Adjusting Entries:
The following information is available when preparing adjusting entries at month-end:
1.	One month's insurance has been used. The policy was purchased
	in December 2020 for the annual period of 2021.
2.	An inventory on January 31 showed baking supplies remaining were valued at:							$ 350
3.	Equipment is depreciated at a monthly rate of:							140
4.	Unearned revenue was earned in the amount of							520
5.	One month's Interest must be accrued on the loan (note payable).
	The loan was taken out December 1, 2020 and is due January 1, 2022.
	The (annual) interest rate is:							6%

January Transactions:								Amount
January 5	Natalie teaches a class and collects cash.							$ 175
January 8	Natalie teaches a group of elementary school students how to make							250
	cookies. At the end of the class, she leaves an invoice with the principal.
January 10	Receives cash in advance for cooking classes booked in February.							675
January 15	Paid cash to suppliers for amounts due.							600
January 28	Additional revenue earned during the month for cookie-making classes							3,000
	amounts to $3,500; $3,000 received in cash and $500 still outstanding.							500
January 29	Purchased baking supplies with cash.							1,250
January 31	Paid assistant's monthly salary.							800
January 31	Natalie withdrew cash.							500
January 31	Receives payment for the amount due from the school for the class							250
	given January 8.
January 31	Pays cell phone bill for January service. Natalie uses the cell phone							50
	exclusively for her business.

prepare the adjusting journal entries at the end of January,