Entry # 1 2 4 Date Jan 2 Jan 4 Jan 6 | Jan 9 Jan 11 Jan 13 Jan 16 Jan 19 Jan 25 Jan 28 Description Paid January rent of $4,000. Performed $28,000 services on account. Paid $8,000 of current month salaries. Purchased supplies for $3,000 on account. (use Supplies asset account) Collected $16,000 from customers on account. Purchased equipment for $12,000 using a long-term note payable. Issued $7,500 of common stock. Paid $2,000 of dividends. Paid $2,500 of accounts payable. Paid $1,000 of long-term note. 6 7 8 9 10 a) There were $5,000 of services performed which were not yet invoiced to customers. b) 75% of the prepaid advertising has now been used. c) There are $5,000 of supplies still on hand. d) We need to depreciate $1,000 of Equipment. e) We never performed $3,000 of services that we recorded as revenue. This is different from textbook. You need to remove it from revenue and put it in unearned revenue. Home View Insert X HU Draw Page Layout Formulas Calibri (Body) 16 A A B IUE A fx GENERAL JOURNAL Data Review == = > Paste 2 Wrap Text ) Merge & Center * GENERAL JOURNAL Entry Description Posted Debit Credit 40 31-Jan Adic Opening Balances Jour OL Workshoot ine Smit SE Sint Bal Sheet