Instructions: Using the following chart of accounts and the general journal form provided journalize the transactions and adjustments foe Lous Laundry and Dry Cleaning Inc. fir the month of January 2022 Lous Laundry and dry cleaning Inc. use the accrual method of accounting for recording transactions.

Part A

Jan 2 Issued common stock for $7,500 cash

3 Purchased supplies from subs n stuff for $2,200 cash

3 Purchased equipment for $15,000 on account from Washers Wholesale

4 Purchased a 6-month insurance policy paying $1,200

8 Received $200 from a customer who paid in advance for laundry services for January and February.

12 Billed clients for services performed $4,200

15 Paid employees wages for January 1-15 $1,230

28 Paid $2,500 on account to Washers Wholesale

31 Collection of accounts receivable in January $3,200

31 Received but did not pay the Jan electric bill $145

Part B

Make these adjusting Journal entries for the previous transactions. All AJE are dated January 31

(a) Wages of 340 are owed to employees for hours they worked Jan 29-31

(b) One month of the unearned revenue received on January 8 from the customer who paid in advance for laundry services has been earned

(c) The supplies account has an unadjusted balance of $2,200. Supplies on hand at the end of January have a cost of $600.

(d) Of the 6-month insurance policy purchased on January 4^th record expired for one month.