Please help wirh begining trial balance, journal entries and T accounts.

In the project you will assume the role of the staff accountant for Shipping Inc., and perform Shipping Inc.'s accounting for the transactions that occurred during January 2021. A list of the transactions that Shipping Inc. engaged in during January 2021 is attached at the end of this assignment. As the staff accountant, you will need to: 1. Prepare journal entries for each of the attached transactions. 2. Post each of the journal entries to related T-accounts. 3. Prepare a trial balance at the end of the month. 4. Prepare any necessary adjusting entries. 5. Prepare an adjusted trial balance. 6. Prepare Shipping Inc.'s Income Statement for the month ended January 31, 2021. 7. Prepare Shipping Inc.'s January 31 closing entries. 8. Prepare Shipping Inc.'s January 31 post-closing trial balance. 9. Prepare Shipping Inc.'s Statement of Retained Earnings for the month ended January 31, 2021, and their Balance Sheet as of January 31, 2021. Shipping Inc.'s transactions during January 2021: 1. Jan. 1 - Issued 7,500 shares of no-par common stock for $14 per share. 2. Jan. 1 - Purchased a deliver van (used) for $16,000 in cash. Monthly depreciation for the van is $250. 3. Jan. 1 - Paid $3,840 for a one-year insurance policy covering the period January 1, 2021 - December 31, 2021. 4. Jan. 7 - Performed repairs and maintenance on their computer equipment costing $2,000. 5. Jan. 12 - Purchased inventory on credit for $92,000. 6. Jan. 15 - Declared and paid $4,000 in dividends to its shareholders. 7. Jan. 22 - Paid $65,000 to its suppliers for inventory purchased on credit in December 2020. 8. Jan. 25 - Provided services for which a customer had paid $3,000 in December of 2020 (hint: see the deferred revenue account in the January 1, 2021 trial balance). 9. Jan. 31 - Paid its employees $45,000 for work performed from December 26 - January 25. $6,800 was for work performed in December 2020, and 38,200 was for work performed from January 1 - January 25, 2021. 10. During January Shipping Inc. collected $118,300 in accounts receivable. (Make a summary entry for the entire month). 11. During January Shipping Inc. made credit sales for $210,000. The cost of the goods sold was $125,000. (Make summary entries for the entire month). 9. Jan. 31 - Paid its employees $45,000 for work performed from December 26 - January 25. $6,800 was for work performed in December 2020, and 38,200 was for work performed from January 1 - January 25, 2021. 10. During January Shipping Inc. collected $118,300 in accounts receivable. (Make a summary entry for the entire month). 11. During January Shipping Inc. made credit sales for $210,000. The cost of the goods sold was $125,000. (Make summary entries for the entire month). Other information: 1. Monthly depreciation for the Furniture & Fixtures is $500, and monthly depreciation for the computer equipment is $350. 2. The note payable for $60,000 is a 5-year note that matures on December 31, 2023. The interest on the note is 8% and is payable annually on each December 31st Shipping Inc. made their regularly scheduled interest payment of $4,800 on December 31, 2020. 3. During the period January 26 - January 31 employees earned an additional $5,900 which will be included in their February paycheck. 6.97 GB AutoSave OFF Shipping Inc Accounting Home Insert Draw Page Layout Formulas Data Review View Times New Roman V V V Custom [G v 12 AA CA Paste BIU $ % , B15 x fx 0 A B C D 4 5 Description 6 ash 7 Accounts Receivable 8 Inventory 9 Furniture & Fixtures 10 Computer Equipment 20 11 Accum. Dep. - F&F m 12 Accum. Dep. - Comp. Eqp 13 Accounts Payable 14 Salaries Payable 15 Notes Payable 16 Deferred Revenue 17 Common Stock 18 Retained Earnings 19 Total 20 21 is 22 Debit 107,800.00 114,300.00 89,500.00 26,000.00 16,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 353,600.00 Credit 0.00 0.00 0.00 0.00 0.00 1,200.00 6,000.00 78,400.00 6,800.00 60,000.00 5,000.00 60,000.00 136,200.00 353,600.00 15 23 24 25 a 26 27 28 29 30 31 32 33 + Beginning Trial Balance Journal Entries T Accounts Ending Trial Balance Adjustin AutoSave OFF A5 Draw Page Layout Home Insert Formulas Data Shipping Inc Accounting Cycles Review View = General $ % Times New Roman 12 A A Paste BIU PIN v A v AS D E F G H 1 DR CR Cash 105,000 X fx A B C 1 2 Entry 1 3 Description Issuance of Common Stock 4 Date 1-Jan 5 6 7 nd 8 m 9 10 11 Common Stock 105,000 12 13 14 15 16 17 18 s 19 19 20 + 121 22 aj 23 24 25 26 27 28 29 30 Beginning Trial Balance Journal Entries T Accounts Ending Trial Balance Adjusting Entries AutoSave OFF Shipping Inc Accounting Cycle Spread Home Insert Draw Page Layout Formulas Data Review View ec Calibri (Body) 11 ~ A A = General [G V 10 IMI Conc Form Cell Paste BIU v a. Av $ % ) 68 98 A1 x fx A B D E F G H C Cash 107,800 BB Common Stock 60000 BB n 8 Prepaid Insurance 0 BB Van m9 10 11 12 13 14 15 16 17 18 SO 19 BB 0 Maintenance Expense 0 BB Accounts Payable 78400 BB Retained Earnings 136200 is 21 2 22 23 24 na 25 26 27 28 29 30 31 32 Inventory 895001 BB Deferred Revenue 5000 BB Beginning Trial Balance Journal Entries T Accounts Ending Trial Balance Adjusting Entries AutoSave OFF osu- Shipping Inc Accounting Cycle Home Insert Draw Page Layout Formulas Data Review View 06 Calibri (Body) 11 VA A General v Paste BIU v A V $ %) .00 -> A1 x v fox A B D E F G H 1 Inventory 89500 BB Deferred Revenue 5000 BB Salary and Wage Expense 0 BB Service Revenue O BB 20 27 28 29 30 31 32 33 20 34 m 35 36 37 38 39 40 41 42 FU43 5044 45 is 46 1S 47 48 49 Accounts Receivable 114300 BB Sales Revenue + O BB Furniture & Fixtures 26000 aj 50 BB COGS 0 BB JE 11 0 51 52 53 54 55 56 57 Acc Dep. Furniture & Fix 1200 BB Computer Equipment Ending Trial Balance Adjusting Ent Beginning Trial Balance Journal Entries TAccounts U AutoSave OFF Shipping Inc Accounting Cycle Spreadsheet- Home Insert Draw Page Layout Formulas Data Review View ale A A 11 General Conditional [ v Calibri (Body) EE Paste v v Ar $ % ) Format as T Cell Styles 00 > A1 X fx B c D E G H 47 48 49 50 51 52 53 B8 Furniture & Fixtures 26000 COGS 0 BB JE 11 0 54 Acc Dep. Furniture & Fix 1200 BB Computer Equipment 16000 BB 1 55 56 57 58 59 60 61 62 63 64 65 is 66 Salaries Payable 6800 BB Acc. Dep. Computer Equip 6000 BB 19 67 Notes Payable 60000 BB 168 69 70 8 71 72 73 74 75 76 77 78 Beginning Trial Balance Journal Entries T Accounts Ending Trial Balance Adjusting Entries Adjus