Geo Inc. had the following account balances on January 1, Year 2: Accounts Payable $ 740 Accounts Receivable 2,700 Cash 25,000 Common Stock 25,000 Equipment 5,600 Notes Payable 5,200 Retained Earnings 4,500 Salaries and Wages Expense 0 Supplies 2,140 During January, Year 2, Geo entered into the following transactions: A. Paid $740 on account for utilities that were used during December, Year 1. B. Purchased $508 of supplies for cash. C. Signed a rental agreement for office space and paid $6,900 in advance for six months of rent beginning February 1, Year 2. D. Purchased $25,000 of new equipment, signing a promissory note. E. Provided $34,500 of services. $21,500 was received in cash and $13,000 was provided on credit. F. Paid workers $8,200 for work done in January Required: Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the following January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry to pay $740 on account for December's utilities. Note: Enter debits before credits. General Journal Debit Credit Transaction A Record entry Clear entry View general Journal (General Journal T Accounts > Brokeback Towing Company is at the end of its accounting year, December 31, 2018. The following data that must be considered were developed from the company's records and related documents: a. On July 1, 2018, a two-year insurance premium on equipment in the amount of $920 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1. b. At the end of 2018, the unadjusted balance in the Supplies account was $1,320. A physical count of supplies on December 31, 2018, indicated supplies costing $460 were still on hand. c. On December 31, 2018, YY's Garage completed repairs on one of Brokeback's trucks at a cost of $960. The amount is not yet recorded. It will be paid during January 2019. d. On December 31, 2018, the company completed a contract for an out-of-state company for $8,110 payable by the customer within 30 days. No cash has been collected and no journal entry has been made for this transaction. e. On July 1, 2018, the company purchased a new hauling van. Depreciation for July-December 2018, estimated to total $2,910, has not been recorded. f. As of December 31, the company owes interest of $660 on a bank loan taken out on October 1, 2018. The interest will be paid when the loan is repaid on September 30, 2019. No interest has been recorded yet. g. Assume the income after the preceding adjustments but before income taxes was $46,000. The company's federal income tax rate is 30%. Compute and record income tax expense. Required: Indicate the accounting equation effects (amount and direction) of each adjusting journal entry. Provide an appropriate account name for any revenue and expense effects. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction Assets Liabilities Stockholders' Equity a. b. c. d. e. f g