1. On January 1, 2019, issues 10,000 shares of common stock for cash.
2. On January 5, 2019, purchases equipment on account for 5,500, paid 2,500 cash and rest of the balance due within the month.
3. On January 8, 2019, receives 3,000 cash in advance from a customer for services not yet rendered.
4. On January 9, 2019, pays 1,200 insurance for one year in cash.
5. On January 10, 2019, provides 6,500 in services to a customer who asks to be billed for the services.
6. On January 11, 2019, purchases supplies on account for 200, payment due within three months.
7. On January 17, 2019, receives 2,800 cash from a customer for services rendered.
8. On January 19, 2019, paid in full, with cash, for the equipment purchase on January 5.
9. On January 20, 2019, paid 3,600 cash in salaries expense to employees.
10. On January 30, 2019, divident payment of 1,000 made.

Instructions

1. Prepare journal entries to record each of the January transactions. (Omit explanations.)

2. Post the journal entries to the accounts in the ledger.

3. Prepare an unadjusted trial balance as of January 31, 2019.

ADJUSTMENTS:

1. Insurance expires at the rate of 100.
2. 100 of supplies are on hand.
3. Depreciation on the equipment is 500.
4. Interest of 200 has accured to the saving account.

4. Prepare journal entries to record each of the January transactions. (Omit explanations.)

5. Post the journal entries to the accounts in the ledger.

6. Prepare an adjusted trial balance as of January 31, 2019.

7. Prepare Income Statement.

8. Prepare Retained Equity Statement.

9. Prepare Balance Sheet.

10. Jornalize the closing entries.

11. Prepare an post trial balance as of January 31, 2019.