From the following transactions for Rolo Company,complete the entire cycle.Prepare the complete :

1.Journal

2.worksheet

3.Ledger

4.statements

5.Trial Balance

6.Balance sheet

The chart of accounts includes:

We will use unusually small numbers ti simplify the calculations and to emphasize the theory.

adjustment data on January 31

Jan. 2 Rolo Kern invested $1,200 cash and $100 worth of office equipment to open Rolo Co. 2 Paid rent for three months in advance, $300. 3 Purchased office equipment on account, $50. 4 Bought office supplies for cash, $40. 8 Collected $400 for services rendered. 11 Rolo paid his home electric bill from the company bank account, $20. 14 Provided $100 worth of services to clients who will not pay until next month. 15 Paid salaries, $60. 18 Advertising bill for $70 was received but will not be paid until next month. Adjustment Data on January 31 a. Supplies on hand, \$6 b. Rent expired, $100 c. Depreciation, office equipment, $20 d. Salaries accrued, $50