Write out the necessary journal entries for the following:

On December 31, 2020, the end of its most recent fiscal year, Wolfpack Consultants post-closing trial balance was as follows:

		Debit		Credit
Cash		$6,280
Accounts receivable		1,440
Supplies		830
Accounts payable				$480
Unearned service revenue				1,340
Common stock				4,300
Retained earnings				2,430
		$8,550		$8,550

Wolfpack Consultants underwent a major expansion in January 2021. They hired new staff and obtained more financing. Wolfpack had the following transactions in January:

Jan	3		Purchased equipment, paying $2,500 cash, and signing a 2-year note payable for $24,000. The equipment has a 4-year useful life. The note has a 4% interest rate which is payable on the first day of each following month.
	3		Issued 24,000 shares of common stock for $72,000 cash.
	4		Paid $3,600 cash for a 12-month insurance policy effective January 1.
	5		Paid for the first two months rent (January and February 2021) of leased office space at $4,800 per month.
	6		Paid $3,200 for supplies.
	9		Visited client offices and agreed on the terms of a consulting project. Wolfpack will bill the client, Ideal Productions, on the 20th of each month for services performed.
	11		Collected $1,440 cash on account from Xavier Brothers. Wolfpack billed this client in December when Wolfpack performed the service.
	13		Performed services for Gonzaga Enterprises. This client paid $1,340 in advance last month. All services relating to this payment are now completed.
	14		Paid $480 cash for a utility bill, the amount for which had been accrued at the end of December. In other words, this is Decembers utility bill.
	15		Met with a new client, Canisius Corp. Received $12,500 cash in advance for future services to be performed over the next two months.
	15		Paid semi-monthly salaries for $13,200. Salaries are paid on the 15th and last day of the month.
	20		Performed services worth $35,000 on account and billed customers.
	23		Performed the first phase of the project for Canisius Corp. Recognized $10,000 of revenue from the cash advance received January 15.
	27		Received $18,000 cash from customers billed on January 20.
	29		Received a bill for $1,900 for advertising services received during January. The amount is not due until February 15.
	29		Paid $13,200 semi-monthly salaries, since Jan 30 falls on a Sunday.

The journal looks like this.

(skip lines in between entries)

Date	Account Titles	DR	CR