Required information [The following information applies to the questions displayed below.] Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $19,670 Unearned Revenue (30 units) $ 4,100 Accounts Receivable $10,700 Accounts Payable (Jan Rent) $ 2,000 $(1,250) Notes Payable $ 13,500 Allowance for Doubtful Accounts Inventory (35 units) $ 5,700 $ 2,450 Contributed Capital Retained Earnings Feb 1, 2012 5,670 WWC, Inc. Statement of Retained Earnings Retained Earnings, Beginning of Period Retained Earnings, End of Period Required information [The following information applies to the questions displayed below.] Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: Cash $19,670 Unearned Revenue (30 units) $ 4,100 Accounts Receivable $10,700 Accounts Payable (Jan Rent) $ 2,000 $(1,250) Notes Payable $ 13,500 Allowance for Doubtful Accounts Inventory (35 units) $ 5,700 $ 2,450 Contributed Capital Retained Earnings Feb 1, 2012 5,670 WWC, Inc. Statement of Retained Earnings Retained Earnings, Beginning of Period Retained Earnings, End of Period