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Case Problem 2: Tacoma Computer Club

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[The following information applies to the questions displayed below.]

Please complete the steps in Case 1 on pages 617-626 before answering the following questions.

Case Problem 2: Check Your Progress

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What are the total debit and credit balances on your trial balance?

What is the total amount of checks outstanding?

How much are the total expenditures on January 31?

How much is the total revenue on January 31?

How much is net income (net loss) on January 31?

What is account balance in Membership Contributions on January 31?

What are the total assets on January 31?

What is the retained earnings balance on January 31?

What is the balance in the Credit Card Payable account on January 31?

What is the balance of Office Supplies & Software on January 31?

Is there an increase or decrease in Cash for the month of January?

Was any Credit Card Payable incurred during the Month of January?