Journal Entries, Trial Balance, and Financial Statements (Appendix)

Refer to the transactions for Blue Jay Delivery Service in Problem 3-6.

Required 1. Prepare journal entries on the books of Blue Jay to record the transactions entered into during the month. Ignore depreciation expense and interest expense.

2. Prepare a trial balance at January 31, 2010.

3. Prepare an income statement for the month ended January 31, 2010.

4. Prepare a classifi ed balance sheet at January 31, 2010.

5. Assume that you are considering buying stock in this company. Beginning with the transaction to record the purchase of the property on January 3, list any additional information you would like to have about each of the transactions during the remainder of the month.

AppendixLO1