Part Ill Can Redmon decided to expand his business and begin seting accounting sotware, as well as providing consulting servces, Duing anuary, Jan 2 Completed a consulting engagement and received cash of $7,200 Carl Redmon Consulting compleled these transactions 2 Prepaid Sree months' omce rent, $1,500 7 Purchased software inventory on account, $3.,900, plus freight in, $100 15 Withdrew $500 for personal use 18 Sold software on account, $1,100 (cost $700) 19 Consulted with a client for a fee of $900 on account 20 Paid the secretary's salary for the month 21 Paid on account, $2,000 24 Paid ubines, $300 28 Soid sotware for cash, $600 (cost $400) 31 Recorded these adjusting entriesO a) Accrued salary eq ense b) Depreciation of computer and turniture c) Expiration of prepaid rent d) Expiration of prepaid insuranoe e) physcal contofnventory, s2800 ) Eamed the remaining revenue from December 22 g) Redmon estimates that 3% of nestry sold win be returned Required 1) Prepare journal entries for the above transactions and post hese entries to the ledger 2) Prepare adjusting entries on January 31 and post to the ledger 3) Prepare an adjusted trial balance, an income statement a statement of owners equity. and a batance sheet as of /on January 31, 2018 4) Prepare closing entries at January 31, 2018 and post to the ledge 5) Prepare a post closing trial balance on January 31. 2018 6) wite a letter to lheCEO panngthe financial positon of te company