1. Make the Adjusted entries then Adjusted Trial Balance

2. Make the Income Statement

3. Make the Retained Earning Statement

4. Make the Financial Position Statement

5. Make the Close Entries

The following events occurred during its first month, 2017. Jan 2 Issued ordinary shares in exchange for $40,000 cash. Company pays $25,000 cash for equipment. 2 3 Company pays $1,500 cash for supplies. 4 10 12 13 18 20 2222 23 25 26 27 27 28 30 Company purchase $7,000 of supplies on credit from supplier (Air Supply). Company pays $1,000 cash for January rent. Company provides consulting services and immediately collects $4,500 cash. Company pays $750 cash for employee salary. Company provides consulting services. The customer is billed $2,900 for this service. Company receives $2,900 cash from the client billed in transaction 18 January. Company pays Air Supply $1,000 cash toward the payable in transaction 4. Paid dividend $300. Company receives $3,500 cash in advance of providing consulting services to a customer. Company pays $3,600 cash (insurance premium) for a 24-months insurance policy. Coverage begins on January 1 Company pays $750 cash in employee salary for work perform in latter part of January. Company pays $180 cash for supplies Company pays $220 cash for January utilities expense