Tom any journal entries.) Requirements Non-Merchandising Transactions Jan. 2 Collected $3.700 on account. Paid the utilities and telephone bills from December (On December 20. the company received bills for the telephone (5310) and tistes (5290). At that time the company recorded a Telephone Payable Jan. 15 liability and a Ubilities Payable ability, respectively) Paid the wages accrued in December (Wages nocned in December Jan. 15 Amounted to $1,150 and was recorded as a Wages Payable liability) Jan. 18 Rented cances and received cash, $2,100 Received bills for utilities ($320) and telephone (5260) which will be Jan. 20 paid later Jan. 23 Paid various accounts payable, 51,400 Jan 30 Paid employee $1,200 1. Joumalize and post the January transactions. Omit explanations. Use the fedger provided for posting 2 Joumalize and post the adjusting entries for the month of January. Omit explanations Denote each adjustment as Ad Compute each account balance, and denote the balance as Bal. In addition, Tree Top Company provides this data a. A physical count of the inventory at the end of the month revealed the cost was $4,011 b. The company estimated sales returns will be $120 with a cost of $60. c. Office supplies used, $60 d. The Uneamed Revenue has now been earned e. Interest expense accrued on the notes payable. $30. Rent of one month has been used. (On December 1, the company prepaid $3.000 for three months rent on the warehouse where the company stores the cances. On December 31, the company recorded one month's worth ofront expenso for the month of December in the amount of $1,300.) 9 Monthy depreciation on the building amounts to $600. h. Monthy depreciation on the cances amounts to $270 3. Prepare the month ended January 31, 2025, single step income statement of Tree Top Company 4. Joumature and post the closing entries. Omit explanations Donate each closing amount as Clo, and each balance as a Alter posting all closing entries, prove the equality of debits and credits in the ledger by preparing a post-closing trial balance 5. Compute the gross profit percentage for January for Tree Top Company Print Done Print Done Tree Top Company is bound company that renta cards for use on loan ikan anda. Al the beginning of the new year, Trom Tahirts with lo lopo printed on them. The Top Company as the perpen wory system to account for the inventory During anar merchandising tadion, and posted the merchandising transactions to the downcconio The opening balance of each account that were determined after recording the January marchandising transactions have been entend duce the affect the same account post to the account in the same order as you prepared the journal entries above. For any accounts with Review the oumal entries you prepared above. Cash Accounts Payable Sales Ravenue Bal 3,937 2,960 Bal. 8.255 Bal. Accounts Receivable 6,700 Bal Utilities Payable 290 Bal Canoe Rental Revenue 0 B Merchandise Inventory 4061 Telephone Payable 310 Bal Bal Cost of Goods Sold 5,217 Bar Estimated Ralums Inventory Wages Payable 1.150 Bal Rent Expense Bal Office Supplies Refunds Payable Wages Expense 400 Dha Prepaid Rent Interest Payable Us Expense Choose from any into enter any number in the inputtelds and then continue to the next question The Top Company lica besed opery trataron for o boalan Althe beginning of the new year, Tree Top Tahit with a logo printed on the Tree Top Campery the perpentry for the entry. During January 2009 marchandising transactions, and posted the merchandising tadions to the con Prepaid Rent 2.600 Interest Payable 30 Bal Us Expanse Bal Bal. Land 65,000 Bal Unearned Revenus 300 Bal. Telephone Expense 0 Bal. Building 52,000 Supplies Expense Ball Notes Payable 9,600 Bal Bal Accumulated Depe-Building 600 Bal Depreciation Expense Building Bal Canoes Depreciation Expense-Cancer Walker, Capital 134040 Bal Bar 12.960 Bal 0 Income Summary Interest Expense Accumulated Depr Canoes 340 B 0 Bat Bal Requirement 2. Journalize and post the agusting entries for the month of January Onit explanations Deote schadustments A. Compu Begin by journalizing the dusting entries for the month of January, Omit explanations (econd bistrot, thered Exclude plations (a) A physical count of the inventory at the end of the month revealed the cost was S4011 Choose from any list or enter any number in the input ids and then continue to the next