Can someone help me answer steps a through h?

Extra information for steps a through h:

Mechanical Engineers, Inc. is a newly formed corporation, with a December 31 fiscal year end, which incorporated on January 1, 20X1 and uses the following Chart of Accounts: Chart of Accounts for Mechanical Engineers, Inc. Cash Accounts receivable Prepaid insurance Prepaid rent Office supplies Equipment Accumulated depreciation: equipment Land Accounts payable Dividends payable Interest payable Income tax payable Unearned client service revenue Notes payable Common stock Retained earnings Dividends Client service revenue Travel expense Office supplies expense Advertising expense Salary expense Utility expense Depreciation expense: equipment Interest expense Insurance expense Rent expense Income tax expense Income summary The company makes adjusting entries monthly and had the following after closing trial balance as of December 31, 20X1: Mechanical Engineers, Inc. After Closing Trial Balance December 31, 20X1 Debit Credit Cash 100,100 Accounts receivable 19,400 Prepaid insurance 2,400% Prepaid rent 25,000%* Office supplies 4,000 Equipment 100,000%%** Accumulated depreciation: equipment 1,000 Land 90,000 Accounts payable 1,500 Dividends payable 10,000 Interest payable 400 Income tax payable 16,000 Unearned client service revenue 18,000 Notes payable 80,000# Common stock 200,000## Retained earnings 14,000 Total 340,900 340,900 \"Prepaid professional liability insurance was purchased for $3,200 on December 1, 20X1, and provides insurance coverage from December 1, 20X1, through March 31, 20X2. \"Prepaid rent was paid on December 1, 20X1, in the amount of $30,000 for the six-month period December 1, 20X1, through May 31, 20X2. \"Equipment was purchased on December 1, 20X1, for $100,000 which is being depreciated monthly based on an estimated life of 8 years. The estimated salvage value of the equipment is $4,000 and straight line depreciation is used. # On December 1, 20X1, $80,000 was borrowed and recorded as a long-term note payable at an annual interest rate of 6%. Interest is due every three months, beginning February 28, 20X2. ## On December 1, 20X1, 20,000 shares of common stock were issued at $10 per share. Page 85 The following transactions occurred during January of 20X2: January 2: Shareholders bought 5,000 additional shares of Mechanical Engineers, Inc. common stock at $10 per share. January 2: Purchased land for $30,000, paying $10,000 down and signing a 6% (annual rate) note payable for the balance. The principal will be paid on January 2, 20X4. Interest will be paid monthly on the first of each month beginning February 1, 20X2 January 5: Purchased office supplies on account for $10,000. January 6: Paid utility bill for $1,500 previously accrued in December 20X1 as accounts payable. January 7: Paid travel expense of $1,900. January 9: Collected $47,000 for professional services performed for clients during the first week of January that had not been previously billed or accrued. January 10: Paid advertising expenses of $4,000. January 15: Paid semi-monthly salaries of $26,000 in cash. January 15: Paid dividends of $10,000 that had been declared on December 31, 20X1. January 16: Received payment in advance of $21,000 from clients for mechanical engineering services to be performed later in the January or in early February 20X2. January 24: Billed clients $24,000 for services performed during January (collection expected in early February 20X2) January 26: Collected $28,000 on account from clients. January 27: Collected $48,000 for professional services performed for clients during January that had not been previously billed or accrued. January 28: Paid advertising expenses of $6,000. January 29: Paid travel expense of $2,600. January 31: Paid semi-monthly salaries of $28,000 in cash. January 31: Received invoice for gas and electric utility service during January for $1,900 (which was not paid until February 8, 20X2).January 31: Declared dividends of S.60 per share payable to shareholders on February 15, 20X2. Note: As of January 31, 20X2, there were 25,000 shares of stock issued and outstanding (based on 20,000 shares issued in prior year plus 5,000 shares issued on January 2, 20X2). Requirements: a) Record the January 20X2 transactions just described in general journal form as follows: General Journal Date Account Name & Entry Explanation Debit Credit (Use