3. Prepare an unadjusted trial balance at January 31.FAST DELIVERIES, INCORPORATEDUnadjusted Trial BalanceAccount TitlesDebitCreditCashAccounts ReceivableSuppliesPrepaid InsurancePrepaid RentVehiclesAccumulated DepreciationAccounts PayableDeferred RevenueNotes Payable (long-term)Salaries and Wages PayableInterest PayableCommon StockRetained EarningsService RevenueSalaries and Wages ExpenseSupplies ExpensesDepreciation ExpenseInterest ExpenseTotals LVERIES, INCORPORATEDBalance Sheet at January 1Liabilities:Accounts PayableStockholders' Equity:Common StockAssets:CashAccounts ReceivableSupplies$ 11,700$ 80062041011,450480Retained EarningsTotal Assets$ 12,730Total Liabilities and Stockholders' Equity$ 12,730Two employees have been hired, at a monthly salary of $2,660 each. The following transactions occurred during Januaryof the current year.January$6,000 is paid for 12 months insurance starting January 1. (Record as an anset.)$3,600 is paid for 12 months of rent beginning January 1. (Record as an asset.)FDI borrows $26,400 cash from Pirst State Bank at 5% annual interest; this note iapayable in two years.A delivery van is purchased using cash. Including tax, the total cost was $19,200.Stockholdere contribute $8,000 of additional canh to PDI for its common stock.Additional supplies costing $900 are purchased on account and received.$800 of accounts receivable arising from 1ast year's December sales are collected.$700 of aceounta payable from December of last year are paid.Performed services for customers on account. Sent invoices totaling $11,700.$7,700 of services are performed for customers who paid immediately in cash.$2,660 of salaries are paid for the first half of the month.PDI receives $3,900 cash from a cutomer for an advance order for services to beprovided later in January and in Foebruary.$3,600 in collected from customers on account (see January 9 transaction).26.10162025January31a.31b.Additional information for adjunting entriestA $900 bill arrives for January utility services. Payment is due February 15.Supplien on hand on January 31 are counted and determined to have cost $240.As of January 31, PDI had completed 60% of the deliveries for the customer who paid inadvance on January 20.Accrue one month of interest on the bank loan. Yearly interest is determined bymultiplying the amount borrowed by the annual interest rate (exprensed an 0.05). Forconvenience, calculate January interest as one-twelfth of the annual interest.Ansume the van wil1 be uned for 4 years, after which it will have no value. Thus, eachyear, one-fourth of the van's benefita will be used up, which implies annualdepreciation equal to one-fourth of the van'a total cost. Record depreciation for themonth of January, equal to one-twelfth of the annual depreciation expenne.Salaries earned by employees for the period from January 16 to 31 are $1,330 peremployee and will be paid on February 3.Adjuet the prepaid anset accounts (for rent and insurance) as needed.31c.31d.31e.31f.31g.

Unadjusted trial balance is the statement which is prepared to check if all debits are equal to…

at January Assets: Liabilities: Accounts Payable Stockholders' Equity: Cash $ 11,700 620 410 $ 800 Accounts Receivable Supplies Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 11,450 480 $ 12,730 Total Assets $ 12,730 Two employees have been hired, at a monthly salary of $2,660 each. The following transactions occurred during January of the current year. January $6,000 is paíid for 12 months insurance starting January 1. (Record as an asset.) $3,600 is paid for 12 months of rent beginning January 1. (Record as an asset.) FDI borrovs $26, 400 cash from Pirat State Bank at 58 annual interest; this note is payable in two years. A delivery van is purchased using cash. Including tax, the total cost vas $19,200. Stockholders contribute $8,000 of additional canh to FDI for its common stock. Additional supplies costing $900 are purchaned on account and received. $800 of accounts receivable arising from 1ast year's Decenber sales are collected. $700 of accounts payable from Decenber of last year are paid. Performed services for customers on account. Sent invoices totaling $11,700. $7,700 of services are performed for customers who paid immediately in cash. $2,660 of salaries are paid for the first half of the month. PDI receives $3,900 cash from a cuntomer for an advance order for services to be provided later in January and in February. $3,600 is collected from customers on account (see January 9 transaction). 3. 6. 6. 10 16 20 25 January Additional information for adjusting entries: 3la. A $900 bill arrives for January utility services. Payment is due February 15. Supplies on hand on January 31 are counted and determined to have coat $240. As of January 31, FDI had conpleted 60 of the deliveries for the customer who paid in advance on January 20. Accrue one month of interest on the bank loan. Yearly interest is determined by multiplying the amount borrowed by the annual interest rate (expressed as 0.05). For convenience, calculate January interest as one-twelfth of the annual interest. Assume the van will be uned for 4 years, after which it vill have no value. Thus, each year, one-fourth of the van's benefits will be used up, which implies annual depreciation equal to one-fourth of the van's total cost. Record depreciation for the month of January, equal to one-tvelfth of the annual depreciation expense. Salaries earned by employees for the period from January 16 to 31 are $1,330 per employee and will be paid on February 3. Adjuet the prepaid asset accounts (for rent and insurance) as needed. 31b. 31e. 31d. 3le. 31f. 31g.