problem: A Tee’s Golf School completed the following transactions during January:
Jan.1 Prepaid insurance for January through March, $300.
Jan.4 Performed service I gave golf lessons) on account, $2,200.
Jan.5 Purchased equipment on account, $1,900.
Jan.6 Paid property tax expense, $45.
Jan.11 Purchased office equipment for cash, $800.
Jan.19 Performed service and received cash, S700.
Jan.24 Collected $400 on account.
Jan.26 Paid account payable from January 5.
Jan.29 Paid salary expense, $900.
Jan.31 Recorded adjusting entry for January insurance expense (see Jan. 1)
Jan.31 Debited unearned revenue and credited revenue to adjust the accounts $600.
Demonstrate how each transaction he would handle using the accrual basis of accounting. Give the value of revenue or expense for January. Journal entries are not required. [Show your all computations]