REQUIREMENT #2: Post the January journal entries to the following T-Accounts and compute ending balances.

List of transactions:

Question to answer: Using the above transactions: Post the January journal entries to the following T-Accounts and compute ending balances.

Other Considerations:

a) One month's insurance has expired. b) The remaining inventory of soda syrup is $200. c) The estimated depreciation on soda equipment is $120. d) The estimated income taxes are $65.

REQUIREMENT #2: Post the January journal entries to the following T-Accounts and compute ending balances.
Date	Cash (111)			Date	Soda Revenue (411)
January 1				January 11
January 1				January 20
January 1				January 31
January 3				Trial Balance
January 10				Adjusted TB
January 11				Closing Entry
January 18				Post Closing TB
January 20
January 31
January 31
January 31
Trial Balance
Adjusted TB
Post Closing TB
	Prepaid Insurance (117)				Store Rent Expense (511)
January 1				January 1
Trial Balance				Trial Balance
January 31				Adjusted TB
Adjusted TB				Closing Entry
Post Closing TB				Post Closing TB
	Soda Syrup (119)				Telephone Expense (512)
January 8				January 10
Trial Balance				Trial Balance
January 31				Adjusted TB
Adjusted TB				Closing Entry
Post Closing TB				Post Closing TB
	Aspartame Soda Equipment (144)				Insurance Expense (513)
January 3				January 31
Trial Balance				Adjusted TB
Adjusted TB				Closing Entry
Post Closing TB				Post Closing TB
	Accum. Depr.- Soda Equipment (145)				Soda Syrup Expense (514)
January 31				January 31
Adjusted TB				Adjusted TB
Post Closing TB				Closing Entry
				Post Closing TB
	Accounts Payable (212)				Depr. Exp.-Soda Equipment (515)
January 3				January 31
January 8				Adjusted TB
January 18				Closing Entry
Trial Balance				Post Closing TB
Adjusted TB
Post Closing TB
	Income Taxes Payable (213)				Income Taxes Expense (516)
January 31				January 31
Adjusted TB				Adjusted TB
Post Closing TB				Closing Entry
				Post Closing TB
	Common Stock (311)				Electric Expense (517)
January 1				January 31
Trial Balance				Trial Balance
Adjusted TB				Adjusted TB
Post Closing TB				Closing Entry
				Post Closing TB
	Retained Earnings (312)
Closing Entry
Closing Entry
Closing Entry
Post Closing TB
	Dividends (313)
January 31
Trial Balance
Closing Entry
Post Closing TB

January Transactions REQUIREMENT \# 1: Prepare journal entries to record the January transactions in the General Journal