Larkspur Company's balance sheet at December 31, 2021, is presented as follows. During January 2022, the following transactions occurred. Larkspur uses the perpetual inventory method. Jan. Larkspur accepted a 4-month, 8% note from Merando Company in payment of Merando's $1,200 account: 3 Larkspur wrote off as uncollectible the accounts of Inwood Corporation (\$400) and Goza Company (\$300). 8 Larkspur purchased $16,400 of inventory on account. 11 Larkspur sold for $27,900 on account inventory that cost $20,400. 15 Larkspur sold inventory that cost $800 to Mark Lauber for $900. Lauber charged this amount on his Visa First Bank card. The service fee charged Larkspur by First Bank is 3%. 17 Larkspur collected $22,800 from customers on account. 21 Larkspur paid $13,800 on accounts payable. 24 Larkspur received payment in full ($300) from Goza Company on the account written off on January 3. 27 Larkspur purchased supplies for $1,300 cash. 31 Larkspur paid other operating expenses, $3,400. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31,2022 , accounts recelvable. 3. A count of supplies on January 31,2022 , reveals that $500 remains unused. Prepare journat entries for the transactions listed above (linclude entries for cost of goods sold using the perpetual system) (Credit occount tities ore eutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.] Prepare adjusting entries. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)