On January 1, Year 1, the general ledger of a company includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,400 5,800 3,700 56,000 $ 3,800 71,000 15,100 $ 89,900 $89,900 During Year 1, the following transactions occur. January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on account, $26,100. January 17 Receive cash in advance from customers for services to be provided in the future, $4,300. January 20 Pay cash for salaries, $12,100. January 22 Receive cash on accounts receivable, $24,700. January 29 Pay cash on accounts payable, $4,600. 1. Record each of the transactions listed above. (If no entry is required for a particular transaction/event, select "No Jour Required" in the first account field.) View transaction list Journal entry worksheet 1 2 4 5 6 7 Record the purchase of rental space for one year in advance, $7,800 saction list 1 Record the purchase of rental space for one year in advance, $7,800 ($650/month). 2 Record the purchase of additional supplies on account, $4,100. 3 Record the providing of services to customers on account, $26,100. 4 Credit Record the receipt of cash in advance from customers for services to be provided in the future, $4,300. 5 Record the payment of cash for salaries, $12,100. 6 Record the receipt of cash on accounts receivable, $24,700. Note : journal entry has been entered Record entry Clear entry View general Journal Rent for the month of January has expired. Supplies remaining at the end of January total $3,400, By the end of January, $3,650 of services has been provided to customers who paid in advance on January 17. Unpaid salaries at the end of January are $5,380. 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet