McBride Company has the following opening account balances in its general ledger on January 1.
General Ledger
	Acct #	Account Title	Jan. 1 Balance
	101	Cash	35,970
	112	Accounts Receivable	14,100
	115	Notes Receivable	38,680
	120	Inventory	21,100
	126	Supplies	1,150
	130	Prepaid Insurance	1,900
	157	Equipment	6,640
	158	Accumulated DepreciationEquip.	1,524
	201	Accounts Payable	34,300
	301	Owners Capital	83,716
In addition, the following transactions have not been journalized for January 2014.
Jan.	3	Sell merchandise on account to B. Berg $3,000, invoice no. 510,and J. Lutz $1,800, invoice no. 511.
Jan.	5	Purchase merchandise on account from S. Colt $3,000 and D. Kahn $2,510.
Jan.	7	Receive checks for $4,870 from S. Andrus and $2,030 from B. Boxberger.
Jan.	8	Pay freight on merchandise purchased $200.
Jan.	9	Send checks to S. Otero for $8,950 and D. Baroni for $9,850.
Jan.	9	Issue credit of $300 to J. Lutz for merchandise returned.
Jan.	10	Summary cash sales total $15,700.
Jan.	11	Sell merchandise on account to R. Kotsay for $1,830, invoice no. 512, and to S. Andrus $1,100, invoice no. 513.
Jan.	12	Pay rent of $860 for January.
Jan.	13	Receive payment in full from B. Berg and J. Lutz.
Jan.	15	Withdraw $1,040 cash by I. McBride for personal use.
Jan.	16	Purchase merchandise on account from D. Baroni for $15,200, from S. Otero for $12,700, and from S.Colt for $1,360.
Jan.	17	Pay $420 cash for office supplies.
Jan.	18	Return $210 of merchandise to S. Otero and receive credit.
Jan.	20	Summary cash sales total $17,900.
Jan.	21	Issue $15,500 note to R. Rasmus in payment of balance due.
Jan.	21	Receive payment in full from S. Andrus.
Jan.	22	Sell merchandise on account to B. Berg for $3,890, invoice no. 514, and to R. Kotsay for $1,110, invoice no 515.
Jan.	23	Send checks to D. Baroni and S. Otero in full payment.
Jan.	25	Sell merchandise on account to B. Boxberger for $3,800, invoice no. 516, and to J, Lutz fir $6,310, invoice no. 517.
Jan.	27	Purchase merchandise on account from D. Baroni for $12,500, from D. Kahn for $1,240, and from S. Colt for $2,700.
Jan.	28	Pay $380 cash for office supplies.
Jan.	31	Summary cash sales total $23,500.
Jan.	31	Pay sales salaries of $4,390 and office salaries of $3,470.
Instructions
1	Record the January transactions in the appropriate journal-sales, purchases, cash receipts, cash payments where applicable AND record all transactions on "journal entries" tab.
2	Create adjusted trial balance.
3	Prepare income statement, statement of owner's equity and balance sheet for McBride Co.
4	Prepare closing entries and post closing trial balance .