Requirements $1.$ Journalize transactions and post to the general ledger. $2.$ Prepare a worksheet. $3.$ Prepare financial statements. $4.$ Journalize and post adjusting and closing entries and prepare a post$-$closing trial balance. We will use unusually small numbers to simplify calculation and emphasize the theory. $202$X Jan. $1$ Rolo Kern invested $$1,200$ cash and $$100$ of office equipment to open Rolo Co$.1$ Paid rent for $3$ months in advance, $$300,4$ Purchased office equipment on account, $$50.6$ Bought office supplies for cash, $$40.8$ Collected $$400$ for services rendered. $12$ Rolo paid his home electric bill from the company checkbook, $$20.14$ Provided $$100$ worth of services to clients who will not pay until next month. $16-$ Paid salaries, $$60.18$ Advertising bill received for $$70$ but will not be paid until next month. Adjustment Data on January $31$ A$.$ Supplies on hand, $$6.$ B$.$ Rent expired, $$100.$ C$.$ Depreciation, Office Equipment, $$20.$ D$.$ Salaries accrued, $$50.$