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om any oumal arves.) Requirements Non-Merchandising Transactions Jan. 2 Collected $3.700 on account Paid the wines and telephone bills from December (On December 20, the company received bills for the telephone (5310) and utilities (5290). At that time the company recorded a Telephone Payable Jan. 15 ability and at Payable liability, respectively) Paid the wages crued in December (Wages scored in December Jan. 15 amounted to $1.150 and was recorded as a Wages Payable ability) Jan, 15 Ranted cances and received cash. 52.100 Received bil fortes (5320) and telephone (5250) which will be Jan. 20 paidat Jan. 23 Pad various accounts payable, $1,400 Jan. 30 Padom. 1.200 1. Joumalize and post the January transactions. Omit explanations. Use the ledger provided for posting 2. Journize and post the adjusting entries for the month of January, Omit explanations Denote each adjustment as A. Compute each account balance and denote the balance as Bal. In addition, Tree Top Company provides this data: & A physical count of the inventory at the end of the month revealed the cost was $4,011 b. The company estimated sales retums wil be $120 with a cost of $60. c. Office supplies used. 560 d. The Uneamed Revenue has now been earned .. Interest expense accrued on the notes payable $30 Rent of one month has been used (On December 1, the company prepaid $3,000 for three months' rent on the warehouse where the company More the canoes On December 31, the company recorded one month's worth of rent expense for the month of December in the amount of $1.300) 9 Monthy depreciation on the building amounts to 5000 Monthy depreciation on the cances amounts to $270. 3. Prepare the month anded January 31, 2025, single step income statement of Tree Top Company Joumalize and post the closing entries. Omit explanations. Det each closing amount lo and each balance as w. After posting closing entries, prove the way of Gabits and credits in the edger by Brewing a post.closing balance & Compute the gross profil percentage for January for Tree Top Company Done Print Done Requirement 2 Joumalize and post the adjusting entries for the month of January. Omit explanations. Denote each adjustment as Begin by joumalizing the adjusting entries for the month of January. Omit explanations. (Record debits first, then credits. Exclude ex (a) A physical count of the Inventory at the end of the month revealed the cost was $4,011, Date Accounts Debit Credit Jan. 31 Adj (a) (b) The company estimated sales returns will be $120 with a cost of $60. Begin by preparing the entry to journalize the sales portion of the adjustment. Do not record the expense adjustment related to the inte Date Accounts Debit Credit Jan 31 Adj. (b) Now joumalize the expense adjustment related to the estimated sales returns. Date Accounts Debit Credit Van 31 Adj. ( (c) Office Supplies used. 560 (c) Office supplies used, $60. Date Accounts Debit Credit Jan. 31 Ad (0) (d) The Uneared Revenue has now been earned. (The Uneamed Revenue balance was initially recorded in December as part of Date Accounts Debit Credit Jan. 31 Adj. (d) (e) Interest expense accrued on the notes payable. $30. Date Accounts Debit Credit Jan 31 Ad (0) (1) Rent of one month has been used. (On December 1, the company prepaid $3,900 for three months' rent on the warehouse where Date Accounts Debit Credit Jan 31 Adi M on the warmhouse where the company stores the canon On December 31. the company recorded one month's worth of rent expense for the month of December in the amount of 51.300.) (Rent of one month has been used. (On December 1, the company prepaid $3,900 for three months' rent on the warehouse where the company ste Date Accounts Debit Credit Jan. 31 Adj. (e) Monthy depreciation on the building amounts to $600. Dato Accounts Debit Credit Uan, 31 Adi (9) ch) Month depreciation on the canoes amounts to $270. Date Accounts Dobit Credit Jan Adi Enter the unadjusted balance of each account by selecting a "Bal reference and entering the amount on first line and on the appropriate side of the Ta Ada" as the appropriate posting reference to post to the accounts Compute the adjusted balance of each account, and denote the balance as Ad. Cash Accounts Payable Sales Revenue