I just need assistance on the first portion (preparing January's entries and adjusting entries). Any and all help would be greatly appreciated!!

Please let me know if theres anything I need to add

I've started on some of the entries and have made notes.

HCwas founded in 2021 Bklow is the post-dosing trial balance as of 12/31/2021 Requirensents: Prepare all hen entries and adjustine joumal eatries os a pournal sheet Fost all Lun transactions and adjustirgentress to Taccounts Thepare the financial statements (heome \& Palance) at ead of han 2022 MORIMNN NFOESLIKN: HChas a policy of selling imventory at $120 per anit. Sakes tax is 5% HACuses the HFO method and recerds CCXS on a peryetual system. Wuges are $3,000 permonth and paid on the 16 for the fint hall of the month and the 12 of the following month for ilse second half of the month. hooms tanes withheld are $225 for each puycheck FCAtases are 5100 per paycheck Both the withholding and cmployer's matching contribetion are paid on the 22 day of each mosth. Inemploynernt tases of 550 are accraed wilh cach payrull and paid on Mlanch 31 . Re ginning inventery is 511.970(190 units ) Thepaid hnuaranse is for Lnuary to /yoril 2022 Figuipenent was purchased on hill 1, 2021; residual valae in 51,000 ,expected life is 5yearc. Repreciation h on a straight-Line metbod. Inearsed Revenue is for 40 units for 2 custemers te be filled in the follorning year. The par vathe en commen stock is $1. U1 Hn 1 Paid the December paymell previousb accnucd 43. Kn 2 Atruck in perchased for 520,600 with cash;cskinated trage is 160,000 miles; sahnage value is $1,600 HVC was founded in 2021 Below is the post-closing trial balance as of 12/31/2021 Requirements: Prepare all Jan entriex and adjusting journal entries on a jourmal sheet Post all Jan tranactions and adjusfing entries to T accounts Prepare the financial statements (Income \& Balance) at end of Jan 2022 Wages are 5s.ox por imenb and paid an the 16 fer the first hatf of the nuatb and the 1 of the follanieg asseth for the secued balf of the neverth. laceets Eases withbrld are 5235 fer earle paycherk HCA tawa are sace per payderk timengelh. Fecinning imsntery is 511,970 (1) units) Propaid Iaverabce ho fee Jamary is Aprill 202z Dogreciation it an a straiple-lint natheel. Notes Pagable is a lean for 524, No0 wrines an Jaly 1. 2k21, with a 1005 , antwat interest. The far valae en commen sturk is 91. TRANSACTHONS FCR 3RN. 2ed *1 Jas 1 Paid the Drowemter payrull grevimedy accrurell is dan2 100, ove miles: salvage value is 51,000 HVB was founded in 2021 Below is the post-closing trial balance as of 12/31/2021 Requirements: Below is the post-closing trial balance as of 12/31/2021 Prepare all Jan entries and adjusting journal entries on a journal sheet Post all Jan transactions and adjusting entries onto T accounts Prepare the financial statements at end of Jan 2022 ADDIIONAL INFORMATION: 1. HVB has a policy of selling inventory at $120 per unit. 2. Sales tax is 5%. 3. HVB uses the FFO method and records cOGS on a perpetual system. 4. Wages are $3,000 per month and paid on the 161 for the first half of the month and the 1a of the following month for the second half of the month. 5. Income taxes withheld are $225 for each paycheck 6. FICA taxes are $100 per paycheck 7. Both the withholding and employer's matching contribution are paid on the 2dd day of each month 8. Unemployment taxes of $50 are accrued with each payroll and paid on March 31. 9. Beginning inventory is $11,970 ( 190 units) 10. Prepaid Insurance is for January to April 2022 [DO NOT DO] 11. Equipment was purchased on July 1,2021 ; residual value is $1,000; expected life is 5 years. Depreciation is on a straight line method. 12. Unearned Revenue is for 40 units for 2 customers to be filled in the following year. 13. Notes Payable is a loan for $24,000 written on fuly 1,2021 , with a 10$k annual interest. 24,000.1=240 14. The par value on common stock is $1. 