Fred Flinstone along with Barney Rubble, runs a Winter Snow Removal company. Wilma Flintstone, is the office manager for Yabba-Dabba-Do Snow Removal. January will be the first official month that Yabba-Dabba-Do Snow Removal Services begins keeping full accounting records. Wilma hires the services of a local CPA Firm, Bedrock CPA, Inc. and will pay a junior associate, $220 per hour to maintain the accounting records. Below are the transactions for the month of January 2022. Wilma has provided these transactions to Bedrock CPA. You are the junior associate and responsible for journalizing all transactions, posting to the Ledger, creating a Trial Balance Sheet and Financial Statements. The following beginning balances exist as of January 1, 2022. Transactions for Yabba-Dabba-Do Snow Removal Services 01/1/2022 (1) Purchased a building for office space by borrowing $159,000 from Bank of Bedrock. 01/1/2022 (2) Received cash from first client, Brad Stone-Pitt, as up-front payment towards future service. Mr. Stone-

Pitt paid $2,500 for snow removal services.

01/1/2022 (3) Paid monthly rent on snow removal equipment of $1585. 01/1/2022 (4) Paid annual Property Insurance bill for $4,000. The property insurance bill is for the period of January 1

2022 Dec 31 2022.

01/9/2022 (5) Purchased office supplies (staplers, rock tablets, pencils, etc) of $1500 with cash. 1/11/2022 (6) Fred borrowed $25,000 cash from Bank of Bedrock with a 90 day note payable. The cash will assist with

operating expenses for the next 90 days

01/15/2022 (7) Purchased snow equipment for $8,800 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 20% and the remainder will be financed over 12 months

01/21/2022 (8) Performed snow removal services for clients, totaling $10,000 of sales + sales tax of $575. Received

$3,000 in payment. Will obtain remainder within 30 days.

01/22/2022 (9) Barney received an inheritance and invested $35,000 of his personal funds into the company in exchange

for common stock.

01/30/2022 (10) Paid salaries to employees, 2 friends of Barneys, for a grand total of $6995. These salaries were for the

periods of 01/01-01/21.

1/30/2022 (11) Paid first mortgage payment on the building financed from 1/1/2022. Payment was $1000 that includes principal and interest. Principal portion of payment is $503 and the remaining portion is interest.

01/30/2022 (12) Paid Bedrock CPA firm for 3.25 hours of service for month of January.

01/30/2022 (13) Received internet bill from Verizon for $95. Will be paid in February 2022. 1/30/202 (14) Received water bill for the month of January, $90, that will be paid Feb 15th.

Requirements: Please complete steps 1 -4 below using the Excel Template provided on Canvas. 1. Please write the journal entry (JE) for each transaction for THE MONTH OF JANUARY. 2. Please post journal entries to T-Accounts and label the JE with numbers above. 3. Balance the T-accounts after the above entries are posted. 4. Please prepare a Trial Balance FOR THE MONTH OF JANUARY. All T-accounts have a balance of 0.