Prepare journal entries to record the January transactions given. Please refer to the Worksheet tab for Account Titles you may need. Add the January journal entry information to the Worksheet in the January columns. You can do this in one of 2 ways - (1) Post the journal entries to ledger accounts using T-accounts to represent ledger accounts and then use those totals to post to the worksheet or (2) use excel to add all entries for a particular account into the correct column in the worksheet (ie., add all cash debits from the journal entries into the cash debit column for January entries). There is a tab to use for T Accounts if you want but the T Accounts are NOT required Prepare an unadjusted trial balance as of January 31, 2019. This will be part of the Worksheet you prepare. There is a tab in this file that you will use for this. Excel formulas must be used throughout the project to obtain full credit. Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab.. Highlight the entire worksheet area and press the "ctrl" key and the "V" key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed. Prepare adjusting entries for the month of January given the information provided. Post the adjusting entries to the Adjusting entries columns on the worksheet Prepare an adjusted trial balance as of January 31, 2019. This will be part of the Worksheet you prepare. There is a tab in this file that you will use for this. Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab. Highlight the entire worksheet area and press the "ctrl" key and the "V"key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed. Prepare financial statements for the month ending January 31, 2019. (Income Statement, Statement of Retained Earnings, Classified Balance Sheet). Formatting is important and will be graded so be sure you use dollar signs and underlines as appropriate. Also be sure you have headings and proper column usage for all statements. There is a tab for these statements. Heading are PARTIALLY completed for the 3 statements. Prepare closing entries for the end of the period Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab and the Financial Statements from the Financial Statements tab to the Financial Statements tab. Highlight the entire worksheet/financial statements area respecively and press the "ctrl" key and the "_"key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed. Amount 0.02 interest rate 11500 on account During January, the first month of operations, the following transactions occurred: Date Event 2-Jan Paid for 12 months rent on office space 5-Jan Purchased office furniture, 5-Jan DUITU WOU A LUIII Le Valk LUI Uperatug expenses. THE HULC Charges suple ILEI CSL NU ES LU ve palu vack II 3 11-Jan Performed services for various customers for cash and on account. 19-Jan Paid salaries to employees for 1 week. 20-Jan Received cash in advance from Stanley Inc. for work to be performed over the next 12 months. 22-Jan Purchased additional office supplies on account. 28-Jan Collected payments for amounts previously billed. 29-Jan Paid for utilities. 29-Jan Paid the bill for supplies purchased previously. 31-Jan Dividends were declared and paid. Amount 9,000 8,950 30,000 loan amt 12,500 paid cash 6,560 11,760 5,650 8,950 1,986 10,590 500 At the end of January, the following additional information is available to help determine what adjustments are needed: Amount Amount 6985 4680 31-Jan One month of interest has accrued on the note payable for the bank loan. 31-Jan Additional work for customers has been performed during the last week of January but not billed yet 31-Jan Supplies were counted at month end 31-Jan One month of the prepaid rent has been used up 31-Jan Depreciation expense needs to be recognized for the computer equipment and for the office furniture 31-Jan One month of the services for Stanley Inc. has been performed (see above). 31-Jan Salaries are paid every Friday (for a 5 day work week). January 31 was a Tuesday 295 comp equip 85 off furn 6,560 weekly CLOSING JOURNAL ENTRIES - ZKTZ Consulting Inc ACCOUNT DEBIT DATE CREDIT ZKTZ Consulting Inc Income Statement ZKTZ Consulting Inc Balance Sheet ZKTZ Consulting Inc Statement of Retained Earnings Prepare journal entries to record the January transactions given. Please refer to the Worksheet tab for Account Titles you may need. Add the January journal entry information to the Worksheet in the January columns. You can do this in one of 2 ways - (1) Post the journal entries to ledger accounts using T-accounts to represent ledger accounts and then use those totals to post to the worksheet or (2) use excel to add all entries for a particular account into the correct column in the worksheet (ie., add all cash debits from the journal entries into the cash debit column for January entries). There is a tab to use for T Accounts if you want but the T Accounts are NOT required Prepare an unadjusted trial balance as of January 31, 2019. This will be part of the Worksheet you prepare. There is a tab in this file that you will use for this. Excel formulas must be used throughout the project to obtain full credit. Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab.. Highlight the entire worksheet area and press the "ctrl" key and the "V" key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed. Prepare adjusting entries for the month of January given the information provided. Post the adjusting entries to the Adjusting entries columns on the worksheet Prepare an adjusted trial balance as of January 31, 2019. This will be part of the Worksheet you prepare. There is a tab in this file that you will use for this. Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab. Highlight the entire worksheet area and press the "ctrl" key and the "V"key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed. Prepare financial statements for the month ending January 31, 2019. (Income Statement, Statement of Retained Earnings, Classified Balance Sheet). Formatting is important and will be graded so be sure you use dollar signs and underlines as appropriate. Also be sure you have headings and proper column usage for all statements. There is a tab for these statements. Heading are PARTIALLY completed for the 3 statements. Prepare closing entries for the end of the period Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab and the Financial Statements from the Financial Statements tab to the Financial Statements tab. Highlight the entire worksheet/financial statements area respecively and press the "ctrl" key and the "_"key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed. Amount 0.02 interest rate 11500 on account During January, the first month of operations, the following transactions occurred: Date Event 2-Jan Paid for 12 months rent on office space 5-Jan Purchased office furniture, 5-Jan DUITU WOU A LUIII Le Valk LUI Uperatug expenses. THE HULC Charges suple ILEI CSL NU ES LU ve palu vack II 3 11-Jan Performed services for various customers for cash and on account. 19-Jan Paid salaries to employees for 1 week. 20-Jan Received cash in advance from Stanley Inc. for work to be performed over the next 12 months. 22-Jan Purchased additional office supplies on account. 28-Jan Collected payments for amounts previously billed. 29-Jan Paid for utilities. 29-Jan Paid the bill for supplies purchased previously. 31-Jan Dividends were declared and paid. Amount 9,000 8,950 30,000 loan amt 12,500 paid cash 6,560 11,760 5,650 8,950 1,986 10,590 500 At the end of January, the following additional information is available to help determine what adjustments are needed: Amount Amount 6985 4680 31-Jan One month of interest has accrued on the note payable for the bank loan. 31-Jan Additional work for customers has been performed during the last week of January but not billed yet 31-Jan Supplies were counted at month end 31-Jan One month of the prepaid rent has been used up 31-Jan Depreciation expense needs to be recognized for the computer equipment and for the office furniture 31-Jan One month of the services for Stanley Inc. has been performed (see above). 31-Jan Salaries are paid every Friday (for a 5 day work week). January 31 was a Tuesday 295 comp equip 85 off furn 6,560 weekly CLOSING JOURNAL ENTRIES - ZKTZ Consulting Inc ACCOUNT DEBIT DATE CREDIT ZKTZ Consulting Inc Income Statement ZKTZ Consulting Inc Balance Sheet ZKTZ Consulting Inc Statement of Retained Earnings