Fuzzy Wuzzy began the Bear Company on 1/1/2020. Fuzzy invested $100,000 cash and received 1,000 shares of Bear no-par common stock.

During the month of January, 2020, the following events occurred. 1/2/2020. Bear Company hired Eddie Clement to manage the company. Eddie will be paid $2,000 a month. Eddie is an expert designer and maker. Eddie is also a matchless marketer.

1/5/2020. Bear Company purchased 1 sewing machine for $50,000 each. The machine can make 10,000 dolls and has zero salvage value. Bear also rents a workshop for $1,000 a month. Bear pays the first and last month rent to Roman Company.

1/10/2020. Bear purchases on account $15,000 of sewing material.

1/15/2020. Bear completes 100 Yogi dolls. Bear uses $8,000 of the material on the dolls. Eddie spent 40 hours (one week on the dolls).

1/25/2020. Bear sells all 100 Yogi dolls for $15,000 cash.

1/31/2020. Bear receives its utility bill for the month of $1,000. Bear will pay it and Eddie for his work for the month of January on 2/2/2020.

Required: Prepare the journal entries for the transactions during January.

Prepare the unadjusted trial balance

Prepare the adjusting entries for January

Prepare the adjusted trial balance

Prepare the financial statements for January

Prepare the closing entries for January

Prepare the post-closing trial balance for January