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Chukanut Company completed the following transactions during Year 1. Chukanut's fiscal year ends on December...

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Accounting

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Chukanut Company completed the following transactions during Year 1. Chukanut's fiscal year ends on December 31. January 20 Paid cash for office supplies (held as office supplies inventory). The invoice amount was $18,208. Aprit 1 8orrowed $464,e60 from Royal Bank for general use; 5igned an 12-month, 4s annual interest-bearing note for the money. June 18 Received a $17,900 customer deposit for services to be performed in the future. Juty 22 Performed $6,840 of the services paid for on June 18. December 17 Received utility bill for $9,050. Chukanut plans to pay the bill in early February. Decesber 31 Deternined wages of $12,600 were earned but not yet paid on December 31 (disregard payroll taxes). Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31. Assume that $10,600 of the office supplies purchased were used and expensed during the year. Complete this question by entering your answers in the tabs below. Prepare joumal entries for each of these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Adjusting entries will be recorded in Part 2

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