Oriole Limited provides cleaning services to large corporations. Most contracts are two$-$year contracts under which the company cleans the offices on a monthly basis. On January $1,$ Oriole signed a two$-$year contract for $$36,000$ with $$8,400$ being paid January $31$ and the rest monthly at $$1,150$ per month $($end of month$).$ Historically, Oriole finds that it spends more time cleaning in the winter and spring and less time in the summer.

Show the journal entry for the receipt of cash on january $31$