Mobile Detail, Inc. provides mobile detailing to its customers. The Income Statement for the month ended January 31, 2014, the Balance Sheet for December 31, 2013, and details of postings to the Cash account in the general ledger for the month of January 2014 follow:

The following additional information is also available:
1. $1,000 of the cash collected from customers in January 2014 was for gift certificates for detailing services to be performed in the future. As of January 31, 2014, $1,200 of gift certificates were still outstanding.
2. $3,500 of supplies were purchased on account.
3. Employees are paid monthly during the first week after the end of the pay period.

Requirement
Based on these statements, prepare the Balance Sheet for January 31,2014.

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A1 Mobile Detall, Inc. Income Statement Month ended January 31, 2014 evenue Detailing revenue $29,400 600$30,000 $12,000 6,000 4,000 Salary expense 7 Depreciation expense-equipment Supplies expense Advertising 10 Net income 6,000 A1 Mobile Detail, Inc. Balance Sheet December 31, 2013 Assets Llabilitles $ 1,300 Accounts payable $5,000 1000 Cash Ac Supplies Equipment 2,000 Salary payable 1,500 Unearned service revenue 30,000 (6,000] Total liabilities Less: Accumulate Stockholders' Equity depreciation 24,000 Common stock Retained eanings Total stockholders equity Total labilities and 12,000 10 12 Total assets 28,800 stockholders' equity Bal 12/31/2013 Cash collections from customers 31,000Salaries paid Issuancc of common stock Cash 1,300 8,000 Dividends paid 12,500 500 5,000 5,500 Purchase of cquipment Payments of accounts payable Advertising paid Bal 1/31/2014