Prepare an adjusted trial balance for the following transactions:

/01 pays cash for a 12 month property insurance policy on their store for $3600.

1/02 paid $1,000 of their Accounts Payable. There was no discount taken.

1/03 The Unearned Sales Revenue beginning balance is comprised of deposits received

from customers during late December for antiques to be shipped in 2021. An

antique toy with a selling price of $9,000 and a previous deposit received of $300

was shipped to the customer on 1/03. The sale was made on credit terms of Net 30.

This antique was in the current Antiques Inventory and had an original cost of $4,000.

1/04 purchased Office Supplies for $600 on terms of 1/10, n 30.

1/05 paid the Salaries Payable from December 31.

1/07 purchased $ 6,000 of additional Antique Toys on account from AAA Antiques,

terms, 2/10, n 30, for their Inventory. The 10 toys cost $600 each.

1/15 sells 2 of the 1/07 Antique Toys for $ 900 each for cash.

1/16 receives payment on $13,000 of the outstanding Accounts Receivable for sales

made last year.

1/19 pays for the toys purchased on 1/07.

1/20 receives a $ 700 cleaning bill from the Ajax Cleaning Company. This has not been

previously accrued.

1/21 purchases additional Equipment for the business for $4,000 by signing a

2 year Note.

1/26 discovers that they forgot to make the $2,000 January 2, 2021 payment that was due on their Mortgage Payable for the Building. When they realize their error, they decide to pay both their January and February mortgage payments on February 1.

1/29 receives an order for $3,000 of Antique Toys that it does not have in its Inventory.

informs the customer that it will be able to get the desired toys and ship then to the

Customer at a future date. (The Antique Toys will cost $1,800 to acquire.) The

Customer agrees to a March ship date.

1/30 sells and ships Antique Toys to customer Joe Smith FOB Shipping Point

under credit terms of n 30. The shipment will arrive on Feb. 4^th at Smiths

destination. The sale price is $6,000. they were holding the Antique

Toys in their Inventory at an original cost of $4,000.

1/31 a) records January depreciation expense of $ 2,500 for Buildings and

$ 400 for Equipment.

b) determines that it currently has $400 of actual Office Supplies on Hand.

c) accrues unpaid January Salaries of $3,700.

Trial Balance as of 1/1/2021 Dr Cr Cash Accounts Receivable Office Supplies On Hand Antiques Inventory Building Accumulated Depreciation on Building Equipment Accumulated Depreciation on Equipment $ $ $ $ $ 30,000 26,000 2,000 40,000 300,000 $ 30,000 $ 3,000 $ 1,000 Accounts Payable Interest Payable Salaries Payable Unearned Sales Revenue Notes Payable, Due 7/31/2021 Mortgage Payable, 20 year $ 5,200 $ 800 $ 4,000 $ 3,000 $ 10,000 $ 180,000 Common Stock Retained Earnings $ 5,000 $ 162,000 Total $ 401,000 $ 401,000