Please help prepare a General Journal, using this format:
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Transactions during the month: Jan. 1 Paid $2,400 for a one year premium on property and casualty insurance. The policy covers the period January 1, 2021 to December 31, 2022 Jan. 1 Sold 720 "Zips to Joey on account for $62 each, terms 2/10, net 30. Jan. 2 Zipparoo purchased additional equipment for cash for $22,000. The equipment has an expected life of 10 years and an estimated salvage value of $4,800. Jan. 5 Joey returned 62 pairs of "Zips" because of defections. The inventory could not be resold and was disposed of. Jan. 8 Purchased 620 pairs of Zips" from Bluey on account for $22 each, terms 3/10, net 60. Jan. 9 Office supplies totaling $7,200 were purchased on account. Jan. 9 Joey paid full amount owed. Round calculations to the nearest dollar. Jan. 12 Sold 720 pairs of "Zips" to Pete on account for $82 each, terms 2/10, net 30. Jan. 14 Purchased 480 pairs of "Zips" from Kanga on account for $18 each, terms 2/10, net 30. Jan. 17 Paid full amount owed to Bluey from Jan. 8 purchase. Jan. 18 Paid $12,000 for workers' salaries. This amount includes amounts owed from the previous month. Jan. 23 Delivered 320 pairs of "Zips" to Flash who had purchased them in advance last month._$12,000. Jan. 24 Paid interest on Long-Term Debt, $5,800. Jan. 25 Paid dividends to stockholders, $3,800. Jan. 26 Received cash from customers billed in the previous month, $12,000. Jan. 27 Pete paid full amount owed. Jan. 27 Paid full amount owed to Kanga from Jan. 14 purchase. Jan. 28 One of Zipparoo's customers, Rooth, owes $2,2po but has informed Zipparoo that he will not pay because of bankruptcy. Zipparoo writes off Rooth's account as uncollectible. Jan. 30 Paid utilities for January of $475. DOWNLOADED FORMS TO RECEIVE CREDIT FOR THE PROBLEM. Zipparoo Chart of Accounts Set up the entire general ledger using these accounts before you start into the project. Keep the accounts in numerical order. 11 Cash 12 Accounts Receivable 13 Allowance for Doubtful Accounts 14 Office Supplies 15 Prepaid Rent 16 Inventory 17 Prepaid Insurance 18 Equipment 19 Accumulated Depreciation 21 Accounts Payable 22 Salaries Payable 23 Deferred Revenues 25 Long-term Debt 31 Common Stock 34 Retained Earnings 35 Dividends 41 Sales Revenue 42 Sales Returns and Allowances 43 Sales Discounts 51 Insurance Expense 52 Uncollectible Account Expense 53 Rent Expense 54 Cost of Goods Sold 55 Office Supplies Expense 56 Interest Expense 57 Depreciation Expense 58 Utilities Expense 59 Salaries Expense 60 Purchase Discount Lost/Taken Post. Ref. Date Description Debit Credit
