On January $1,2024,$ the general ledger of Tripley Company included the following account balances:

The $$32,800$ beginning balance of inventory consists of $328$ units, each costing $$100.$ During January $2024,$ the company had the

following transactions:January $5$ Purchased $4,900$ units of inventory on account for $$539,000($$$110$ each$)$ with terms $1/10,$ n$/30.$

January $8$ Returned $100$ defective units of inventory purchased on January $5.$

January $15$ Sold $4,700$ units of inventory on account for $$742,600($$$158$ each$)$ with terms $2/10,$ n$/30.$

January $17$ Customers returned $200$ units sold on January $15.$ These units were initially purchased by the company on January $5.$ TheJanuary $20$ Received cash from customers on accounts receivable. This amount includes $$38,800$ from $2023$ plus amount receivable onJanuary $21$ Wrote off remaining accounts receivable from $2023.$

January $24$ Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount owed fromJanuary $28$ Paid cash for salaries during January, $$56,000.$

January $29$ Paid cash for utilities during January, $$38,000.$

January $30$ Paid dividends, $$5,800.$Month$-$end adjusting entries:

a$.$ Of the remaining accounts receivable, the company estimates that $10\%$ will not be collected.

b$.$ Accrued interest revenue on notes receivable for January.

c$.$ Accrued interest expense on notes payable for January.

d$.$ Accrued income taxes at the end of January for $$7,800.$

e$.$ Depreciation on the building, $$4,800.$

Complete this question by entering your answers in the tabs below.

Record each of the transactions listed above in the "General Journal" tab $($these are shown as items $1-13)$ assuming a

perpetual FIFO inventory system. Purchases and sales of inventory are recorded using the gross method for cash discounts.

Review the "General Ledger" and the "Trial Balance" tabs to see the effect of the transactions on the account balances.

Record adjusting entries on January $31$ in the "General Journal" tab $($these are shown as items $14-18).$

Review the adjusted "Trial Balance" as of January $31,2024,$ in the "Trial Balance" tab.

Prepare a multiple$-$step income statement for the period ended January $31,2024,$ in the "Income Statement" tab.

Prepare a classified balance sheet as of January $31,2024,$ in the "Balance Sheet" tab.

Record closing entries in the "General Journal" tab $($these are shown as items $19-20).$

Using the information from the requirements above, complete the "Analysi" tab.