the last five journal entries on January 31 are based on the business using up those assets - prepaid rent prepaid advertising the utility bill that we know about, but that has not been paid depreciation for the furniture and fixtures depreciation for the hair equipment look over the journal entries and then post the amounts to each of the accounts get the balance in each account and enter that information onto the adjusted trial balance in the excel files to make sure your debits equal the credits then you can prepare the three financial statements in the excel file

GENERAL JOURNAL	Page 1
Date	Accounts		Debits	Credits
Jan. 1	Cash		35,000
	Capital Stock			25,000
	Bank Loan Payable			10,000
	To record stock issue and bank loan proceeds
Jan. 1	Furniture and Fixtures		12,000
	Hair Equipment		4,800
	Accounts Payable			16,800
	To record purchase of furniture, fixtures, and equipment
Jan. 1	Prepaid Rent		2,000
	Cash			2,000
	To record lease prepayment
Jan. 5	Advertising Expense		175
	Cash			175
	To record expenses related to grand opening
Jan. 8	Cash		1,280
	Revenues			1,280
	To record customer payments
Jan. 9	Accounts Payable		16,800
	Cash			16,800
	To record payment of invoice, #865
Jan. 15	Cash		2,255
	Revenues			2,255
	To record customer payments
Jan. 15	Utilities Expense		25
	Cash			25
	To record phone bill payment
Jan. 15	Salary Expense		1,100
	Cash			1,100
	To record payment of salary
Jan. 20	Prepaid Advertising		2,250
	Cash			2,250
	To record payment of advertising program

GENERAL JOURNAL	Page 2
Date	Accounts		Debits	Credits
Jan. 22	Cash		1,865
	Revenues			1,865
	To record customer payments
Jan. 31	Cash		1,735
	Revenues			1,735
	To record customer payments
Jan. 31	Dividends		500
	Cash			500
	To record dividend payment
Jan. 31	Salary Expense		1,100
	Cash			1,100
	To record payment of salary
Jan. 31	Interest Expense		100
	Cash			100
	To record interest expense
Jan. 31	Rent Expense		1,000
	Prepaid Rent			1,000
	To adjust Prepaid Rent account to reflect January activity
Jan. 31	Advertising Expense		750
	Prepaid Advertising			750
	To adjust prepaid advertising for January activity ($2,250/3 months)
Jan. 31	Utilities Expense		43
	Accounts Payable			43
	To record water bill for January usage
Jan. 31	Depreciation Expense: Furniture and Fixtures		100
	Accum. Depreciation: Furniture and Fix.			100
	To record depreciation of furniture and fixtures ($12,000 10 years ) X 1/12
Jan. 31	Depreciation Expense: Hair Equipment		200
	Accum. Depreciation: Hair Equipment			200
	To record depreciation of hair equipment ($4,800 2 years) X 1/12

Hairport Landing
Adjusted Trial Balance
January 2023
Account					Debits		Credits
Cash
Prepaid Rent
Prepaid Advertising
Furnitue and Fixtures
Accumulated Depreciation - Furniture and Fixtures
Hair Equipment
Accumulated Depreciation Hair Equipment
Accounts Payable
Bank Loan Payable
Capital Stock
Dividends
Revenues
Advertising Expense
Utilities Expense
Salary Expense
Rent Expense
Interest Expense
Depreciation Expense - Furniture and Fixtures
Depreciation Expense - Hair Equipment
Totals					0		0