Could you please help me journalize and ledger these transactions, I want to make sure I am on the right path.

here to search 604 Name Delete ACCT2401 Billy Bob's Daycare Project Bache pac Transactions for January 20XX 1 2 Use the following transactions to complete the first month of the Billy Bob's Daycare. Jan. Billy Bob Caroll organized the daycare as a corporation and invested his savings of $30,000 cash in the business in return for capital stock. 1 Signed a contract to lease a building for $2,100 per month. Billy paid the first six months in advance. 1 Paid cash for a one-year insurance policy $1,500 2 Paid cash for a help wanted advertisement, $150. Purchased supplies on account for $350. 2 Paid cash for playground equipment. The playground equipment cost $5,240 *See ledger for account title. 2 Paid cash of $200 to an attorney for legal fees to complete the process of setting up the corporation 2 Purchased furniture on account for $2.020. 5 Hired a helper at $11/hour. The stylist will start's work on January 6". 6 Received, but did not pay, a bill in the amount of $300 for additional legal services from the company's attorney. Durch 6 Purchased groceries on account for $350 (recorded as food expense). 14 Collected cash of $3,750 from parents for daycare provided from January 1" through January 14 19 Paid an employee cash of $880 for the first two weeks. 21 Collected cash of $500 in advance for daycare that will be provided in February. 25 Paid cash for a business dinner with the employee, $40. 28 Billy paid cash of $100 to local newspaper for an advertisement. 28 Paid a cleaning service to have the daycare professionally cleaned, $125. 28 Collected cash of $3,750 from parents for daycare provided from January 15h through January 28th 31 Paid cash of $175 to take the kids at the daycare on a field trip recorded as entertainment expense). 31 Paid Billy a salary of $2,500 for the month 31 Paid Billy a dividend of $100. ADJUSTMENT INFORMATION at January 31, 20XX 1. Assets have the following residual values and useful lives: Residual Value Furniture $400 Playground Equipment $200 Useful Life 5 10 Feb. 1 Billy Bob began selling T-shirts to the kids and parents. Billy pays cash for 50 T- shirts at an introductory cost of $5/each. The T-shirts are being held for resale. Billy uses the perpetual method and uses the FIFO method to account for inventory. 3 Purchased supplies on account for $300. 5 Paid the employee cash of $1,155. *Do not forget that a portion of the amount of $1,155 was already recorded as an expense at the end of January. 8 Paid a cleaning service to have the daycare professionally cleaned, $125. 9 Paid cash for the utility bill received at the end of January. 11 Provided the service for the daycare services owed from January 21st. Hint: Unearned daycare fees was recorded in January for services owed. Reduce the liability and increase revenues as service has been provided. 11 Collected cash of $535 from customers on account. 11 Collected cash of $3,900 from parents for daycare provided from February 1st through February 11th. 12 Sold 40 T-Shirts at a price of $10/each receiving cash. 13 Paid cash for a newspaper advertisement, $150. 14 Billy Bob had 30 more T-shirts made in exchange for cash. The cost of the T- shirts increased to $6/each. The T-shirts are to be held for resale. 15 Billy gives one of the T-shirts to his helper and keeps one T-shirt for himself. The T-shirts are considered cost of merchandise sold. 15 Purchased groceries on account for $550 (recorded as food expense). 16 Sold 20 T-shirts at a price of $10/each receiving cash. 16 Billy Bob had 30 more T-shirts made in exchange for cash. The cost of the T- shirts increased to $7/each. The T-shirts are to be held for resale. 19 Paid the employees cash of $2,100 for last two weeks. 20 Paid a cleaning service to have the daycare professionally cleaned, $125. 25 Collected cash of $4,750 from parents for daycare provided from February 12th through February 25th. 25 Billy Bob paid cash of $3,000 of amount owed on account. 25 Sold 28 Billy Bob T-shirts at a price of $10/T-shirt receiving cash. 28 Daycare paid Billy a salary of $2,500. 28 Daycare paid Billy a dividend of $250