Information:

1.INVESTED $200,000 CASH FOR COMMON STOCK

2.PURCHASED LAND FOR CASH OF $34,000

3.RECEIVED $15,000 CASH FROM A NOTES PAYABLE

4.PURCHASED EQUIPMENT FOR $24,000 with $5,000 CASH, REMAINING ON ACCOUNT

5.PAID RENT FOR $1,300 CASH

6.PURCHASED $3,950 IN SUPPLIES IN CASH

7.INCURRED ADVERTISING EXPENSE $1,300 ON ACCOUNTS PAYABLE

8.PERFORMED SERVICES $36,000, RECEIVED $4,000 CASH, BALANCE ON ACCOUNT

9.PAID $500 CASH ON DIVIDENDS

10.PREPAID INSURANCE FOR 2 YEARS OF $4,800

11.PAID $3,000 CASH FOR UTILITIES

12.PAID $2,600 FROM ACCOUNTS PAYABLE

13.PAID $140 ON INTEREST EXPENSE

14.INCURRED SALARIES & WAGES PAYBLE FOR 4 OUT OF 5 DAYS FOR 2 EMPLOYEES AT $900 EACH AND PAID CASH OF $7,200.

15.RECEIVED $12,000 CASH FROM ACCOUNTS RECEIVABLE

16.RECEIVED $3,000 CASH FOR FUTURE SERVICES adjustments

17.REMAING BALANCE ON ACCOUNT OF SUPPLIES IS $2000

18.EXPENSED UTILITIES ON ACCOUNT FOR $250.00

19.INSURANCE EXPENSED FOR 1 MONTH

20.EQUIPMENT DEPRECIATION IS OF A 5 YEAR SCHEDULE, INDICATE EXPENSE FOR THE MONTH

21.PERFORMED SERVICES FOR $1,700 ON ACCOUNT

22.RETAINED EARNING OF $35,000 PRIOR MONTH IN CASH

Answers Needed for the following:

1) PREPARE GENERAL JOURNAL

2) PREPARE T-ACCOUNTS

3) PREPARE TRIAL BALANCE

4) MAKE ADJUSTMENTS

5) ADJUSTED TRIAL BALANCE

6) INCOME STATEMENT

7) BALANCE SHEET

8) RETAINED EARNINGS STATEMENT