question Tom any journal entries.) Requirements Non-Merchandising Transactions Jan. 2 Collected $3.700 on account. Paid the utilities and telephone bills from December (On December 20. the company received bills for the telephone (5310) and tistes (5290). At that time the company recorded a Telephone Payable Jan. 15 liability and a Ubilities Payable ability, respectively) Paid the wages accrued in December (Wages nocned in December Jan. 15 Amounted to $1,150 and was recorded as a Wages Payable liability) Jan. 18 Rented cances and received cash, $2,100 Received bills for utilities ($320) and telephone (5260) which will be Jan. 20 paid later Jan. 23 Paid various accounts payable, 51,400 Jan 30 Paid employee $1,200 1. Joumalize and post the January transactions. Omit explanations. Use the fedger provided for posting 2 Joumalize and post the adjusting entries for the month of January. Omit explanations Denote each adjustment as Ad Compute each account balance, and denote the balance as Bal. In addition, Tree Top Company provides this data a. A physical count of the inventory at the end of the month revealed the cost was $4,011 b. The company estimated sales returns will be $120 with a cost of $60. c. Office supplies used, $60 d. The Uneamed Revenue has now been earned e. Interest expense accrued on the notes payable. $30. Rent of one month has been used. (On December 1, the company prepaid $3.000 for three months rent on the warehouse where the company stores the cances. On December 31, the company recorded one month's worth ofront expenso for the month of December in the amount of $1,300.) 9 Monthy depreciation on the building amounts to $600. h. Monthy depreciation on the cances amounts to $270 3. Prepare the month ended January 31, 2025, single step income statement of Tree Top Company 4. Joumature and post the closing entries. Omit explanations Donate each closing amount as Clo, and each balance as a Alter posting all closing entries, prove the equality of debits and credits in the ledger by preparing a post-closing trial balance 5. Compute the gross profit percentage for January for Tree Top Company Print Done Print Done Tree Top Company is bound company that renta cards for use on loan ikan anda. Al the beginning of the new year, Trom Tahirts with lo lopo printed on them. The Top Company as the perpen wory system to account for the inventory During anar merchandising tadion, and posted the merchandising transactions to the downcconio The opening balance of each account that were determined after recording the January marchandising transactions have been entend duce the affect the same account post to the account in the same order as you prepared the journal entries above. For any accounts with Review the oumal entries you prepared above. Cash Accounts Payable Sales Ravenue Bal 3,937 2,960 Bal. 8.255 Bal. Accounts Receivable 6,700 Bal Utilities Payable 290 Bal Canoe Rental Revenue 0 B Merchandise Inventory 4061 Telephone Payable 310 Bal Bal Cost of Goods Sold 5,217 Bar Estimated Ralums Inventory Wages Payable 1.150 Bal Rent Expense Bal Office Supplies Refunds Payable Wages Expense 400 Dha Prepaid Rent Interest Payable Us Expense Choose from any into enter any number in the inputtelds and then continue to the next question The Top Company lica besed opery trataron for o boalan Althe beginning of the new year, Tree Top Tahit with a logo printed on the Tree Top Campery the perpentry for the entry. During January 2009 marchandising transactions, and posted the merchandising tadions to the con Prepaid Rent 2.600 Interest Payable 30 Bal Us Expanse Bal Bal. Land 65,000 Bal Unearned Revenus 300 Bal. Telephone Expense 0 Bal. Building 52,000 Supplies Expense Ball Notes Payable 9,600 Bal Bal Accumulated Depe-Building 600 Bal Depreciation Expense Building Bal Canoes Depreciation Expense-Cancer Walker, Capital 134040 Bal Bar 12.960 Bal 0 Income Summary Interest Expense Accumulated Depr Canoes 340 B 0 Bat Bal Requirement 2. Journalize and post the agusting entries for the month of January Onit explanations Deote schadustments A. Compu Begin by journalizing the dusting entries for the month of January, Omit explanations (econd bistrot, thered Exclude plations (a) A physical count of the inventory at the end of the month revealed the cost was S4011 Choose from any list or enter any number in the input ids and then continue to the next