Required information On January 1, Year 1, the general ledger of a company includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,700 7,100 5,000 69,000 $ 5,100 84,000 17,700 $ 106,800 $ 106,800 During Year 1, the following transactions occur: January 2 Purchase rental space for one year in advance, $11,700 ($975/month). January 9 Purchase additional supplies on account, $5,400. January 13 Provide services to customers on account, $27,400. January 17 Receive cash in advance from customers for services to be provided in the future, $5,600. . January 20 Pay cash for salaries, $13,400. January 22 Receive cash on accounts receivable, $26,000. January 29 Pay cash on accounts payable, $5,900. Rent for the month of January has expired. Supplies remaining at the end of January total $4,700. By the end of January, $4,625 of services has been provided to customers who paid in advance on January 17. Unpaid salaries at the end of January are $4,470. 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for rent. Rent for the month of January has expired. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal