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Transactions for January of $2020$

$1/3/20$ Paid interest payable plus $$3,000$ toward long term debt

$1/2/20$ Paid salaries payable

$\frac{1}{3}\frac{?}{20}$ Purchased inventory $(500$ units at $$46)$ on credit

$\frac{1}{4}\frac{?}{20}$ Paid shipping on inventory of $$300$

$\frac{1}{6}\frac{?}{20}$ Purchased supplies on credit for $$850$

$1/9/20$ Received $$3,000$ from customers for products to deliver in March

$\frac{1}{10}\frac{?}{20}$ Sold $600$ units on credit with a sales price of $$105($assume perpetual LIFO$)$

$\frac{1}{15}\frac{?}{20}$ Purchased inventory on credit $(700$ units at $$47)$

$\frac{1}{20}\frac{?}{20}$ Paid $$39,200$ on accounts payable

$\frac{1}{21}\frac{?}{20}$ Collected $$139,520$ in cash from customers in payment for earlier sales

$\frac{1}{22}\frac{?}{20}$ Wrote off accounts receivable for $$920$

$\frac{1}{25}\frac{?}{20}$ Sold $200$ units on credit with a sales price of $$105($still perpetual LIFO$)$

$\frac{1}{26}\frac{?}{20}$ Paid wages to employees for work done in January $$31,000$

$\frac{1}{26}\frac{?}{20}$ Received utility bill for $$2,400$ for utilities used in January that will be paid in February

$\frac{1}{31}\frac{?}{20}$ Delivered $100$ units of product to customers that they paid $$10,000$ for in $2019($unearned revenue$)$

$\frac{1}{31}\frac{?}{20}$ Counted supplies and found $$1,040$ remaining

$\frac{1}{31}\frac{?}{20}$ Employees worked and earned $$4,700$ in January that will not be paid until February

$\frac{1}{31}\frac{?}{20}$ Interest at $8\%$ per year on the long term debt $($new balance$)$ has not been paid

$\frac{1}{31}\frac{?}{20}$ The prepaid insurance will last $4$ months into $2020$ before a new policy will be required

$\frac{1}{31}\frac{?}{20}$ The allowance for bad debts is estimated at $4\%$ of total accounts receivable

$\frac{1}{31}\frac{?}{20}$ A count of inventory showed that $50$ units were damaged such that they are worthless and will be thrown away

make a balance sheet, statement of owners equity and an income statement for the transactions

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