On January 1, Pulse Recording Studio (PRS) had the following account balances: The following transactions occurred during January. a. Received $2,540 cash on 1/1 from customers on account for recording services completed in December. b. Wrote checks on 1/2 totaling $4,420 for amounts owed on account at the end of December. c. Purchased and received supplies on account on 1/3, at a total cost of $200. d. Completed $4,000 of recording sessions on 1/4 that customers had paid for in advance in December. e. Received $4,750 cash on 1/5 from customers for recording sessions started and completed in January. f. Wrote a check on 1/6 for $4,160 for an amount owed on account. g. Converted $1,030 of cash equivalents into cash on 1/7. h. On 1/15, completed EFTs for $1,420 for employees' salaries and wages for the first half of January. 1. Received $2,910 cash on 1/31 from customers for recording sessions to start in February. Required: 1. Prepare journal entries for the January transactions. Review the 'General Ledger' and the unadjusted Trial Balance' Tabs to see the effect of the transactions on the account balances. 2. Prepare journal entries for items (j)(n) from the bank reconciliation. 1. The bank deducted $500 for an NSF check from a customer deposited on January 5 . k. The check written January 6 has not cleared the bank, but the January 2 payment has cleared, 1. The cash recelved and deposited on January 31 was not processed by the bank until February 1 m. The bank added $4 cash to the account for interest earned in January. n. The bank deducted $4 for service charges. 3. Prepare adjusting journal entries on 1/31 in 'General Journal' Tob. (these are shown as items 15 to 21). 1. Prepare journal entries for the January transactions. Review the 'General Ledger' and the unadjusted 'Trial Balance' Tabs to see the effect of the transactions on the account bolances. 2. Prepare joumal entries for items (0)-(n) from the bank reconciliation. 1. The bank deducted $500 for an NSF check from a customer deposited on January 5 . k. The check written January 6 has not cleared the bank, but the January 2 payment has cleared. 1. The cash received and deposited on January 31 was not processed by the bank untilf February 1 . m. The bank added $4 cash to the account for interest earned in January. n. The bank deducted $4 for service charges. 3. Prepare adjusting journal entries on 1/31 in 'General Journal' Tab. (these are shown as items 15 to 21): 0. Depreciation for the month is $190 p. Sotaries and wages totaling $1,800 have not yet been recorded for January 16 to 31 . q. Prepaid Rent will be fully used up by March 31 . . Supplies on hand at January 31 were $400 5. Received $200 involce for January electricity charged on account to be paid in February but is not yet recorded. t. Interest on the promissory note of $39 for January has not yet been recorded or paid. u. Income tax of $1,300 on January income has not yet been recorded or paid. 4. Review the odjusted 'Trial Balance' as of January 31. 5. Prepare on income statement for the period ended January 31 in the 'income Statement' Tab. 6. Prepore a bank reconciliation in the 'Bank Reconciliation' Tab. 7. Prepare a classified balance sheet as of January 31 in the 'Balance Sheet' Tab. 8. Using the information from the requirements above, complete the 'Analysis' tab. Prepare the journal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (o) through (u) to correcty report net income for the period. (It no entry is required for a transaction/event, select -No journal entry required" in the first account field.). Journal entry worksheet Prepare the journal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (a) through (u correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry required" in account field.) Journal entry worksheet (1) ,14 1718192021 Depreciation for the month $190. Record the transaction. Nate: Enter debits before credits. Prepare the joumal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (0) through correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry required" account field.) Journal entry worksheet Salaries and wages totaling $1,800 have not yet been recorded for January 16-31. Record the transaction. Note: Enter debits before credits. Prepare the joumal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (0) through ( u) to correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry required" in the account field.) Journal entry worksheet 1 14 18 19 21 Prepaid Rent will be fully used up by March 31. Record the transaction. Note: Enter debits before credits. Prepare the journal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (0) t correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry rec account field.) Journal entry worksheet Supplies on hand at January 31 were $400. Record the transaction. Note: Enter debits before credits. Prepare the journal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (o) correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry re account field.) Journal entry worksheet .14 Received $200 invoice for January electricity charged on account to be paid in February but is not yet recorded. Record the transaction. Note: Enter debits before credits. correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry account field.) Journal entry worksheet 1) ,14 Interest on the promissory note of $39 for January has not yet been recorded or paid. Record the transaction. Note: Enter debits before credits, Prepare the journal entries to record transactions (a) through (n). Then prepare the necessary adjusting entries (0) thr correctly report net income for the period. (If no entry is required for a transaction/event, select "No journal entry requ account field.) Journal entry worksheet (1) 14 16171819 Income tax of $1,300 on January income has not yet been recorded or paid. Record the transaction. Note: Enter debits before credits