The trial balance for Shoe Doggs as on December 31, 2019 is as follows: Shoe Dones Credit Post-Closing trial balance December 31, 2019 Account Debit Cash $1,180 Accounts receivable 875 Supplies 350 Prepaid insurance 1,210 Equipment 1,200 Accumulated Depreciation- equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Interest Payable Notes Payable Common Stock Retained Earnings $4,815 $40 75 56 300 15 2,000 800 1529 $4,815 In the end, Liam decides to use the perpetual inventory system. The following transactions happen during the month of January. Jan. 4 Bought five pairs on account from Kzinski Supply Co. for $1,350, FOB shipping point, terms n/30. 7 Returned one pair of shoes to Kzinski because it was damaged during shipping, Kzinski issues Shoe Doggs credit for the cost of the shoes. 8 Collected $375 of the accounts receivable from December 2019, 12 Three pairs are sold on account for $900, FOB destination, terms n/30. 14 Bought four more pairs on account from Kzinski Supply Co. for $1,120, FOB shipping point, terms n/30. 17 Liam is concerned that there is not enough cash available to pay for all of the Shoes purchased. He invests an additional $1,000 cash in Shoe Doggs in exchange for common stock 20 Sold two Pairs for $650 cash 28 Collected the amounts due from customers for the January 12 transaction 31 Paid Kzinski all amounts due. 12. Prepare the January 2020 journal entries. 13. What is the cash balance at the end of January 2020