Winter Company's balance sheet at December 31, 2018, is presented below WINTER COMPANY Balance Sheet December 31, 2018 Cash Accounts receivable Allowance for doubtful accounts Inventony S8,700 19,000 12,400 $12,800 Accounts payable 19,300 Common stock (900) Retained earnings 8,900 $40,100 $40,100 During January 2019, the following transactions occurred. Winter uses the perpetual inventory method Winter accepted a 4-month, 896 note from Merando Company in payment of Merando's $1,200 account. Winter wrote off as uncollectible the accounts of Inwood Corporation ($400) and Goza Company ($300) Jan. 1 3 8 Winter purchased $16,300 of inventory on account 11 Winter sold for $26,600 on account inventory that cost $19,200 15 winter sold inventory that cost800 to Mark Lauber for $900, Lauber charged this amount on his visa First Bank card. The service fee charged winter by First Bank is 3% 17 Winter collected $24,100 from customers on account. 21 Winter paid $13,900 on accounts payable 24 Winter received payment in full ($300) from Goza Company on the account written off on January 3 27 WInter purchased supples for $1,500 cash 31 Winter pald other operating expenses, $3,400 Adjustment data: 1. Interest is recorded for the month on the note from January 1 2, Bad debts are expected to be 6% of the January 31, 2019, accounts receivable 3. A count of supplies on January 31, 2019, reveals that $500 remains unused Adjustment data: 1 Interest is racorded for the month on the note from January 1 2. Bad debts are expected to be 6% of the January 31, 2019, accounts receivable. 3. A count of supplies on January 31, 2019, reveals that 5500 remains unused. Prepare journal entries for the transactions listed above. (Include entries for cost of goods sold using the perpetual sy Date Account Titles and Explanation 1,200 Raceivabla for Doubtful Accounts Receivable 16.300 Payabla 16,300 an. 11 s Receivable Sales Revenue 26,600 To record sales) t of Goods Sold 19.200 19,200 To racord cost of goods sold) Jan. 15 873 e Charge Expans Sales Revenue To record sales and service charges) t of Goods Sold To record cost of goods sold) 100 Receivable 100 Payable 13,900 13,900 Payable for Doubtful Accounts To raverse allowance for doubtful dabts) To racord cash recaived from Rios Company 1,500 ash 1,500 Jan. 31 Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not inc Debit Date Account Titles and Explanation Jan. 31 (1) Interest Receivable Interest Revenue (2) Bad Debts Expense for Doubtful Accounts 1,000 1,000 Prepare an adjusted trial balance at Jenuary 31, 2019, Prepare an adjusted trial balance at January 31, 2019 WINTER COMPANY Adjusted Trial Balance January 31, 2019 Debit Credit ccounts Receivable llowance for Doubtful Accounts otes Receivable Interest Receivable Supplies nventory ccounts Payable ommon Stock Retained Earnings Sales Revenue Interest Revenue Supplies Expense er Operating Expense ost of Goods Sold Bad Debts Expense ice Charge Expense Prepare an income statement for the month endinq January 31, 2019