Required: 1. Record the month's transactions in journal format 2. Post the transactions to T-accounts 3. Record the adjustments (adjusting entries) in journal format 4. Post the adjustments to T-accounts to determine the adjusted account balances 5. Prepare an Adjusted Trial Balance 6. Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet for January 7. Prepare closing entries in journal format and post to T-accounts 8. Prepare a Post-closing Trial Balance Trial Balance January 1, 2020 Account Cash Accounts Receivable Supplies Prepaid Rent Land Accounts Payable Salaries Payable Unearned Revenue Long-term Notes Payable Common Stock Retained Earnings Debit Credit $8,900 $1,500 $65 $800 $4,000 $1,050 $1,200 $200 $2,000 $8,000 $2,815 Total $15,265 $15,265 During January 2020, Lock-it Security Services experienced the following transactions: 1 Paid the salaries payable (from 2019) on January 7 2. Performed $3,200 of security services for two local events during the month: a. $2,100 was on account on January 8, and b. $1.100 was for cash on January 15 3. Purchased supplies on account on January 17 for $700 4. Incurred $100 for miscellaneous expenses (e.g., postage, gas, food) on account on January 22 5. On January 28, a customer prepaid $1,200 for security services to be provided at their event scheduled for March 1 6. Collected $1,900 of accounts receivable on January 28 7. Paid $1,800 for advertising on January 31: the advertising will run in February March, and April 8. Paid a cash dividend to the shareholders of $1,000 on January 31, The company also made several adjustments to their accounts on January 31, as follows: 1. There was $120 of supplies on hand at the end of the month 2. Recognized the expired rent for January, 5400 3. Accrued salaries of $1,000