ACC 104 Chapter 2 1. (85 Points) On January 1, 2021, Ruth Feathers created a new self-storage business, KeepSafe C following transactions occurred during the company's first month. Jan. 1. Feathers invested $25,000 cash and buildings worth $125,000 in the company in exchange common stock. Jan. 2. The company rented equipment by paying $2,000 cash for the first month's (Jan.'s) rent. Jan. 5. The company purchased $2,300 of office supplies for cash. Jan. 10. The company paid $5,400 cash for the premium on a 12-month insurance policy. Covera begins on Jan. 11 Jan. 14. The company paid an employee $900 cash for two weeks' salary earned. Jan. 24. The company collected $8,000 cash for storage fees earned from customers. Jan. 28. The company paid $900 cash for two weeks' salary earned by an employee. Jan. 29. The company paid $850 cash for minor repairs to a leaking roof. Jan. 30. The company paid $300 cash for this month's telephone bill. Jan. 31. The company paid $1,600 cash for dividends. The company's chart of accounts follows: 101 CASH 319 DIVIDENDS 106 ACCOUNTS RECEIVABLE 401 STORAGE FEES EARNED 124 OFFICE SUPPLIES 622 SALARIES EXPENSE 128 PREPAID INSURANCE 684 REPAIRS EXPENSE 173 BUILDINGS 688 TELEPHONE EXPENSE 307 COMMON STOCK 640 RENT EXPENSE REQUIRED: Using the following pages, 1. Prepare journal entries to record the transactions for January and post them to the ledger accou Record prepaid items in balance sheet accounts. SKIP EXPLANATIONS!! 2. Prepare an unadjusted trial balance a of la 31 2021