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Jan. 2 Completed a consulting engagement and received cash of $7.400. 2 Prepaid three months...

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Accounting

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Jan. 2 Completed a consulting engagement and received cash of $7.400. 2 Prepaid three months office rent, $5,400. 7 Purchased 100 units software inventory on account, $1,825. plus freight in, $75. 18 Sold 60 software units on account, $5,520. 19 Consulted with a client for a fee of $1,500 on account. 20 Paid employee salaries, $2,100, which includes accrued salaries from December 21 Paid on account, $1,630. 22 Purchased 200 units software inventory on account, $6,000. 24 Paid utilities. $350. 28 Sold 120 units software for cash, $4,800. 31 Recorded the following adjusting entries: a. Acorued salaries expense. S700 b. Depreciation on Equipment. $40: Depreciation on Furniture, $30 c. Expiration of prepaid rent, $1.800 d. Physical count of software inventory. 111 units

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