From these journal entries, fill out the following charts.

STEP 2 Transactions for January 2022 Transaction # Date Event Received payments relating to accounts receivable of $15,000 1/2/22 leaving an outstanding balance of $650. Earned Service Revenues on account of $100,000, with terms of 5/10, net 20. The cost of these revenues is $65,000 and will be paid 1/4/22 later in the month. (These costs are related to selling services.) CO NO 1/5/22 Paid last year's income tax liability Provided services related to the Deferred Revenue balance as of 1/11/22 |Jan 1. Received cash to settle half of the Receivables recorded on January 1/13/22 4. Customers took the allowed discount (5%). 1/14/22 Paid the beginning balance in the Accounts Payable account Rented a piece of equipment to be used for the next two months, paying $6000 cash at the time of the rental. The cost of the rental is 1/15/22 to be expensed over time. 1/15/22 Paid employees in the amount of $8,000. Generated service revenues of $20,000. These revenues were collected in cash at the time of the transaction. The cost of revenue CO 1/16/22 ($4,494) was paid in cash. Paid the accounts payable balance from the transaction on January 10 1/18/22 4 Made a payment on the long-term loan of $1440. A portion of this payment is applied to the interest payable balance on 1/1, a portion ($200) is interest for this period, and the balance reduces the 11 1/21/22 principal of the long-term loan payable. Equipment with an original cost of $7,000 and a book value of $3,600 12 1/21/22 was sold for $4,000 in cash. 13 1/23/22 Issued 1,000 shares of $1 par value stock for $6 cash each. 14 1/23/22 Incurred $10,500 in Sales and Marketing Expenses. Paid in cash. Received $45,000 in payment of the receivable recorded on January 15 1/24/22 4. No discounts were taken. 16 1/25/22 Spent $11,000 researching new products 17 1/26/22 Purchased additional PP&E in the amount of $11,000 paying cash. 18 1/27/22 Received $1,100 in advance for services to be provided in February. It is determined that $400 of accounts receivable will never be 19 1/29/22 collected. See topic 6.4 in MyEducator for a refrseher on this topic. 20 1/31/22 Paid employees in the amount of $12,000, Income tax for the month was $4,500. $3,200 was paid this month 21 1/31/22 and the remainder will be paid in March.STEP ONE STEP THREE STEP FOUR Post-Closing Summary of Unadjusted Trial Balance January 2022 Trial Balance 12/31/21 Journal Entries 1/31/22 Debit Credit Debit Credit Debit Credit Accounts Payable 7,000 Accounts Receivable 15,650 Accumulated Depreciation 16,000 Additional Paid-In-Capital 20,500 Allowance for Doubtful Accounts 700 Bad Debt Expense Cash 37,500 Common Stock 5,450 Cost of Revenues Depreciation Expense Gain on Sale Income Tax Expense Income Tax Payable 2,780 Interest Expense Interest Payable 260 Long-term Loans Payable 32, 100 PP&E 49,340 Prepaid Rent 1,500 R & D Expense Rent Expense Retained Earnings 17, 100 Salaries Expense Sales & Marketing Expense Sales Discounts Service Revenue Deferred Revenue 2, 100 103,990 103,990