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he Michigan Flyer Wholesale Building Products Company began operations on January 1 , 2 0 2 2 . During the month of January 2 0
he Michigan Flyer Wholesale Building Products Company began operations on January
During the month of January the following transactions occurred:
a Scott Jones and Evie Lawson each invest $ cash in the corporation in exchange for shares of common stock each.
b Equipment is purchased for $ cash.
c On the first day of January, $ monthly rent on a building is prepaid for the months of January and February.
d On January Office supplies are purchased on account for $
e Merchandise inventory costing $ is purchased on account. The company uses the perpetual inventory system.
f On January $ is borrowed from a local bank, and a note payable is signed.
g On January a customer deposits $ for February delivery of shipment of lumber
h Sales on account for January are $ The cost of merchandise sold is $
i $ is collected on account from customers.
j $ is paid on account to vendors
k Salaries of $ are paid to employees for January. Federal Withholding is $ State Withholding is $ social security is and Medicare is of gross wages
l On January a bill for $ is received from the local utility company for the month of January.
m On January A customer has requested that the company convert his account receivable of to a note and the company agrees.
n On December the corporation declares cash dividends of payable on January
Prepare a unadjusted Trial balance
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