only the accounts provided at the beginning of the problem in the chart of accounts of Mechanical Engineers, Inc.) b) Post the transactions recorded in part "a" in the general ledger which follows. General Ledger Cash Accounts receivable Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 100,100 100,100 12/31/X1 19,400 19,400 Bal. Bal. Prepaid insurance Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 2,400 2.400 Bal. Prepaid rent Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 25,000 25,000 Bal. Office supplies Equipment Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 12/31/X1 4,000 4,000 100,000 100,000 Bal. Bal. Accumulated depreciation: equipment Land Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 (1,000) 12/31/X1 1,000 90,000 90,000 Bal. Bal. Accounts payable Dividends payable Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 (1,500) 12/31/X1 1,500 10,000 10,000 Bal. Bal.Interest payable Income tax payable Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 400 (400) 12/31/X1 16,000 (16,000) Bal. Bal. Page 87 General Ledger (continued) Unearned client service revenue Notes payable Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 12/31/X1 18,000 (18,000) 80,000 (80,000) Bal. Bal. Common stock Retained earnings Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. 12/31/X1 12/31/X1 200,000 (200,000) 14,000 (14,000) Bal. Bal. Dividends Client service revenue Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. Travel expense Office supplies expense Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. Advertising expense Salary expense Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. Utility expense Depreciation expense: equipment Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal.Interest expense Insurance expense Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. Page 88 Rent expense Income tax expense Date Debit Credit Dr. (Cr.) Bal. Date Debit Credit Dr. (Cr.) Bal. Income summary Date Debit Credit Dr. (Cr.) Bal.c) Prepare an unadjusted trial balance as of January 31, 20X2. d) Prepare monthly adjusting journal entries for January 20X2 for the following items: _ . Prepaid professional liability insurance was purchased for $3,200 on December 1, 20X1, and provides insurance coverage from December 1, 20X1, through March 31, 20X2. 2. Prepaid rent was paid on December 1, 20X1, in the amount of S30,000 for the sixmonth period December 1, 20X1, through May 31, 20X2. 3. Equipment was purchased on December 1, 20X1, for S100,000 which is being depreciated monthly based on an estimated life of 8 years. The estimated salvage value of the equipment is $4,000 and straight line depreciation is used. 4. On December 1, 20X1, S80,000 was borrowed and recorded as a long-term note payable at an annual interest rate of 6%. Interest is due every three months, beginning February 28, 20X2. . On January 2, 20X2, S20,000 was borrowed and recorded as a long-term note payable at an annual rate of 6%. The principal will be paid on January 2, 20X4. Interest will be paid monthly on the first of each month beginning February 1, 20X2. 6. Recognized as client service revenue for client services performed during January S17,000 that had previously been recorded upon receipt in advance as unearned client service revenue. 7. A count showed S5,000 worth of office supplies on hand on January 31, 20X2. 8. Income tax expense is accrued for January 20X2 based on 40% of net income before taxes for January 20X2, not paid until a later month in 20X2. (Be sure to consider the effect of adjusting entries just made (1 through 7) on revenue and expense balances in determining net income before taxes. You may wish to complete part \"e\" of the problem below through adjusting entry #7 first in order to establish adjusted revenue and expense balances before calculation of income tax at 40%.) o Post the adjusting journal entries recorded in part \"d\" in the general ledger. (Use the general ledger accounts provided in part \"b\" of the problem for this purpose.) Prepare an adjusted trial balance at January 31, 20X2. Prepare an income statement and a statement of retained earnings for the month ended January 31, 20X2, and a statement of financial position as of January 31, 20X2. Based on the financial statements prepared in answer to part (g) above, calculate the following: 1) working capital, 2) current ratio, 3) acid test (quick) ratio, and 4) the debt ratio