Record January transactions in the General Journal and post to the General Ledger. Record adjusting entries for January in the General Journal and post to the General Ledger. Prepare the adjusted trial balance as of January 31.

Part 1
January Transactions
1-Jan	Performed car repair services and received cash at the time of sale, $4,990.
2-Jan	Paid for the car parts purchased on account last year, $1,170.
4-Jan	Paid wages and salaries for $3,190, part of which was accrued in December.
10-Jan	Paid the utility bill that was already accrued in December in utilities payable.
16-Jan	Collected cash from credit sales made last year, $3,050.
20-Jan	Purchased $4,000 of equipment, paid $2,000 cash and issued a note for $2,000.
22-Jan	Performed car repair services on account, $4,860.
27-Jan	Paid dividends to the company's owners, $400.
January Adjusting Entries
31-Jan	The estimated depreciation on building and equipment is $700.
31-Jan	One month of rent has expired, $1,000.
31-Jan	The annual interest rate is 4% on all notes and paid quarterly. It was last paid on Dec 31 of the prior year. Round to the nearest dollar.
31-Jan	The supplies remaining at the end of the month was $675.
31-Jan	Accrued wages and salaries worked in January that will be paid 2-4, $1,940.
31-Jan	The estimated income taxes for the month is $1,100.