Mary Ann Powers decided to go into business as a sole proprietor and established MAP Computer Consulting Services on October 01, 2010. Listed below are the transactions that took place during the month of October.

Date	Transaction
10/01	Opened a business checking account (bank) with a deposit of $25,000 from her personal account
10/02	Purchased computer supplies for $1,500 paying for all of it by check from the business checking account
10/03	Provided services to ABC Inc. and received payment of $795 for services rendered
10/05	Paid rent for the companys office space for the month ($900)
10/10	Paid office salaries ($2,100)
10/11	Billed customers for services provided on account ($17,000)
10/15	Purchased computer supplies for $3,000 paying $750 in cash and the rest on account
10/16	Paid automobile expenses of $250 and miscellaneous expenses of $100
10/20	Paid creditors on account ($500)
10/25	Received cash payment of $5,000 from customers previously billed (on account)
10/31	Determined the cost of supplies available on hand at the end of the month is $2,500; therefore, the cost of supplies used was $2,000
10/31	Mary Ann Powers withdrew cash for personal use, $1,000.

Instructions:

Indicate the effect of each transaction (plus or minus) under the appropriate tabular heading (use Choice 1 Excel Template provided). HINT: The first transaction was completed for you on the template provided.

Based on the transactions that you recorded and analyzed for MAP Computer Consulting Services, prepare the following statements (use excel template provided MJ-IP1A-2):

Income statement

Statement of owners equity

Balance sheet