Part 1: Due Thursday, April 7 During January, the following transactions were completed for Kennesaw Cleaners, Inc (KCI).

1 On January 1, KCI issued stock in exchange for $20,000 cash.

2 On January 2, KCI purchased a truck for $14,000, paying $2,000 cash down and signing a 5-year, 2% note for the remaining $12,000.

3 On January 3, KCI purchased cleaning supplies for $800 on account to be used over several months.

4 On January 5, KCI prepaid $2,400 for a one-year insurance policy. Coverage began on January 1.

5 On January 10, KCI sent invoices to customers amounting to $3,800 for completed cleaning services.

6 On January 15, KCI paid $1,600 for employee salaries for work performed in January.

7 On January 16, KCI collected $1,400 from customers billed on January 10.

8 On January 20, KCI collected $1,000 in advance from a customer for February cleaning services.

9 On January 25, KCI makes a cash payment on truck note for $500.

10 On January 31, KCI paid a cash dividend of $100.

For the above transactions, Prepare the Monthly Journal Entries, Post to the General Ledger (t-accounts), and Prepare an Unadjusted Trial Balance.