Prepare all January journal entries and adjusting entries for items $($a$)($v$)$ using given data.

January Transactions

a$.$ On $1/01,$ OPC paid employees$$ salaries and wages that were previously accrued on December $31.$

b$.$ A truck is purchased on $1/02$ for $$9,500$ cash. It is estimated this vehicle will be used for $50,000$ miles, after which it will have no residual value.

c$.$ Payroll withholdings and employer contributions for December are remitted on $1/03.$

d$.$ OPC declares a $$0\mathrm{.}50$ cash dividend on each share of common stock on $1/04,$ to be paid on $1/10.$

e$.$ A $$1,030$ customer account is written off as uncollectible on $1/05.$

f$.$ On $1/06,$ recorded sales of $175$ units of inventory on account. Sales tax is charged but not yet collected or remitted to the state.

g$.$ Sales taxes of $$500$ that had been collected and recorded in December are paid to the state on $1/07.$

h$.$ On $1/08,$ OPC issued $300$ shares of treasury stock for $$2,400.$

i$.$ Collections from customers on account, totaling $$17,971,$ are recorded on $1/09.$

j$.$ On $1/10,$ OPC distributes the $$0\mathrm{.}50$ cash dividend declared on January $4.$ The company$$s stock price is currently $$5$ per share.

k$.$ OPC purchases on account and receives $70$ units of inventory on $1/11$ for $$4,130.$

l$.$ The equipment purchased last year for $$44,200$ is sold on $1/15$ for $$45,400$ cash. Record depreciation for the first half of January prior to recording the equipment disposal.

m$.$ Payroll for January $115$ is recorded and paid on $1/16.$ Be sure to accrue unemployment taxes and the employer$$s matching share of FICA taxes.

n$.$ Having sold the equipment, OPC pays off the note payable in full on $1/17.$ The amount paid is $$24,228,$ which includes interest accrued in December and an additional $$97$ interest through January $17.$

o$.$ On $1/27,$ OPC records sales of $30$ units of inventory on account. Sales tax is charged but not yet collected or remitted.

p$.$ A portion of the advance order from December $(25$ units$)$ is delivered on $1/29.$ No sales tax is collected on this transaction because the customer is a U$.$S$.$ governmental organization that is exempt from sales tax.

q$.$ To obtain funds for purchasing new equipment, OPC issued bonds on $1/30$ with a total face value of $$106,000,$ stated interest rate of $5$ percent, annual compounding, and six$-$year maturity date. OPC received $$95,895$ from the bond issuance, which implies a market interest rate of $7$ percent.

r$.$ On $1/31,$ OPC records units$-$of$-$production depreciation on the vehicle $($truck$),$ which was driven $2,000$ miles this month.

s$.$ OPC estimates that $2\%$ of the ending accounts receivable balance will be uncollectible. Adjust the applicable accounts on $1/31,$ using the allowance method.

t$.$ On $1/31,$ adjust for January rent expired.

u$.$ Accrue January $31$ payroll on $1/31,$ which will be payable on February $1.$ Be sure to accrue unemployment taxes and the employer$$s matching share of FICA taxes.

v$.$ Accrue OPC$$s corporate income taxes on $1/31,$ estimated to be $$5,440.$

Prepare all January journal entries and adjusting entries for items $($a$)($v$).$Required information