Meo Consulting, Inc., completed the following transactions during February 2010, its first month of operations:

Requirements 1. Record transactions in the journal. Explanations are not required.
2. Post them to the T-accounts that have been set up for you. Identify all items by date. Calculate the balance in each account.
3. Prepare a trial balance at February 28, 2010.
4. Prepare the income statement, statement of retained earnings, and balance sheet.

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Feb 2 Sold $65,000 of stock to Drake Meo to start the consulting practice. 3 Paid monthly office rent, $800. 6 Paid cash for a new computer, $1,900. 8 Purchased office furniture on account, $2,500. 11 Purchased supplies on account, $500. 19 20 28 Performed consulting service for a client on account, $2,700. Paid utility expenses, $450. Performed service for a client and received cash for the full amount of $2,000.