Today is 31 January 2012. For this question, the post the following existing balances to the Ledger Accounts of Training Inc. #29 as of 1 January 2012: Account Unearned Income Balance $31000 Prepaid Rent $47000 Prepaid Insurance $8900 Office Supplies $5950 Accounts Receivable $8600 Debtor Adam Loser $1030 Capital $46500 GST Payable $370 I Note: The Prepaid Rent and Prepaid Insurance were both paid on 31 December 2011 to cover 1 January 2012 through 31 December 2012. During the month: Tasks: . Lessons were provided earning 55% of the unearned income. It was determined that Adam Loser was never going to pay his debt. $858 of office supplies were used. It was estimated that the telephone bill for the month would be $416. Employees earned wages of $5462 which will not be paid until next month. Record the necessary transactions in the General Journal, Post the transactions to the Ledgers, Calculate the Profit or Loss. Transfer the Profit or Loss to the Capital Account, Record the necessary reversing transactions in the General Journal, and Post the reversing transactions to the Ledgers