In January 2013, Andrew Wiles organized a service corporation. The company called Services Co, began operations immediately. Transactions during the month of January were as follows: January 1 The corporation issued shares of capital amounting to $100,000 in exchange for cash January 2 Purchased an equipment from ABC company for $150,000. Made a $50,000 cash dowo payment and issued a note payable for the remaining balance January 4 Paid rent expenses for the month amounting to 53000 January 12 Billed customers 515.200 for services rendered January 15 Paid an advance payment of 524,000 for the 1-year insurance policy January 20 Collected 57,300 of the amounts billed to customers on January 12. January 25 Received advance payment from customers of $15,000 January 31 Paid $8,000 salaries earned by employees in January January 31 Paid off S 10.000 of the outstanding amount of the Notes Payable isted on January 2 Adjusting entries: 1. Interest expense of S 1000 was accrued on Notes Payable issued on January 2. 2. Depreciation on equipment is based on 10-year useful life. The straight line method of depreciation is used 3. Received invoice from advertising company for the payment of $500 advertising expenses 4. Salaries accrued but not paid totaled to S1200 SAs of the end of January, Services Company earned $3.500 of the advance payment received from customers on January 25, 6. Unrecorded income tax expense acerued in January amounted to $400. 7. Insurance expense was recorded for the half month period Instructions: a) Prepare journal entries for each transaction b) Prepare adjusting entries c) Post entries to the Ledger accounts using T account format d) Prepare the Adjusted Trial Balance