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Question 3
The name of Janet's business is "Cleaning Made Easy"
Below is the chart of accounts after Janet's first month of operations
for the month ended January 31, 2023.
From the list of accounts, prepare the following three statements:
Income Statement
Statement of Owner's Equity
- the opening capital balance is $0, the amount in the
Janet, Capital Account below is contributed during the first month of operations
Balance Sheet
Cleaning Made Easy
Adjusted Trial Balance
January 31, 2023
Account Name	Debit	Credit
Cash	16,952.00
Accounts Receivable	4,520.00
HST Payable	7,254.00
Prepaid Expenses	3,300.00
Vehicles	60,000.00
Accum. Depr. - Vehicles		1,000.00
Accounts Payable		1,582.00
Unearned Revenue		2,600.00
Loan Payable		67,800.00
Janet, Capital		25,000.00
Janet, Withdrawals	6,000.00
Service Revenue		4,000.00
Bank Charges Expense	30.00
Cleaning Supplies Expense	1,000.00
Depreciation Expense	1,000.00
Fuel Expense	800.00
Insurance Expense	300.00
Interest Expense	226.00
Legal Expense	600.00
Total	101,982.00	101,982.00

INCOME STATEMENT
STATEMENT OF OWNER'S EQUITY
BALANCE SHEET
ASSETS		LIABILITIES AND OWNER'S EQUITY