Daniels Consulting began operations and completed the following transactions during December ?, 2016 ?:

Requirements 1. Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Furniture; Accounts Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Rent Expense; and Utilities Expense. Explanations are not required. T-accounts have been opened for you. Post the journal entries to the T-accounts and calculate account balances. Use the transaction dates as posting references. 2. 3. Prepare a trial balance as of December 31, 2016 4. Prepare the income statement of Daniels Consulting for the month ended 5. Prepare the statement of retained earnings for the month ended December 6. Prepare the balance sheet as of December 31, 2016 December 31, 2016. 31, 2016. 7. Calculate the debt ratio for Daniels Consulting. Print Done Requirements 1. Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Furniture; Accounts Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Rent Expense; and Utilities Expense. Explanations are not required. T-accounts have been opened for you. Post the journal entries to the T-accounts and calculate account balances. Use the transaction dates as posting references. 2. 3. Prepare a trial balance as of December 31, 2016 4. Prepare the income statement of Daniels Consulting for the month ended 5. Prepare the statement of retained earnings for the month ended December 6. Prepare the balance sheet as of December 31, 2016 December 31, 2016. 31, 2016. 7. Calculate the debt ratio for Daniels Consulting. Print Done