1. Record the necessary adjusting journal entries

2. Post the Journal entries to the T-accounts

3. Create an adjusted trial balance

4. Create an income statement, statement of retained earnings and a balance sheet with the information below:

1.Supplies used in January is $350.

2. Rent expense for the month is $2,000.

3. Insurance expense for the month is $1,000.

4. Depreciation expense for the month is $500.

5. Interest expense for the month is $150 and will not be paid until February 15.

6. Salaries totaling $2,000 have been earned but not paid to employees.

7. The company has earned $1,000 of the Unearned Revenues.

Unadjusted Trial Balance