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How would I prepare the journal entries for the above transactions? And how would I prepare the adjusting journal entries on January 31st and post

image text in transcribedHow would I prepare the journal entries for the above transactions? And how would I prepare the adjusting journal entries on January 31st and post to the ledger?
Part ll Carl Redmon decided to e s business and begin selling accounting software, as well During January, Carl Redmon Consulting completed these on decided to expand hi as providing consulting services. During January. Ca transactions: ces 2 Preppicted a consulting engagement and received cash of $9,000 2 Completer months Jan 2 Completed a cons Prepaid three months' office rent, $2,250 7 Purchased 15 Withdrew $700 for personal use. 18 Sold software on account, $1,100 (cost $700). 19 Consulted with a client for a fee of $900 on account. 20 software inventory on account, $4.200, plus freight in, $100 Paid the secretary's salary for the month. 21 Paid on account, $2,000 24 Paid utilities, $300 28 Sold software for cash, $600 (cost $400). Recorded these adjusting entries: 31 a) Accrued secretary's salary b) Depreciation of equipment and furniture. c) Expiration of prepaid rent d) Expiration of prepaid insurance. e) Physical count of inventory, $2,800. f) Earned the remaining revenue from December 22nd Required 1) Prepare journal entries for the above transactions and post these entries to the ledger 2) Prepare adjusting entries on January 31 and post to the ledger 3) Prepare an adjusted trial balance, an income statement, a statement of owner's equity. and a balance sheet as of / on January 31, 2016 4) Prepare closing entries at January 31, 2016 and post to the ledger. 5) Prepare a post-closing trial balance on January 31, 2016 6) Write a letter to the CEO explaining the current financial position of the company. Participation Peer evaluations MUST be submitted with Part III. Each group m participation grade for every group member to me in either a sea email (not attached to the rest of the project). Please see the the following page: ember must submit a led envelope or individual ot attached to the rest of the project), Please see the participation grading form on

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