My Peace, House of Dcor . GENERAL INSTRUCTIONS FOR JANUARY Journalize the transactions listed below and on the next page and post to the ledger accounts Omit explanations Prepare an unadjusted trial balance Journalize the adjusting entries and post to the general ledger. Adjustment data are provided on the next page Prepare an adjusted trial balance Prepare a schedule of accounts receivable. List the balance of each customer account with a balance and total the balances. Compare the total to the balance of Accounts Receivable in the general ledger 1) 2) 3) 4) 5) 6) Prepare an income statement for the month ended January 31,20-- 7) Prepare a retained earnings statement for the month ended January 31,20 8) Prepare a balance sheet as of January 31,20-- 9) Complete the analysis test for January on page 27. TRANSACTIONS FOR JANUARY General Entries Received $60,000 from Sophia LeBron and issued 12,000 common shares of $5 par value Paid $6,000 of general liability and property insurance. The disbursement by Check No. 100 Jan. 5 5 was for a complete vear of service. 6 Rented an office and furniture for $2,000 per month. Issued Check No. 101 for $6,000, representing the first and last months' rent and the security deposit. (The security deposit the last month's rent, and the current rent are to be classified separately.) Issued Check No. 102 for $1,600 for the purchase of office supplies Issued Check No. 103 for $7,000 for advertising to be run in local newspapers and maga- zines in the month of January 7 7 10 Roxana Perini engaged My Place, House of Dcor to renovate her oceanfront condominium. Received $10,000 from Roxana Perini after services were completed 12 Recorded $6,000 (net 30) decorating fees earned on account from Maribel Thompson to remodel her office My Peace, House of Dcor . GENERAL INSTRUCTIONS FOR JANUARY Journalize the transactions listed below and on the next page and post to the ledger accounts Omit explanations Prepare an unadjusted trial balance Journalize the adjusting entries and post to the general ledger. Adjustment data are provided on the next page Prepare an adjusted trial balance Prepare a schedule of accounts receivable. List the balance of each customer account with a balance and total the balances. Compare the total to the balance of Accounts Receivable in the general ledger 1) 2) 3) 4) 5) 6) Prepare an income statement for the month ended January 31,20-- 7) Prepare a retained earnings statement for the month ended January 31,20 8) Prepare a balance sheet as of January 31,20-- 9) Complete the analysis test for January on page 27. TRANSACTIONS FOR JANUARY General Entries Received $60,000 from Sophia LeBron and issued 12,000 common shares of $5 par value Paid $6,000 of general liability and property insurance. The disbursement by Check No. 100 Jan. 5 5 was for a complete vear of service. 6 Rented an office and furniture for $2,000 per month. Issued Check No. 101 for $6,000, representing the first and last months' rent and the security deposit. (The security deposit the last month's rent, and the current rent are to be classified separately.) Issued Check No. 102 for $1,600 for the purchase of office supplies Issued Check No. 103 for $7,000 for advertising to be run in local newspapers and maga- zines in the month of January 7 7 10 Roxana Perini engaged My Place, House of Dcor to renovate her oceanfront condominium. Received $10,000 from Roxana Perini after services were completed 12 Recorded $6,000 (net 30) decorating fees earned on account from Maribel Thompson to remodel her office