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OJB Company began started its business in January 2016. The following transactions occurred in February 2016: Feb 1 Purchased supplies on account, $400. 2 Received

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OJB Company began started its business in January 2016. The following transactions occurred in February 2016: Feb 1 Purchased supplies on account, \$400. 2 Received cash from customers on account, $1,750. 3 Paid $400 on account. 5 Paid technician $750 in salary, including the amount owed at the end of January. 8 Billed customers for services provided on account, $3,200. 11 Paid cash for advertising on a local website, $400. 12 Received $3,670 cash for fees earned for jobs completed. 16 Paid electricity bill for the month, $290. 17 Received $8,800 cash for fees earned for jobs completed. 19 Paid technician $750 in salary. 20 Billed customers for services provided on account, $6,100. 22 Received cash from customers on account, $9,500. 25 Paid phone bill for the month, \$ 180. 26 Received cash from customers as an advance payment for technical support services to be provided in the future, $2,500. 27 Billed customers for services provided on account, \$3,900. 28 Received cash from customers on account, $5,100. 28 OJB withdrew $8,000 for personal use. 5. Optional: Enter the unadjusted trial balance on an end-of-period spreadsheotworksheet and complete the worksheet. 6. Journalize and post the adjunting entries. 7. Prepare an adjusted trial balance. 8. Prepare an Inoome Statement, Statement of Owner's Equity. and Balance Sheot. 9. Record and post the ciosing entries. Indicate ciosed accounts in the ledger by inserting a line in both of the Balance columns opposite each closing entry. 10. Prepare a post-closing trial balance. OJB COMPANY Post Closing Trial Balance January 31, 2016 COMPREHENSIVE PROBLEM 1, Continued 2., 6., and 9. GENERAL LEDGER acronant nn 11 arcouint Accounts Receivable ACCOUNT NO. 12

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