As of January 31 , the following adjusting entry data are available. 1. A count of brochures and posters reveals that none were used in January. 2. A count of baking supplies reveals that none were used in January. 3. Another month's worth of depreciation needs to be recorded on the baking equipment bought in November. (Recall that the baking equipment has a useful life of 5 years or 60 months.) 4. One month's worth of amortization (write-off) needs to be recorded on the website. (Recall that the website has a useful life of 2 years or 24 months) 5. Anadditional month's worth of interest on her grandmother's loan needs to be accrued. (The interest rate is 9 ) 6. One month's worth of insurance has expired. 7. Natalie receives her cell phone bill, \$75. The bill is for services provided in January and is due February 15. (Recall that the cell phone is used only for business purposes.) 8. An analysis of the unearned revenue account reveals that Natalie has not had time to teach any of these lessons this month because she has been so busy selling mixers. As a result there is no change to the unearned revenue account. Natalie hopes to schedule the outstanding lessons in February. 9. An inventory count of mbers at the end of January reveals that Natalie has three mixers remaining. Prepare the adjusting journal antries required, (Credit occount titles are automotically indented when amount is entered Do not indent monually. If no entry is required select 'No Enth' for the account tites and enter Ofor the amounts. Recond iournal entries in the order preserited in the problem? Because Natalie has had such a successful first few months she is considering other opportunities to develop her business. One opportunity is to become the exclusive distributor of a line of fine European mixers. The current cost of a mixer is approximately $550. and Natalie would sell each one for \$1,100. Natalie comes to you for advice on how to account for these mixers. Each appliance has a seriai number and can be easily identified. In the end. Natalie decides to use the perpetual method of accourting for inventory, and the following transactions happen during the month of Banuary. Jan. 4 She buys five deluxe mbers on account trom Kzinski Supply Co, for 52.750 , terms n/30. 6. She pays $100 freight on the dandary 4 purchase. 7 Natalie returns one of the mixers to Kzinski because it was damaged during shipping Krinaki issues Cookie Creations credit for the cost of the mixer plus $20 for the cost of freight that was paid on January 6 for one miver. 8 She collects the amount due from the neighborhood community center that was accrued at the end of December 2020. 12. She sells three deluxe mixers on account for $3,300,FOB destination, terms n/30. The mixers cost $570 each lineluding freight). 13 Natalie pays her cell phone bill previously acerued in the December adjusting journal entries. 14 She pays $75 of delivery charges for the three mixers that were sold on January 12. 14 She buys tour deluave mixers on account from Kzinski Supply Co, for $2.200, terms N/30. 17 Natalie is concemed that there is not enough cash wailable to pay for all of the mixers purchased. She issues additional commonstock for $1,000 18 She pays $80 freight on the Jamuary 14 purchase. 20 She sells two deluxe mixers for $2,200cash. 28. Natalie issues a check to her assistant. Her assistant worked 20 hours in January and is also paid for the amount accrued at December 31, 2020. Recall that Natalie's assistant earns $8 an hour. 28 Natalie collects amounts due from customers from the January 12 transaction. 31 She gavs Krinski all amounts due. The adfusted trial balance from December is presented below
