Please record the transactions with these exact accounts. thank you!

Current Assets 10000 Cash Accounts Receivable Inventory Candles Inventory- Holders Stockholders' Equity 11000 12000 12100 Inv 13100 Office Supplies 13200 18000 Prepaid Rent 18100 Prepaid Insurance 39003 Common Stock 39005 Retained Earnings 39007 Dividends Store Supplies Revenue 40000 Sales Prepaid Advertising Long-Term Assets Expenses 50000 Cost of Goods Sold 60100 Legal Expense 60150 Store Supplies Expense 60200 Office Supplies Expense 60300 Insurance Expense 60350 Wages Expense 60400 Delivery Expense 60500 Advertising and Promotion 15000 Office Equipment 17000Accumulated Depreciation -Office Equipment Furniture &Fixtures 15100 17100 Accumulated Depreciation-Furniture & Fixtures 60550 Utility Expense 60600 Rent Expense 60650 Depreciation Expense 60700 nterest Expense Current Liabilities 20000 Accounts Payable 21100Note Payable- Wells Fargo Bank 60750 Bank Service Fee 21200 Note Payable Office Mart 23100 Wages Payable 23200 Interest Payable 23300 Sales Tax Payable 23400 Utility Payable Long-Term Liabilities 27000 Mortgage Payable 27100 Notes Payable Record the January 2019 transactions in the general journal (last section of this practice set) using the following events. Skip a line between each entry and number the entries to match the number of the transaction. In the general journal record the transaction number, the date, and the account numbers After all journal entries are entered into the practice set, enter the adjusting journal entries. Next, create a T-Account for each account that is used in the Chart of Accounts and record the transactions and end with an ending balance. All ending balances should be on the normal balance side even if the account has a zero balance. If there is a number that is uneven round to the nearest cent. You will need the ending balance in the cash account for the bank reconciliation. All instructions for Blackboard start on page 9 Transactions Description Deposit No. Check No Date Carla Cannel met with her lawyer and CPA for advice on starting the business. They decided that Ms. Cannel would organize the business as a corporation. The lawyer told Ms. Cannel to register the company name, Carla's Candles, Inc., with the County of El Paso In addition, Ms. Cannel will get an employer identification number (EIN) from the Internal Revenue Service and get a sales tax permit from the state of Texas. The lawyer agreed to prepare the Articles of Incorporation to be filed with the Secretary of State of Texas The CPA has agreed to help Ms. Cannel set up her accounting system 1. 1/02/19 2. | 1/02/19 | Deposit #1 | Ms. Cannel opened a business checking account at Wells Fargo Bank by depositing the personal check she gave her company for 40,000. The corporation issued her a stock certificate for 4,000 shares of common stock 3. | 1/03/19 | ck #1001 | Ms. Cannel signed a one-year rental agreement with Reynolds Realtors for shop space. She was required to pay $3,000 for rent for the months of January 1, 2019-March 31, 2019 4. | 1/03/19 | ck #1002 | Arranged for a general business liability insurance policy and paid $1,200 to State Penn Insurance. This premium is for one year of coverage Purchased office equipment for a cost of $5,000 from Office Mart for use in the business. Ms. Cannel signed a six-month, 8% note payable for the cost of the system. The office equipment has an 5. 1/03/19 6 P a g e estimated useful life of 4 years and the residual (salvage) value is $0. This will be recorded as Office Equipment, and depreciated using the Straight-Line Depreciation method accordingly | 1/05/19 | Deposit #2 | Signed a note payable to borrow $5,000 from Wells Fargo Bank 6. Interest is 8% annually and the note is to be repaid with interest in nine months | Purchased furniture and fixtures for $15,000 from Furniture 7. | 1/05/19 | Ck #1003 Warehouse. The estimated service life of this asset is 5 years. The residual (salvage value) is $1,000. This will be recorded as Furniture and Fixtures and depreciated using the Straight-Line Depreciation 8. | 1/06/19 9. | 1/06/19 10. 1/08/19 Method | Purchased more Office Equipmenet for $700 to be used in the store | Purchased S 700 in office supplies. | ck #1004 | ck #1005 Purchased $7,000 of Inventory-Candles from Fantastic Flames on account. 11. 1/08/19 Purchased $3,000 of Inventory-Holders from Handsome Holders on account. | Ms. Cannel received and paid the $650 charge from her lawyer 12. | 1/13/19 13. |1/18/19 | ck #1006 Carla's Candles is now open for business. Sales will be both retail and wholesale. Retail customers will purchase online and at the shop and will be charged an 8.25% sales tax. Ms. Cannel will allow major customers to charge their purchases on account and then pay later Sold a candelabra to UTEP for their homecoming banquet on account for $4,000. The cost of the candles is $1,450. The cost of the holders is $450. UTEP does not have to pay sales tax on the purchase Purchased $300 of store supplies on account. This is to be recorded as store supplies Purchased additional candles from Fantastic Flames on account, for $5,500 14. 