General journal, general ledger, balance sheet and also requirement #5 using the data in the general ledger Account prepare Lennys home income statement for. January 1 to January 31, 2019Requirement number six using the data in the general ledger accounts and any other data you need to develop prepare Lenny's balance sheet as of January 31, 2019

27 2 Problem 7-9 Lenny's January Accounting Period This problem repeats Lenny's month of January from Chapter 7. Print the forms on the following pages and use them to complete this problem. Requirement 1 For each of the following January 2019 transactions, make the required entries in the General Journal: Jan 01 Pay $500 cash for the January truck rental. Jan 03 Pay $925 cash for supplies. The supplies will be totally consumed in the month of January. The cost of the supplies should not be put in the Supplies asset account. Jan 20 The property management company pays $22,500 cash on its account for mowing work that was invoiced in December of last year. Jan 29 Invoice the property management company $26,000 for January mowing work. The invoice will be paid in February. Jan 31 Pay $16,500 cash to the workers for work they performed in January. Requirement 2 Post the transaction entries from the General Journal to the General Ledger accounts. Requirement 3 Based on the following information, record the January 2019 depreciation adjusting entry in the General Journal and post the adjusting entry to the General Ledger accounts. The $48,000 of mowing equipment was purchased on January 2, 2018. The estimated useful life of the equipment is four years. It is estimated that the equipment will have no value at the end of four years and will be scrapped. Lenny's uses the straight-line depreciation method. Requirement 4 Except for Retained Earnings, compute an ending balance for each General Ledger account. For Retained Earnings, place the current balance in the account