[The following information applies to the questions displayed below.]

12.

On January 1, Year 1, the general ledger of a company includes the following account balances:

Accounts	Debit			Credit
Cash	$	43,500
Accounts Receivable		46,100
Supplies		8,300
Equipment		72,000
Accumulated Depreciation				$	9,800
Accounts Payable					15,400
Common Stock, $1 par value					18,000
Additional Paid-in Capital					88,000
Retained Earnings					38,700
Totals	$	169,900		$	169,900

During January Year 1, the following transactions occur:

January		2		Issue an additional 2,000 shares of $1 par value common stock for $40,000.
January		9		Provide services to customers on account, $16,800.
January		10		Purchase additional supplies on account, $5,700.
January		12		Purchase 1,100 shares of treasury stock for $21 per share.
January		15		Pay cash on accounts payable, $17,300.
January		21		Provide services to customers for cash, $49,900.
January		22		Receive cash on accounts receivable, $17,400.
January		29		Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: The company had 18,000 shares outstanding on January 1, Year 1, and dividends are not paid on treasury stock.)
January		30		Resell 900 shares of treasury stock for $23 per share.
January		31		Pay cash for salaries during January, $42,800.

1. Unpaid utilities for the month of January are $7,000.
2. Supplies at the end of January total $5,900..
3. Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $10,800..
4. Accrued income taxes at the end of January are $2,800.

1. Record the adjusting entries on January 31, Year 1 for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2 . Prepare an adjusted trial balance as of January 31, Year 1.