1/18/19 15. 1/18/19 16. 1/18/19 17. | 1/19/19 | Deposit #3 | Recorded cash sales for the first five days of operation. Sales totaled $6,000 and the sales tax collected totaled $495. A total of $6,495 was deposited in the bank. The cost of merchandise sold was $4,200. (Candles were $3,500 and Holders were $700) 18. | 1/20/19 | 19, | 1/22/19 20. 1/22/19 21. 1/23/19 | Ck #1007 | Ck #1008 | Received and paid the $300 invoice for store supplies. | Paid the invoice from Handsome Holders from 1/08/19 Ordered $700 of holders on account Ms. Cannel donated a candelabra to the Providence Hospital fund raiser. She felt that this was a good way to advertise her new business, Her business was listed as a sponsor and a large ad was I Page put in the fund raiser program. Cost of the candles were $600 and the holders were $100. Ms. Cannel considers this an advertising expense. 22. | 1/23/19 | Deposit #4 | Received payment in full from UTEP. The payment was deposited in the bank. 23. | 1/23/19 | ck #1009 | Ms. Cannel paid her credit card bill for the month. The total was $300 which $250 was for delivery charges to deliver both candelabras and $50 was for store supplies for the cellophane used for the Humane Society candelabra 24. | 1/23/19 25. | 1/23/19 | ck #1010 | Deposit #5 | Purchased and paid for $50 of office supplies. | Internet and retail sales totaled $9,300 and sales taxes of $767.25 was collected. The cost of the merchandise sold was $4,500 (Candles $4,000; Holders $500). The money was deposited in the bank. 26. | 1/23/19 | Ck #1011 | Paid the balance due to Fantastic Flames. There are two invoices one on 1/8/19 and the other on 1/18/19. 27. | 1/25/19 | Deposit #6 | Collected sales of $3,400. Sales tax collected was $280.50. All was deposited in the bank. The cost of the merchandise sold was $1,250. (Candles $1,000; Holders $250) Received but did not pay the electric bill for the month, $350. 28.1/28/19 29. | 1/30/19 | ck #1012 | Paid the first monthly installment on the office equipment. The payment amount is $866.66. Of this amount, $33.33 is for interest and $833.33 is for principal. Make the check payable to Office Mart. 30. | 1/30/19 | Deposit #7 | Recorded internet sales for the last week of the month. Sales were $2,570 and sales tax collected was $212.03, all was deposited in the bank. The cost of the merchandise sold was $1,350 (Candles $1,000; Holders $350) 31. | 1/31/19 | ck #1013 | Paid all sales tax owed for January to the Comptroller of Public Accounts 32. | 1/31/19 | ck #1014 | Declared and paid a cash dividend of $500 to Carla Cannel Current Assets 10000 Cash Accounts Receivable Inventory Candles Inventory- Holders Stockholders' Equity 11000 12000 12100 Inv 13100 Office Supplies 13200 18000 Prepaid Rent 18100 Prepaid Insurance 39003 Common Stock 39005 Retained Earnings 39007 Dividends Store Supplies Revenue 40000 Sales Prepaid Advertising Long-Term Assets Expenses 50000 Cost of Goods Sold 60100 Legal Expense 60150 Store Supplies Expense 60200 Office Supplies Expense 60300 Insurance Expense 60350 Wages Expense 60400 Delivery Expense 60500 Advertising and Promotion 15000 Office Equipment 17000Accumulated Depreciation -Office Equipment Furniture &Fixtures 15100 17100 Accumulated Depreciation-Furniture & Fixtures 60550 Utility Expense 60600 Rent Expense 60650 Depreciation Expense 60700 nterest Expense Current Liabilities 20000 Accounts Payable 21100Note Payable- Wells Fargo Bank 60750 Bank Service Fee 21200 Note Payable Office Mart 23100 Wages Payable 23200 Interest Payable 23300 Sales Tax Payable 23400 Utility Payable Long-Term Liabilities 27000 Mortgage Payable 27100 Notes Payable Record the January 2019 transactions in the general journal (last section of this practice set) using the following events. Skip a line between each entry and number the entries to match the number of the transaction. In the general journal record the transaction number, the date, and the account numbers After all journal entries are entered into the practice set, enter the adjusting journal entries. Next, create a T-Account for each account that is used in the Chart of Accounts and record the transactions and end with an ending balance. All ending balances should be on the normal balance side even if the account has a zero balance. If there is a number that is uneven round to the nearest cent. You will need the ending balance in the cash account for the bank reconciliation. All instructions for Blackboard start on page 9 Transactions Description Deposit No. Check No Date Carla Cannel met with her lawyer and CPA for advice on starting the business. They decided that Ms. Cannel would organize the business as a corporation. The lawyer told Ms. Cannel to register the company name, Carla's Candles, Inc., with the County of El Paso In addition, Ms. Cannel will get an employer identification number (EIN) from the Internal Revenue Service and get a sales tax permit from the state of Texas. The lawyer agreed to prepare the Articles of Incorporation to be filed with the Secretary of State of Texas The CPA has agreed to help Ms. Cannel set up her accounting system 1. 