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[The following information applies to the questions displayed below] Fast Deliveries, Incorporated (FDI), was organized in. December last year and had limited activity last year.

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[The following information applies to the questions displayed below] Fast Deliveries, Incorporated (FDI), was organized in. December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: Two employees have been hired, at a monthly salary of $2,740 each. The following transactions occurred during January of the current yeor. Manuary Additional information for adjusting entries: 31a. A 51,0e9 bin arrives for January utility services. Payment is due February 15. 316. Supplies on hand on January 31 are counted and deterained to have cost \$250. 31c. As of January 31, FDI had conpleted 608 of the deliveries for the customer who paid in advance on Jancary 20. 31d. Accrue one month of interest on the bank loan. Yeariy interest is determined by multiplying the anount borrowed by the annual interest rate (expressed as .05 ). For convenience, calculate January interest as one-twelfth of the annual interest. 31e. Assune the van will be used for 4 years, after which it will have no value. Thus, each year, one-fourth of the van's benefits wil1 be used up, which implies annual depreciation equal to one-foarth of the van's total cost. Record depreciation for the month of January, equal to onethelfth of the annual depreciation expense. 31f. Salaries earned by enployees for the period fron Janiary 16 to 31 are 51,379 per enployee and will be paid on february 3. 3ag. Adjust the prepaid asset accounts (for rent and insurance) as needed. Required: 3. Prepare an unadjusted trial balance at January 31 . one-fourth of the van's total cost. Record depreciation for the nonth of January, twelfth of the annual depreciation expense. 31f. Salaries earned by enployees for the period from January 16 to 31 are $1,373 per 31g. Adjl be paid on February 3. Required: 3. Prepare an unadjusted trial balance at January 31. one-fourth of the van's benefits wi11 be used up, which inplies annual depreciation equal to one-fourth of the van's total cost. Record depreciation for the nonth of January, equal to onetwelfth of the annual depreciation expense. 31f. Salaries carned by employees for the period from January 16 to 31 are $1,370 per employee and will be paid on February 3. 31g. Adjust the prepaid asset accounts (for rent and insurance) as needed. Required: 4. Record all adjusting journal entries needed at January 31. Ignore income taxes. (Do not round intermediate calculat is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required: 5. Prepare an adjusted trial balance. (Do not round intermediate calculations.) Adjust the prepaid asset accounts (for rent and insurance) as needed. Required: 6-a. Prepare an income stotement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement

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