make this into a t account

Project 1: Review of Accounting Cycle [The following information applies to the questions displayed below.] Francine's Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below: Francine's Fast Deliveries, Inc. Balance Sheet at January 1, 2012 Assets: Liabilities: $ 875 Accounts Payable $ 250 Cash Accounts Receivable Supplies 450 Stockholders' Equity: 250 Contributed Capital Retained Earnings $1,000 325 Total Assets $1,575Total Liabilities & Stk. Equity $1,575 January Transactions for Francine's Fast Deliveries, Inc. (FFD) Date 1 Owners invest $18,000 of additional cash in the business 2a Supplies are purchased for $550 on account. 2b Insurance is paid for 12 months beginning January 1: $6,060 (Record as an asset) 2c Rent is paid for 3 months beginning in January: $2,550 (Record as an asset) Two employees are hired. Each employee will be paid $870 per month 3 2d FFD borrows $21,000 from 1st State Bank at 6% annual interest. 6 A delivery van is purchased for cash. Including tax the total cost was $28,800. It will be used for 4 years and will be depreciated monthly using straight-line with no salvage value. A full month of depreciation will be charged in January 7 $315 of the receivables from December's sales are collected $200 of the accounts payable from December are paid Performed services for customers on account. Mailed invoices totaling $8,200 Services are performed for cash customers: $5,740 Wages for the first half of the month are paid on January 16: $870 8 9 10 16 20 The company receives $2,150 from a customer for an advance order for services to be provided in January and February. Collections from customers on account (see January 9 transaction): $3,280 The last 2 weeks wages earned by employees are $435 per employee and will be paid on February 25 30a 30b A $545 utility bill for January arrived. It is due on February 15 Additional Information for adjusting entries at January 31 a. Supplies on hand on January 31 total $160. b. The company completed 60% of the deliveries for the customer who paid in advance on January 20. C. Interest is accrued for the bank loan. (Assume a full month for the 1st State Bank loan.) d. Record January depreciation. e. Adjust the prepaid asset (Rent and Insurance) accounts as needed References