Performed $250 of snow removal for Pebbles Hair Salon, but wont be paid for a week or so.

(13) Received and paid $135 phone and internet bill.

(14) Received $250 payment from Pebbles Hair Salon.

Please prepare an unadjusted Trial Balance FOR THE MONTH OF JANUARY. If the instructions do not provide an accounts beginning balance, please assume that the beginning balance for that account is $0.