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3. Prepare an unadjusted trial balance as of 1/31/2017 on the worksheet 4. Use the following information to journalize and post adjusting entries for the month: a. One month's insurance coverage has expired (round to nearest dollar). b. There are $2,600 of office supplies available at the end of the month. e. Depreciation on the computer equipment is $3,500. d. The employees earned $3,500 of unpaid and unrecorded wages. e. The company earned $500,000 of fees for services provided in January that have not yet beern billed. f. Record monthly interest on bank loan of $3,750, which will not be paid until June 2017. 5. Post your adjusting entries on the worksheet and to the General Ledger. Verify that the account balances in the general ledger after jourmalizing and posting the adjusting entries match the amounts in the adjusted trial balance on the worksheet. Use journal page 3 for the adjusting entries. 6. Prepare the income statement and statement of owner's equity for January. 7. Prepare a CLASSIFIED balance sheet at 1/31/2017. See your text for proper format. 8. Prepare journal entries to close the temporary accounts and then post these entries to the ledger. Use journal page 4 for the closing entries. 9. Prepare a post-closing trial balance. Be sure to prepare this from the account balances from the general ledger and not from the worksheet or the balance sheet. I will be checking. 10. Complete the Key Results worksheet. Make sure to fill in all answers using information from your workpapers. Make sure to turn in the project with the pages in proper order. This project must be NEAT and all entries and statements in proper format. Do NOT complete the project in pen - use a pencil or complete it electronically. I will not accept scribbled out entries and messy reports. While I encourage you to work with your study group, each student must submit their own individual project. There will be no deadline extensions, so please plan accordingly. This project will require a substantial time commitment

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