Part C - Callaway Consulting (10 marks) Journalize the adjusting entries needed on December 31, 2021 the end of the current accounting period for each of the following independent cases affecting Callaway Consulting. a) Callaway has performed $1000 in services for Claudio Corp. They have not yet collected any money or recorded this transaction. b) Callaway pays employees each Friday. The amount of the weekly payroll is $6,000 for a five day work week. The current accounting period ends on Tuesday, December 31, 2021. c) Amortization on furniture for the year totals $750. This has not yet been recorded. d) The company used $300 of utilities during December 2021, but has not yet paid the bill. This amount has not yet been recorded. e) The beginning balance (on January 1, 2021) of supplies was $2,600. During the year, Callaway purchased additional supplies costing $4,000 and at December 31, the cost of supplies on hand is $1,700. No Explanations required Date Accounts Debit Credit a. b. C. d. e. Part 2 - Journal entries and adjustments (19 marks) Jonas Janitorial Services completed the following transactions during January 2021 Jan 1 Collected $1,200 cash from a customer who will require janitorial services from January 1 - March 1, 2021 ($1,200 is the total for all three months). Jan 3 Paid for office insurance for the month of January, $750. Jan 5 Paid $9,000 for office rent for the next 3 months (January - March, 2021). Jan 6 Performed $950 in janitorial services for Skip Lee Diner. The customer has 30 days to pay. Jan 15 Completed $2,500 in services for customers and immediately collected cash. Jan 26 Skip Lee Diner comes in and pays $950 on account for the Jan 6th transaction. Jan 31 Purchased $500 worth of cleaning supplies on account. Part A - Journalize the above transactions (7 marks). No Explanations required Date Accounts Debit Credit Jan 1 Jan 3 Jan 5 Jan 6 Jan 15 Jan 26 Jan 31 Part B - Refer to the entries made in part one of this question (above). Two related adjustments must be made for the January 31st, 2021 year end. Record those adjusting journal entries (2 marks) No Explanations required Date Accounts Debit Credit Jan. 31 Jan. 31