January Transactions 1-thg 1 Performed car repair services and received cash at the time of sale, $4,350. 2-thg 1 Paid for the car parts purchased on account last year, $790. 4-thg 1 Paid wages and salaries for $2,575, part of which was accrued in December. 10-thg 1 Paid the utility bill that was already accrued in December in utilities payable. 16-thg 1 Collected cash from credit sales made last year, $1,800. 20-thg 1 Purchased $4,500 of equipment, paid $2,250 cash and issued a note for $2,250. 22-thg 1 Performed car repair services on account, $3,940. 27-thg 1 Paid dividends to the company's owners, $300. January Adjusting Entries 31-thg 1 The estimated depreciation on building and equipment is $770. 31-thg 1 One month of rent has expired, $850. 31-thg 1 The annual interest rate is 4% on all notes and paid quarterly. It was last paid on Dec 31 of the prior year. Round to the nearest dollar. 31-thg 1 The supplies remaining at the end of the month was $680. 31-thg 1 Accrued wages and salaries worked in January that will be paid 2-4, $1,790. 31-thg 1 The estimated income taxes for the month is $655. Part 3 February Transactions 1-thg 2 Paid six months of rent in advance, $5,100. 4-thg 2 Paid wages and salaries for $2,180, part of which was accrued in January. 7-thg 2 Purchased supplies on account, $810 11-thg 2 Performed car repair services on account, $3,650. 17-thg 2 Collected cash from credit sales made in January and February, $4,560. 20-thg 2 Made a monthly payment on the equipment note, $65. 23-thg 2 Performed car repair services and received cash at the time of sale, $5,430. 25-thg 2 Accrued for the bonus earned by the shop manager that will be paid in April, $975. February Adjusting Entries 28-thg 2 The estimated depreciation on building and equipment is $770. 28-thg 2 One month of rent has expired, $850. 28-thg 2 The annual interest rate is 4% on all notes and paid quarterly. Round to the nearest dollar. 28-thg 2 The supplies remaining at the end of the month was $840. 28-thg 2 Accrued wages and salaries worked in February that will be paid 3-4, $1,940. 28-thg 2 The estimated income taxes for the month is $505.

• Record February transactions in the General Journal and post to the General Ledger.
• Record adjusting entries for February in the General Journal and post to the General Ledger.