om any oumal arves.) Requirements Non-Merchandising Transactions Jan. 2 Collected $3.700 on account Paid the wines and telephone bills from December (On December 20, the company received bills for the telephone (5310) and utilities (5290). At that time the company recorded a Telephone Payable Jan. 15 ability and at Payable liability, respectively) Paid the wages crued in December (Wages scored in December Jan. 15 amounted to $1.150 and was recorded as a Wages Payable ability) Jan, 15 Ranted cances and received cash. 52.100 Received bil fortes (5320) and telephone (5250) which will be Jan. 20 paidat Jan. 23 Pad various accounts payable, $1,400 Jan. 30 Padom. 1.200 1. Joumalize and post the January transactions. Omit explanations. Use the ledger provided for posting 2. Journize and post the adjusting entries for the month of January, Omit explanations Denote each adjustment as A. Compute each account balance and denote the balance as Bal. In addition, Tree Top Company provides this data: & A physical count of the inventory at the end of the month revealed the cost was $4,011 b. The company estimated sales retums wil be $120 with a cost of $60. c. Office supplies used. 560 d. The Uneamed Revenue has now been earned .. Interest expense accrued on the notes payable $30 Rent of one month has been used (On December 1, the company prepaid $3,000 for three months' rent on the warehouse where the company More the canoes On December 31, the company recorded one month's worth of rent expense for the month of December in the amount of $1.300) 9 Monthy depreciation on the building amounts to 5000 Monthy depreciation on the cances amounts to $270. 3. Prepare the month anded January 31, 2025, single step income statement of Tree Top Company Joumalize and post the closing entries. Omit explanations. Det each closing amount lo and each balance as w. After posting closing entries, prove the way of Gabits and credits in the edger by Brewing a post.closing balance & Compute the gross profil percentage for January for Tree Top Company Done Print Done Requirement 2 Joumalize and post the adjusting entries for the month of January. Omit explanations. Denote each adjustment as Begin by joumalizing the adjusting entries for the month of January. Omit explanations. (Record debits first, then credits. Exclude ex (a) A physical count of the Inventory at the end of the month revealed the cost was $4,011, Date Accounts Debit Credit Jan. 31 Adj (a) (b) The company estimated sales returns will be $120 with a cost of $60. Begin by preparing the entry to journalize the sales portion of the adjustment. Do not record the expense adjustment related to the inte Date Accounts Debit Credit Jan 31 Adj. (b) Now joumalize the expense adjustment related to the estimated sales returns. Date Accounts Debit Credit Van 31 Adj. ( (c) Office Supplies used. 560 (c) Office supplies used, $60. Date Accounts Debit Credit Jan. 31 Ad (0) (d) The Uneared Revenue has now been earned. (The Uneamed Revenue balance was initially recorded in December as part of Date Accounts Debit Credit Jan. 31 Adj. (d) (e) Interest expense accrued on the notes payable. $30. Date Accounts Debit Credit Jan 31 Ad (0) (1) Rent of one month has been used. (On December 1, the company prepaid $3,900 for three months' rent on the warehouse where Date Accounts Debit Credit Jan 31 Adi M on the warmhouse where the company stores the canon On December 31. the company recorded one month's worth of rent expense for the month of December in the amount of 51.300.) (Rent of one month has been used. (On December 1, the company prepaid $3,900 for three months' rent on the warehouse where the company ste Date Accounts Debit Credit Jan. 31 Adj. (e) Monthy depreciation on the building amounts to $600. Dato Accounts Debit Credit Uan, 31 Adi (9) ch) Month depreciation on the canoes amounts to $270. Date Accounts Dobit Credit Jan Adi Enter the unadjusted balance of each account by selecting a "Bal reference and entering the amount on first line and on the appropriate side of the Ta Ada" as the appropriate posting reference to post to the accounts Compute the adjusted balance of each account, and denote the balance as Ad. Cash Accounts Payable Sales Revenue

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