Prepare the journal entries and adjusting entries for January 2016 based on the transactions below:

AP3-9 (Journal entries and adjusting entries) porated in 2013 and imports fish tanks and related supplies for the salt water aquarium market. AwL primarily imports from Asian suppliers and is a wholesaler supplying independent retailers in Western Canada. During the month of January 2016, AWL had the following transactions: Regular entries: Jan. 1 In order to better service its growing business and manage its inventory more effectively, AWL purchased new computer equipment to run its inventory system for $145,000, paying cash. AwLs management determined that the new computer equipment would have a useful life of five years and have a residual value of $10,000. 1 L also entered into an agreement to lease a warehouse. This would allow the company to import larger shipments from its Asian suppliers and reduce the impact of the long times shipping In accordance with the lease terms, AWL $14,400, which represented the first s months' rent in advance. 13 A major hotel contacted AwL about supplying it with an 8-metre saltwater aquarium for the lobby. AwL agreed to this and received a $50,000 payment from the hotel. ordered the tank the same day and it was scheduled to arrive on February 25. AwL has guaranteed that it be installed before the end of February. 14 AwL paid its employees $9,000 for wages earned during the first two of January. 15 AwLs weeks board of directors declared dividends in the amount of $20,000, which will be paid on February 15 19 AWL made sales totalling $62,000. of this, half was cash and the balance was on account. The cost to AWL of the products sold was $36,000. Adjusting entries: Jan. 31 The company recorded the $9,000 in wages earned by employees during the last t wo weeks of the month. These wages will be paid on February 1, 2016 31 AwL recorded the adjusting entry to depreciate the new computer equipment. 31 AWL recorded the adjusting entry for the warehouse lease