15. Treasury stock has 400 . (One stock is worth $12 ) IRANSACIIONS FOR IAN. 2021 \#1. Jan 1 Paid the December payroll previously accrued \#2. Jan 2 A $90,0005%6-year bond is issued. The effective rate is 6% W3 Jan 2 A truck is purchased for $20,000 with cash; estimated usage is 100,000 miles; salvage value is $1,000 Debit PPE 20,000 Credit Cash 20,000 \#44 Jan 2 Payroll taxes payable (FIT & FICA) recorded in Dec. 2021 is sent to IfS 45 Jan 5$950 is written off as uncollectible Debit Allowance 950 Credit Accounts Receivables 950 950885 65 \#6. Jan6 Sales on account of 170 units were made; sales tax is 5% 7 Jan 1170 units of inventory were purchased on account for $4,550 48 Jan 1530 units of the advance of 40 units is delivered; there is no sales tax on this order (Unearned Rev, 4,800) Debit UE 4,600 Credit Revenue 4,600 9 Jan 16 Record and pay payroll for Jan 1 to 15 , and employer's FICA and unemployment taxes \#10 Jan 20400 shares of treasury stock are sold for $10 a share. 40010=4,000 Debit CASH 4,000 Debit APIC 800 CREDIT Treasury Stock 4,800(40012) H11 Jan 21$7,500 was collected from sales on account H12 DELEIED H13 Jan 30 The equipment purchased for $25,000 is sold for $21,000; depreciation for Jan is recorded \#14 Jan 31 HVB pays off the note in full. Interest for one month is recorded in final payoff a. Jan. 31 Record depreciation on truck. In Jan., the truck clocked 1,000 miles b. Jan. 31 it is estimated 2% of the ending accounts receivable will be uncollectible c. Jan. 31 Record Jan insurance expired d. Accrue Jan 31 payroll payable on Feb 1, and record employer's FICA taxes e. Record 1 month's interest expense (Notes Payable) 24,000.1=2,400/12 Debit interest expense 200 Credit Interest payable 200 Debit Notes Payable 24000 Debit Interest 1400 Credit Cash 25,400 31 T accounts There is a t account wages payable with 1175 cash Fica T account 400 on right, 200 on the right (9), and 200 adjusting entry, 144 debit 400 on left. 400 ending FI account 450 on right, 225, and 225 adjusting, 214450 on left. 450 ending FUTA on the right 100,4950 , adj d50, on the left 200 Wage expense on the left #91500, adjusting 1500 , on the right 3000 Payroll Taxes on the left n9150 and adjusting 150, 300 right 9a. Wages 1,500 FIT 225 FICA 100 Notes Payable 1,175 9b. Payroll Taxes 150 FICA 100 FUTA 50 ADJ Wages 1,500 FICA 100 225 N WAGES PAYABLE 1175 HCwas founded in 2021 Bklow is the post-dosing trial balance as of 12/31/2021 Requirensents: Prepare all hen entries and adjustine joumal eatries os a pournal sheet Fost all Lun transactions and adjustirgentress to Taccounts Thepare the financial statements (heome \& Palance) at ead of han 2022 MORIMNN NFOESLIKN: HChas a policy of selling imventory at $120 per anit. Sakes tax is 5% HACuses the HFO method and recerds CCXS on a peryetual system. Wuges are $3,000 permonth and paid on the 16 for the fint hall of the month and the 12 of the following month for ilse second half of the month. hooms tanes withheld are $225 for each puycheck FCAtases are 5100 per paycheck Both the withholding and cmployer's matching contribetion are paid on the 22 day of each mosth. Inemploynernt tases of 550 are accraed wilh cach payrull and paid on Mlanch 31 . Re ginning inventery is 511.970(190 units ) Thepaid hnuaranse is for Lnuary to /yoril 2022 Figuipenent was purchased on hill 1, 2021; residual valae in 51,000 ,expected life is 5yearc. Repreciation h on a straight-Line metbod. Inearsed Revenue is for 40 units for 2 custemers te be filled in the follorning year. The par vathe en commen stock is $1. U1 Hn 1 Paid the December paymell previousb accnucd 43. Kn 2 Atruck in perchased for 520,600 with cash;cskinated trage is 160,000 miles; sahnage value is $1,600 HVC was founded in 2021 Below is the post-closing trial balance as of 12/31/2021 Requirements: Prepare all Jan entriex and adjusting journal entries on a jourmal sheet Post all Jan tranactions and adjusfing entries to T accounts Prepare the financial statements (Income \& Balance) at end of Jan 2022 Wages are 5s.ox por imenb and paid an the 16 fer the first hatf of the nuatb and the 1 of the follanieg asseth for the secued balf of the neverth. laceets Eases withbrld are 5235 fer earle paycherk HCA tawa are sace per payderk timengelh. Fecinning imsntery is 511,970 (1) units) Propaid Iaverabce ho fee Jamary is Aprill 202z Dogreciation it an a straiple-lint natheel. Notes Pagable is a lean for 524, No0 wrines an Jaly 1. 