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Journal Entries of January 10. explain how to record this transactions. Provide the...

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Accounting

imageJournal Entries of January 10. explain how to record this transactions.
image
Provide the related Adjusting entry for January 31.
January 10: A customer named Monika paid $500 in advance for ten personalized shirts at $50 each. Tony accepted the money and told Monika that her shirts would be ready in a few weeks. UP/DOWN ACCOUNT NAME AMOUNT Five personalized shirts ordered by Monika were delivered on January 31. The cost of these shirts wer $40 each UP/DOWN ACCOUNT NAME AMOUNT

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