The Stephanowicz Company's January 1 account balances are:

During January, the following transactions were completed:
(a) Materials purchased on account cost $92,000.
(b) Miscellaneous factory overhead incurred on account was $26,530.
(c) Labor, accumulated and distributed using a payroll account, was consumed as follows: for direct production, $60,500; indirect labor, $12,500; sales salaries, $8,000; administrative salaries, $5,000. The total accrued payroll, including the January 1 balance, was then paid.
(d) Materials were consumed as follows: direct materials, $82,500; indirect materials, $8,300.
(e) Factory overhead charged to production was $47,330.
(f) Work finished and placed in stock cost $188,000.
(g) All but $12,000 of the finished goods were sold, terms 2/10, n/60. The markup was 30% above production cost. The sale and the receivable are recorded in the gross amount.
(h) Of the total accounts receivable, 80% was collected, less 2% discount. (Round to the nearest dollar.)
(i) A liability was recorded for various marketing and administrative expenses totaling $30,000. Of this amount, 60% was marketing and 40% was administrative.
(j) The check register showed payments of $104,000 for liabilities other than payrolls.
Required:
(1) Prepare T accounts with January 1 balances.
(2) Prepare journal entries and post January transactions into the ledger accounts. Open new accounts as needed.
(3) Prepare a trial balance as of January 31.

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Debit Credit Cash.... Accounts Receivable.. .$20,000 Accounts Payable....$15,500 2,250 10,000 60,000 21,250 25,000 Accrued Payrol 9,500 Accumulated Depreciation... 4,500 Work in Process... Materials . Machinery... 10,000 Retained Earnings 40,000