1/02/19 2. | 1/02/19 | Deposit #1 | Ms. Cannel opened a business checking account at Wells Fargo Bank by depositing the personal check she gave her company for 40,000. The corporation issued her a stock certificate for 4,000 shares of common stock 3. | 1/03/19 | ck #1001 | Ms. Cannel signed a one-year rental agreement with Reynolds Realtors for shop space. She was required to pay $3,000 for rent for the months of January 1, 2019-March 31, 2019 4. | 1/03/19 | ck #1002 | Arranged for a general business liability insurance policy and paid $1,200 to State Penn Insurance. This premium is for one year of coverage Purchased office equipment for a cost of $5,000 from Office Mart for use in the business. Ms. Cannel signed a six-month, 8% note payable for the cost of the system. The office equipment has an 5. 1/03/19 6 P a g e estimated useful life of 4 years and the residual (salvage) value is $0. This will be recorded as Office Equipment, and depreciated using the Straight-Line Depreciation method accordingly | 1/05/19 | Deposit #2 | Signed a note payable to borrow $5,000 from Wells Fargo Bank 6. Interest is 8% annually and the note is to be repaid with interest in nine months | Purchased furniture and fixtures for $15,000 from Furniture 7. | 1/05/19 | Ck #1003 Warehouse. The estimated service life of this asset is 5 years. The residual (salvage value) is $1,000. This will be recorded as Furniture and Fixtures and depreciated using the Straight-Line Depreciation 8. | 1/06/19 9. | 1/06/19 10. 1/08/19 Method | Purchased more Office Equipmenet for $700 to be used in the store | Purchased S 700 in office supplies. | ck #1004 | ck #1005 Purchased $7,000 of Inventory-Candles from Fantastic Flames on account. 11. 1/08/19 Purchased $3,000 of Inventory-Holders from Handsome Holders on account. | Ms. Cannel received and paid the $650 charge from her lawyer 12. | 1/13/19 13. |1/18/19 | ck #1006 Carla's Candles is now open for business. Sales will be both retail and wholesale. Retail customers will purchase online and at the shop and will be charged an 8.25% sales tax. Ms. Cannel will allow major customers to charge their purchases on account and then pay later Sold a candelabra to UTEP for their homecoming banquet on account for $4,000. The cost of the candles is $1,450. The cost of the holders is $450. UTEP does not have to pay sales tax on the purchase Purchased $300 of store supplies on account. This is to be recorded as store supplies Purchased additional candles from Fantastic Flames on account, for $5,500 14. 1/18/19 15. 1/18/19 16. 1/18/19 17. | 1/19/19 | Deposit #3 | Recorded cash sales for the first five days of operation. Sales totaled $6,000 and the sales tax collected totaled $495. A total of $6,495 was deposited in the bank. The cost of merchandise sold was $4,200. (Candles were $3,500 and Holders were $700) 18. | 1/20/19 | 19, | 1/22/19 20. 1/22/19 21. 1/23/19 | Ck #1007 | Ck #1008 | Received and paid the $300 invoice for store supplies. | Paid the invoice from Handsome Holders from 1/08/19 Ordered $700 of holders on account Ms. Cannel donated a candelabra to the Providence Hospital fund raiser. She felt that this was a good way to advertise her new business, Her business was listed as a sponsor and a large ad was I Page put in the fund raiser program. Cost of the candles were $600 and the holders were $100. Ms. Cannel considers this an advertising expense. 22. | 1/23/19 | Deposit #4 | Received payment in full from UTEP. The payment was deposited in the bank. 23. | 1/23/19 | ck #1009 | Ms. Cannel paid her credit card bill for the month. The total was $300 which $250 was for delivery charges to deliver both candelabras and $50 was for store supplies for the cellophane used for the Humane Society candelabra 24. | 1/23/19 25. | 1/23/19 | ck #1010 | Deposit #5 | Purchased and paid for $50 of office supplies. | Internet and retail sales totaled $9,300 and sales taxes of $767.25 was collected. The cost of the merchandise sold was $4,500 (Candles $4,000; Holders $500). The money was deposited in the bank. 26. | 1/23/19 | Ck #1011 | Paid the balance due to Fantastic Flames. There are two invoices one on 1/8/19 and the other on 1/18/19. 27. | 1/25/19 | Deposit #6 | Collected sales of $3,400. Sales tax collected was $280.50. All was deposited in the bank. The cost of the merchandise sold was $1,250. (Candles $1,000; Holders $250) Received but did not pay the electric bill for the month, $350. 28.1/28/19 29. | 1/30/19 | ck #1012 | Paid the first monthly installment on the office equipment. The payment amount is $866.66. Of this amount, $33.33 is for interest and $833.33 is for principal. Make the check payable to Office Mart. 30. | 1/30/19 | Deposit #7 | Recorded internet sales for the last week of the month. Sales were $2,570 and sales tax collected was $212.03, all was deposited in the bank. The cost of the merchandise sold was $1,350 (Candles $1,000; Holders $350) 31. | 1/31/19 | ck #1013 | Paid all sales tax owed for January to the Comptroller of Public Accounts 32. | 1/31/19 | ck #1014 | Declared and paid a cash dividend of $500 to Carla Cannel