2. Madison River Pizza is a new restaurant that opened on January 1st. Some accounts had...

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2. Madison River Pizza is a new restaurant that opened on January 1st. Some accounts had a beginning balance. They are as follows: Common Stock $32,000; Building $20,000; Cash $20,000; Accounts Payable $8,000. Below are transactions that took place in January. Jan 3: Bought $400 worth of advertising in cash. Jan 5: Hired 3 new employees. They are making $600 a week and are paid every 2 weeks. Jan 5: Made sales of $1,800. Jan 7: Bought new registers for $1,000. They paid $100 cash and put the rest on account. Jan 8: Paid dividends of $200. Jan 12: Paid off $500 on the registers they purchased. Jan 17: Paid employees for their 2 weeks of work. Jan 31: Recorded $200 of depreciation on the equipment. Record the journal entries (16pts), post to T-Accounts (8pts), and create a trial balance (6pts) for January 31st. (28pts) Journal Entries 2. Madison River Pizza is a new restaurant that opened on January 1st. Some accounts had a beginning balance. They are as follows: Common Stock $32,000; Building $20,000; Cash $20,000; Accounts Payable $8,000. Below are transactions that took place in January. Jan 3: Bought $400 worth of advertising in cash. Jan 5: Hired 3 new employees. They are making $600 a week and are paid every 2 weeks. Jan 5: Made sales of $1,800. Jan 7: Bought new registers for $1,000. They paid $100 cash and put the rest on account. Jan 8: Paid dividends of $200. Jan 12: Paid off $500 on the registers they purchased. Jan 17: Paid employees for their 2 weeks of work. Jan 31: Recorded $200 of depreciation on the equipment. Record the journal entries (16pts), post to T-Accounts (8pts), and create a trial balance (6pts) for January 31st. (28pts) Journal Entries