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

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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

ansaction 1-Jan Performed car repair services and received cash at the time of sale, $5,670 2-Jan Paid for the car parts purchased on account last year, $1,005 4-Jan Paid wages and salaries for $3,420, 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, $2,800 20-Jan Purchased $6,200 of equipment, paid $3,100 cash and issued a note for $3,100 22-Jan Performed car repair services on account, $3,810 27-Jan Paid dividends to the company's owners, $620 January Adjusting Entries 31-Jan The estimated depreciation on building and equipment is $920 31-Jan One month of rent has expired, $950 The annual interest rate is 6% on all notes and paid quarterly. It was last paid on 31-Jan Dec 31 of the prior year. Round to the nearest dollar 31-Jan The supplies remaining at the end of the month was $580 31-Jan Accrued wages and salaries worked in January that will be paid 2-4, $1,920 31-Jan The estimated income taxes for the month is $780 Post-Closing Trial Balance December 31, 2XX1 Debit Credit Cash Accounts receivable Supplies Prepaid rent Building Equipment Accumlated depreciation Accounts pavable Utilities payable Salaries and wages payable income tax pavable Notes payable Common stock Retained Earnin Total 5,350 2,970 910 950 81,000 122,000 41,085 6,595 820 2,740 7,845 35,400 90,000 213,180 213,180