Requirement Prepare adjusted entries to reflect (j) to (n)

Account balances taken from the General Ledger of Baby Care Company on Decmber 31, 2020, as follow: Account title Debit Credit Cash 29,000 Accounts receivable 60,000 Store supplies 57,600 Prepaid Insurance 24,000 Land 57,400 Note Payable 35,000 Accounts payable 41,000 Unearned consulting revenue 55,000 John, Capital 97,000 Total 228,000 228,000 During January 2021, the company completed the following transactions: a) On January 1, received $50,000 cash from the owner, Mrs. Marina Jenny, as an investment in the company. b) On January 2, A client pays a consulting fee of $36,000 for regular monthly service to be rendered by Day Care Company during next 9 months. c) On January 5, received $60,000 cash from customer who had purchased service on account. d) On January 10, purchased store supplies from Aeon Company for $1,200 on account. e) On January 15, purchased a new equipment from Siliver Owen of $192,000, the installation cost was $4,000; one-half of which was paid in cash. The balance is due within 45 days. It was estimated that the salvage value of the equipment would be $10,000. The equipment has a useful life of 5 years. Depreciation expense was computed by using Straight - line method. f) On January 18, Mrs. Marina Jenny withdrew $3,000 for her living expenses. g) On January 21, paid utility bills totaling $1,120. h) On January 23, paid $30,000 in wages earned in January 2021 by full - time employees. i) On January 25, completed a $250,000 consulting service for Sunny Company on account. On January 31, 2021, the company's accountant gathers the following information that is needed to adjust the accounts: j) Earned but unpaid employee's wages total $19,200 at January 31, 2021. The next payroll will be made on February 15, 2021. k) A count of the remaining supplies at January 31 show $1,600 of store supplies still on hand. 1) On January 1, 2020, the company purchased an insurance policy for 2 years and paid $48,000 in cash, the full insurance fee for 2020 and 2021. No entries have been made for expired insurance in January, 2021. m) The company completed a part of consulting service to the client who paid on January 2, but no entries have been made. n) No entries have been made for the expense from the use of equipment that was purchased on January 15