Make adjusting journal entries for the month of January as needed. $($Start with Jour$-$ nal no$.$ Jan$24\mathrm{.}1.)$ You carefully consider the following: $$ Math Revealed! used the straight$-$line method to determine depreciation expense for all fixed assets.

$1.$ Monthly depreciation expense for the equipment purchased prior to $12/31$ is $$65\mathrm{.}00.($Computer $$50$; Printer $$7\mathrm{.}50$; Calculators $$7\mathrm{.}50)2.$Math Revealed! purchased $$1,690$ of furniture on $1/2.$ You expect the furniture to last $8$ years, with a $$250$ salvage value. You take a full month depreciation on the furniture.

$3.$ Two computers $($$$1,260)$ and six calculators $($$$312)$ were also purchased on $1/2.$ You expect the computers to have a $3-$year life $($no salvage value$)$ and the calculators to have a $4-$year life $($no salvage value$).$ You take a full month depreciation on the equipment.

$4.$ On $1/30,$ shelving was installed. The cost of the shelving was $$820.$ You expect the shelving to last for the term of the lease $(24$ months$).$ You estimate the salvage value at $$100$ at the end of the $2$ years. You started using the shelving on February $1.$

$5.$ The insurance policy premium paid in January was $$480.$ The policy term is $1/1-12/31/24.$