Prepare an unadjusted trial balance at January 31. Use the information above.

Two employees have been hired, at a monthly salary of $2,980 each. The following transactions occurred during January of the current year. Ch. January $4,800 is paid for 12 months' insurance starting January 1. (Record as an asset.) $3,600 is paid for 12 months of rent beginning January 1. (Record as an asset.) FDI borrows $26,400 cash from First State Bank at 48 annual interest; this note is payable in two years A delivery van is purchased using cash. Including tax, the total cost was $24,000. Stockholders contribute $6,000 of additional cash to FDI for its common stock Additional supplies costing $800 are purchased on account and received. $800 of accounts receivable arising from last year's December sales are collected! $600 of accounts payable from December of last year are paid. Performed services for customers on account. Sent invoices totaling $11,500. $7,600 of services are performed for customers who paid immediately in cash. $2,980 of salaries are paid for the first halr of the month FDI receives $3,800 cash from a customer for an advance order for services to be provided 1ater in January and in February. $3,200 is collected from customers on account (see January 9 trans action). 2 1 2 2 2 2 4 2 5 2 6 2 7 8 2 3 10 16 3 20 3 25 Ch. January Additional information for adjusting entries:. 31a. 31b 31c. A $1,200 bi11 arrives for January utility services. Payment is due February 15. Supplies on hand on January 31 are counted and determined to have cost $300. As of January 31, FDI had completed 608 of the deliveries for the customer who paid in advance on January 20. Accrue one month of interest on the bank loan. Yearly interest is determined by multiplying the amount borrowed by the annual interest rate (expressed as 0.04) For convenience, calculate January interest as one-twelfth of the annual interest Assume the van will be used for 4 years, after which it willl have no value. Thus, each year, one-fourth of the van's benefits wil1 be used up, which implies annual 4 4 4 31d. 4 4 31e. nn Anneani