QUESTION 1 12 POINTS 30 MINUTES

At the beginning of January 20X0, Jocelyn Poirier founded Carx to operate a chauffeur service in the multi-level parking lot of a downtown building. Carx regularizes its books at the end of each month. The trial balance established on January 31, 20X0 is as follows:

Carx Verification scale As of January 31, 2010 Cash 11,330 Prepaid insurance 12,600 Office supplies 400 Computer hardware 10,600 Note payable 9,000 Products received in advance 14,740 Share capital 12,500 Products won 18,750 Electricity and heating 890 Rent 12,000 Salaries 4,820 Other informations 1. The insurance policy paid on January 2 covers a period of 6 months (January 1 to June 30). 2. The cost of unused office supplies as of January 31st is $ 150. 3. The note payable was contracted on January 1. It is repayable in 1 year and bears interest at the annual rate of 6%. 4. Amortization of computer equipment for the month of January is $ 1,000. 5. Cash received in advance from customers includes revenue of $ 3,210 earned in January. 6. Salaries payable not yet recorded as of January 31, 20X0 are $ 1,240. Work to do : Make the required paperwork to regularize Carx's books on January 31, 20X0. Show all your calculations.