2k21, with a 1005 , antwat interest. The far valae en commen sturk is 91. TRANSACTHONS FCR 3RN. 2ed *1 Jas 1 Paid the Drowemter payrull grevimedy accrurell is dan2 100, ove miles: salvage value is 51,000 HVB was founded in 2021 Below is the post-closing trial balance as of 12/31/2021 Requirements: Below is the post-closing trial balance as of 12/31/2021 Prepare all Jan entries and adjusting journal entries on a journal sheet Post all Jan transactions and adjusting entries onto T accounts Prepare the financial statements at end of Jan 2022 ADDIIONAL INFORMATION: 1. HVB has a policy of selling inventory at $120 per unit. 2. Sales tax is 5%. 3. HVB uses the FFO method and records cOGS on a perpetual system. 4. Wages are $3,000 per month and paid on the 161 for the first half of the month and the 1a of the following month for the second half of the month. 5. Income taxes withheld are $225 for each paycheck 6. FICA taxes are $100 per paycheck 7. Both the withholding and employer's matching contribution are paid on the 2dd day of each month 8. Unemployment taxes of $50 are accrued with each payroll and paid on March 31. 9. Beginning inventory is $11,970 ( 190 units) 10. Prepaid Insurance is for January to April 2022 [DO NOT DO] 11. Equipment was purchased on July 1,2021 ; residual value is $1,000; expected life is 5 years. Depreciation is on a straight line method. 12. Unearned Revenue is for 40 units for 2 customers to be filled in the following year. 13. Notes Payable is a loan for $24,000 written on fuly 1,2021 , with a 10$k annual interest. 24,000.1=240 14. The par value on common stock is $1. 15. Treasury stock has 400 . (One stock is worth $12 ) IRANSACIIONS FOR IAN. 2021 \#1. Jan 1 Paid the December payroll previously accrued \#2. Jan 2 A $90,0005%6-year bond is issued. The effective rate is 6% W3 Jan 2 A truck is purchased for $20,000 with cash; estimated usage is 100,000 miles; salvage value is $1,000 Debit PPE 20,000 Credit Cash 20,000 \#44 Jan 2 Payroll taxes payable (FIT & FICA) recorded in Dec. 2021 is sent to IfS 45 Jan 5$950 is written off as uncollectible Debit Allowance 950 Credit Accounts Receivables 950 950885 65 \#6. Jan6 Sales on account of 170 units were made; sales tax is 5% 7 Jan 1170 units of inventory were purchased on account for $4,550 48 Jan 1530 units of the advance of 40 units is delivered; there is no sales tax on this order (Unearned Rev, 4,800) Debit UE 4,600 Credit Revenue 4,600 9 Jan 16 Record and pay payroll for Jan 1 to 15 , and employer's FICA and unemployment taxes \#10 Jan 20400 shares of treasury stock are sold for $10 a share. 40010=4,000 Debit CASH 4,000 Debit APIC 800 CREDIT Treasury Stock 4,800(40012) H11 Jan 21$7,500 was collected from sales on account H12 DELEIED H13 Jan 30 The equipment purchased for $25,000 is sold for $21,000; depreciation for Jan is recorded \#14 Jan 31 HVB pays off the note in full. Interest for one month is recorded in final payoff a. Jan. 31 Record depreciation on truck. In Jan., the truck clocked 1,000 miles b. Jan. 31 it is estimated 2% of the ending accounts receivable will be uncollectible c. Jan. 31 Record Jan insurance expired d. Accrue Jan 31 payroll payable on Feb 1, and record employer's FICA taxes e. Record 1 month's interest expense (Notes Payable) 24,000.1=2,400/12 Debit interest expense 200 Credit Interest payable 200 Debit Notes Payable 24000 Debit Interest 1400 Credit Cash 25,400 31 T accounts There is a t account wages payable with 1175 cash Fica T account 400 on right, 200 on the right (9), and 200 adjusting entry, 144 debit 400 on left. 400 ending FI account 450 on right, 225, and 225 adjusting, 214450 on left. 450 ending FUTA on the right 100,4950 , adj d50, on the left 200 Wage expense on the left #91500, adjusting 1500 , on the right 3000 Payroll Taxes on the left n9150 and adjusting 150, 300 right 9a. Wages 1,500 FIT 225 FICA 100 Notes Payable 1,175 9b. Payroll Taxes 150 FICA 100 FUTA 50 ADJ Wages 1,500 FICA 100 225 N WAGES PAYABLE 1175