1) prepare journal entries

2) post to general ledger

3) prepare trial balance

Durmstrang Inc. started its business on January 1 and has the below unadjusted trial balance at January 31, 2021. Durmstrang Inc. Unadjusted Trial Balance January 31, 2021 No. Account 101 Cash 102 Accounts receivable 103 Prepaid Insurance 110 Supplies 121 Equipment 201 Accounts payable 205 Unearned revenue 301 Common stock 305 Retained earnings 308 Dividends 401 Service revenue 601 Rent expense 602 Utilities expense 603 Salaries and wages expense Dr. Cr. $ 68,400 3,000 1,200 538 8,750 $ 1,030 6,500 49,208 22,000 1,500 53,000 12,000 1,350 35,000 $ 131,738 $ 131,738 Additional accounts include Accumulated Depreciation (125), Supplies expense (604), Insurance expense (605), and Depreciation expense (606). At the end of the month, an analysis of the accounts shows the following: 1.) A count of supplies shows that $200 remains at January 31. 2.) The insurance policy was purchased on January 1st and covers 12 months. 3.) The equipment depreciates at $105 per month. 4.) One-half of the unearned revenue has now been earned in the month. 5.) The company received the January utility bill for $150. They will pay the bill next month. 6.) The company had completed $12,600 of work in the month but had not yet billed the clients for this work. Requirement 1: Prepare any adjusting journal entries needed at January 31, 2021 for the company. General journal paper is provided on the next page for your convenience