• Dona Ridge  started her business (“Dona Car Repairing Shop”) on January 1, 2018. During the first month of its operations, the business engaged in the following transactions:

Date	Transactions
Jan 1 Jan 2	Dona invested cash $100,000 as initial capital to start the business. An amount of $36,000 was paid as advance rent for three months.
Jan 3	Paid $60,000 cash on the purchase of equipment costing $80,000. The remaining amount was recognized as note payable.
Jan 4	Purchased office supplies costing $17,600 on account.
Jan 13	Provided services to its customers and received $28,500 in cash.
Jan 13	Paid the accounts payable on the office supplies purchased on January 4.
Jan 14	Paid wages to its employees for the month of January, aggregating $19,100.
Jan 18	Provided $54,100 worth of services to its customers. They paid $32,900 and promised to pay the remaining amount in the next month.
Jan 23	Received $15,300 from customers for the services provided on January 18.
Jan 25	Received $4,000 as an advance payment from customers.
Jan 26	Purchased office supplies costing $5,200 on account.
Jan 28	Paid water bill of $19,000 for January
Jan 31	Paid $5,000 advertising expense.
Jan 31	Received electricity bill of $2,470 for January.
Jan 31	Received telephone bill of $1,494 for January.
Jan 31	Miscellaneous expenses paid during the month totaled $3,470.

Instructions:

• Journalize the transactions      (16)
• Post the transactions in the ledger account.   (16)
• Prepare a Trial Balance for Jan 31, 2018.  (10)
• Prepare an Income Statement and a classified Balance for Jan 31, 2018 based on the information available in the trial balance. (10)