Information pertains to first month of the operations for Apple Inc.

1/1 Bill incorporated Apple Inc.,

1/1 invested 100,000 dollars in exchange for 100,000 shares of 1 dollar par common stock

1/1 Paid 9,000 dollars for first 6 months of rent from January-June on the production facility

1/1 Paid 4,200 dollars for the insurance premium for one year policy

1/1 Purchased 15,000 dollars of factory equipment with 3 percent Note Payable, it will be paid in full at the end of 2 years. Equipment has estimated life of 5 years, an estimated residual value of 3,000 dollars.

1/2 Purchased 600 dollars of supplies from Amazon on account on terms 2/10, n/30

1/3 Purchased 50,000 dollars of raw materials from Chem stuff inc. on account

1/5 Requisitioned 10,000 dollars of raw materials to begin working on Job A, another 7,000 dollars of raw materials to begin working on Job B

1/8 Paid off account with Amazon with cash

1/10 Incurred 2,500 dollars of direct labor costs while working on Job A and another 1,800 dollars of direct labor went to Job B

1/11 Allocated 5,000 dollars worth of factory overhead (based on previous rate) to Job A and 3,600 dollars is allocated to Job B

1/13 Job A was finished

1/16 Job A was sold for 36,000 dollars to thred Corp on account on FOB destination terms.

1/17 Paid 800 dollars on delivery charges for Job A

1/20 Incurred (did not pay) factory overhead costs as follows: indirect wages, $4,200; indirect materials, $1,850; utilities, $2,300.

1/23 Paid all previously incurred wages with cash.

1/28 Paid 5,000 dollars for advertising services with the cash.

1/30 Incurred 1,500 dollars of legal expenses which will be paid on February 10th

1/30 Received 10,000 dollars from thred Corp to partially pay off their account.

1/30 Apple Inc. issued 50,000 shares of 1 dollars par common stock, in exchange for 75,000 dollars from Jill (a new investor).

1/31 Paid 25,000 dollars to Chem stuff Inc to partially pay off account

1/31 3,000 dollars cash dividend, distributed on February 5th

1/31 120 dollars of supplies on hand

Record these transactions along with necessary adjusting transactions.

After, create an Income Statement multistep, statement of Stockholder's Equity, Balance Sheet classified, Statement of Cash Flows direct method. Remember to include all of the right titles on the financial statements.