Please answer each question and show work and provide explanations. Thank you so much. (this is all the information that was provided to us. Professor said we can make tables to provide answers).

Part 1:

1. Prepare the journal entries for each set of transaction data below.

2. Post the transactions in the ledger.

3. Extract the unadjusted trial balance as of January 31 of this current year.

Part 2:

For this section, prepare the following adjusted journal entries.

1. Record depreciation of $1,000 for equipment.

2. Accrue unpaid wages of $715.

3. Accrue unpaid utilities of $420.

Part 3:

1. Prepare an Adjusted Trial Balance as of January 31 of this year.

Submit your completed assessment before the end of Week 5.

Transaction data

Jonathan Swiss owns the Sports Watch Repairs Store. He provides the transactions

relating to the month of January this year.

January 2 Invested $10,000 cash as well as providing watch repair equipment with

a valuation of $4,800 (Hint: Treat watch repair equipment as part of

capital.)

January 4 Paid first month's rent of $900 cash