Can you Solve the Mini Practice Set For Chapter 6 of College Accounting 14th edition? (http://www.chegg.com/homework-help/college-accounting-chapters-1-30-14th-edition-chapter-6-problem-1mps-solution-9780077862398) You're Chief Accountant for Wells' Consulting Sevice. Follow the Instructions to Complete the accounting records for the month of January. 1) Obtain general ledge accounts and enter the balances for Jan 1 2017, obtain the necessary figures from the post closing trial balance prepared on Dec 31 2016 2) Analyze each transaction and record it in the general journal. Transactions here: (http://imgur.com/A247UFj) 3) Post the transactions to the general ledger accounts 4) Prepare the Trail Balance section of the worksheet 5) Prepare the Adjustments section of the worksheet. a. compute and record the adjustment for supplies used during the month. An inventory taken on Jan 31 showed supplies of $4200 on hand b. Compute and record the adjustment for expired insurance for the month c. Record the adjustment for one month of expired rent for $4000 d. Record the adjustment for depreciation of $183 on the old equipment for the month. The first adjustment for depreciation for the new equipment will be recorded in February 6) Complete the worksheet 7) Prepare an income statement for the month 8) Prepare a statement of owners equity 9) Prepare a balance sheet using the report form 10) Journalize and post the adjusting entries 11) Journalize and post the closing entries 12) Prepare a post closing trial balance Analyze: Compare the Jan 31 balance sheet you prepared with the December 31 balance sheet here: (http://imgur.com/QMxH9jA) a. What changes occurred in total assets, liabilities, and the owners ending in capital? b. What changes occurred in Cash and Accounts Receivable accounts? c. Has there been an improvement in the firms financial position? Why to why not? This question has already been answered in a previous edition (http://www.chegg.com/homework-help/project-give-opportunity-apply-knowledge-accounting-principl-chapter-6-problem-1mps1-solution-9780077430627-exc) but I would like to compare these current numbers with mine. If you could please post the solution it would be greatly appreciated. Here is a total collection of the information needed to complete this mini practice set. (http://imgur.com/d0HU71a) I am using imgur because this image uploader is not working. If Tinypic works better or another image hosting site let me know.