I have a homework and I am having a hard time with few of the answers and I would like to get some guidance.I answer questions 1-4 but I am get confused with 5,6 and 7. Could you please someone help me?

Transactions for Blackberry Mountain Inc for the month of January is as follows:

1 Company issued common stock for $21,000

2a Supplies are purchased for $3,000.

2b Insurance is paid for 6 months beginning January 1: $5,400 (record as an asset)

2c Rent is paid for 3 months beginning in January: $4,500 (record as an asset)

3 Blackberry Mountain Inc borrows $45,000 from 1st State Bank at 12% annual interest.

6 An equipment is purchased for $22,500 cash. It will be used for 3 years and will be depreciated monthly using straight-line depreciation with no salvage value. A full month of depreciation will be charged in January. 9 Services are performed for customers on account. Invoices totaling $9,800 are mailed.

10 Services are performed for cash customers: $7,600.

15 Blackberry Mountain Inc borrows $16,000 from 2nd State Bank at 9% annual interest. 16 Wages for the first half of the month are paid on January

16: $4,200

20 The company receives $3,000 from a customer for an advance order for services to be provided in January and February.

25 Collections from customers on account (see January 9 transaction): $4,500.

30 A $3,100 utility bill for January arrived. It is due on February 15.

Additional information for the adjusting entries at January 31:

a. The company completed 60% of the deliveries for the customer that paid in advance on January 20th.

b. Interest is accrued for the two bank loans (assume a full month for the 1st State Bank loan and month for the 2nd State Bank loan).

c. The last 2 weeks wages earned by employees are $4,200 and will be paid on February 3rd.

d. Record January depreciation.

e. Adjust the prepaid asset accounts as needed.

Instructions

1. journal entries for each event.

2. the t-accounts

3. unadjusted Trial Balance.

4. Record Adjusting Entries.

5. Adjusting Trial Balance.

6. Income Statement, Balance sheet, and Statement of Retained Earnings.

7. closing Entries.

I did question 1-4 but I quite do not understand what criteria I should consider to prepare those tables.(5-7)