Online assignment

M&S advertising agency had the following adjusted account balances on Dec$\mathrm{.}31\mathrm{.}2021$:

Cash $50,000$; Account receivable $1,500$; supplies $2,500$; equipment $21,000$; Accumulated depreciation $-$ equipment $3,000$ ; account payable $22,000$ ; share capital ordinary $20,000$ ; Retained earnings $30,000.$

The following transactions occurred during the month Jan$\mathrm{.}2022$:

Jan$\mathrm{.}2\mathrm{.}2022.$ M & S received $$30,000$ from customers in advance for services to be provided until the end of the year.

Jan$\mathrm{.}5\mathrm{.}2022.$ M & S purchased $$10,000$ supplies and paid the amount in cash.

Jan$\mathrm{.}10\mathrm{.}2022.$ M & S performed $$5,000$ of advertising services on account.

Jan$\mathrm{.}1.2022.$ M & S purchased $$66,000$ building and signed a $10\%,18$ months, $66,000$ note.

jan$\mathrm{.}25\mathrm{.}2022.$ M & S paid $$12,000$ in advance for insurance policy. This insurance policy will cover one year starting from feb$\mathrm{.}1\mathrm{.}2022.$

Jan$\mathrm{.}28\mathrm{.}2022.$ M & S paid its employees $$11,000$ for salaries and wages.

You also know the following information regarding M&S advertising agency:

The company prepares its financial statements Monthly.

On Jan$\mathrm{.}31\mathrm{.}2022,$ A count of supplies had shown $$1,000$ of supplies on hand.

On Jan$\mathrm{.}31\mathrm{.}2022,$ it was found that $$30,400$ services that were performed on account during the previous month are not recorded.

Jan$\mathrm{.}31\mathrm{.}2022$ is a Tuesday, employees are paid $$6,000$ each Thursday on a $5$ working day week.

Depreciation on equipment is $$22,800$ per year, Depreciation on building is $$34,800$ per year.

Each month the company performs the same amount of its services obligation.

Required:

$(1)$ Prepare the Trial balance on Jan$\mathrm{.}31\mathrm{.}2022$ for M&S advertising agency

$(2)$ Prepare the adjusted trial balance on Jan$\mathrm{.}31\mathrm{.}2022$ for M&S advertising agency

$(3)$ Prepare the income statement for the first month of $2022$ for $M$&$S$ advertising agency

$(4)$ Prepare the Retained earnings statement for the first month of $2022$ for M&S advertising agency

$(5)$ Prepare the balance sheet at Jan$\mathrm{.}31\mathrm{.}2022$ for M&S Advertising agency

I want solution about $2$ hours