prepare a trial balance for January 20X2 
Balance Sheet Transactions duri Dewey, Cheatum \& Howe Balance Sheet As of December 31, 20X1 \begin{tabular}{|l|r|} \hline & \multicolumn{1}{|c|}{ Total } \\ \cline { 2 - 2 } & \multicolumn{1}{|c|}{} \\ \hline ASSETS & 42,000 \\ \hline Checking Account & 2,300 \\ \hline Savings Account & 875,000 \\ \hline Security Deposit & 1,000 \\ \hline Computer Equipment & 5,000 \\ \hline Internally Developed Software & 30,000 \\ \hline TOTAL ASSETS & 955,300 \\ \hline LIABILITIES AND EQUITY & \\ \hline Liabilities & \\ \hline \multicolumn{1}{|c|}{ Accounts Payable } & 330,000 \\ \hline \multicolumn{1}{|c|}{ Line of Credit } & 227,000 \\ \hline Loan Payable to Shareholder & 73,000 \\ \hline Total Liabilities & 630,000 \\ \hline Equity & \\ \hline Stockholders' Equity & 800,000 \\ \hline Retained Earnings & 474,700 \\ \hline Total Equity & 325,300 \\ \hline TOTAL LIABILITIES AND EQUITY & 955,300 \\ \hline \end{tabular} Dewey, Cheatum \& Howe Transactions For the month ending January 31,202 Date 1/1/20X2 Paid 12 months of rent at $6000 per month to Prime Properties 1/2/202 Dewey paid its nonhly cell phone bill in the amount of $1,200 reimbursements totalled $21,000. 1/4/20X2 The company invoiced its clicnts as follows: LV Corp \$75,000; C, Jack Associales $25,000 and Chantal LL.P \$55,000 The company drew down $200,000 its line of eredit in order to meet its monthly obligations Dewey made a donation to the Center Valley Little League in the amount of $1,400 $145,000 from a third company MAT Systems) Dewey pays a monthly retainer for leval services to Promenade Legal Services in the amount of $2,500. The company reimbursed its employees $3,800 for travel expenses inciarned The company paid its bi-weckly payroll of $90,000 Paid its ahort-ferm monthly car lease payment of \$1,400 to Mascrati LTD The company did net renew its kase on its storage unit which ended on 12/31/20X1 and is deposit of $1,000 was relumed The company renewed theif annual membenhip is the American Institute of CPAs for 5300 beat the bill won't come until Febraary Toe company paid dividends to its only sharcholder in the amosunt of $31,500 Dewey annousces a $183,000 salary bonas to be split anoong all employes will be paid in Febraary 202 date of February 15,202 The company took a contisuing education class costiag $300 but didn't receive the bill yet Dewey repaid principal on a loan payable to a shareholder in the amount of $12,000 Dewey paid for miscellaneous office supplies parchased on 1/19/X2. The invoice is $2,500. The company paid its bi-weckly payroll of $90,000 The company collected cash paynicats on its accounts receivable in the amount of $203,000 The company invoiced its clients a total of $170,000 Dewey prepared all required adjusting entries Dewey receives $1,000 in office supplies on account from WE DuBois
