$1/1/22$

$$The Supplies account is $

$140\mathrm{.}00$

$$

$$

$1/3/22$

$$A loan is taken out for $

$22$

$,$

$000\mathrm{.}00$

$$at

$7\mathrm{.}2$

$\%$

$$for

$48$

$$months to purchase a truck that weighs

$7$

$,$

$800$

$$lbs

$.$

$$

$$Use the new tax laws for depreciation on vehicles and use the maximum

$$amount of depreciation allowed for the first year

$$

$1/4/22$

$$A six

$-$

month vehicle insurance policy for $

$341\mathrm{.}10$

$$is purchased using the company credit card

$$

$1/7/22$

$$Supplies are purchased for $

$254\mathrm{.}87$

$$using the company credit card

$$

$1/15/22$

$$Supplies are purchased for $

$381\mathrm{.}10$

$$using the company credit card

$$

$1/21/22$

$$The loan payment is paid using the company credit card

$$

$1/31/22$

$$The Supplies account is $

$301\mathrm{.}00$

; credit card interest is figured on the end of the month

$$balance at an annual interest rate of

$9\mathrm{.}99$

$\%$

$$

$$

$2/5/22$

$$A computer server is purchased for $

$3$

$,$

$654\mathrm{.}22$

$$using the company credit card

$$Use

$150$

$\%$

$$MACRS

$$

$2/12/22$

$$A

$36$

$-$

month liability insurance policy for $

$1$

$,$

$476\mathrm{.}36$

$$is purchased;

$30$

$\%$

$$of the total amount

$$is paid now using the company credit card

$$

$2/14/22$

$$$

$4$

$,$

$000\mathrm{.}00$

$$is paid towards the amount owed on the company credit card

$$

$2/21/22$

$$Supplies are purchased for $

$111\mathrm{.}14$

$$using the company credit card

$$

$2/24/22$

$$The loan payment is paid using the company credit card

$$

$2/28/22$

$$The Supplies account is $

$72\mathrm{.}00$

$$

$$

Based on the above transactions, create only the necessary adjusting entries for

$1/31/2022$

$$and

$2/28/2022$

$$

$($

check figure: total of the debits for

$1/31/2022$

$$adjusting entries

$=$

$7$

$,$

$096\mathrm{.}57)$

$$

$($

check figure: total of the debits for

$2/28/2022$

$$adjusting entries

$=$

$2$

$,$

$136\mathrm{.}32)$