PREPARE FOR FEBRUARY:

1. BALANCE SHEET

2.STATEMENT OF CASH FLOWS

3. POST-CLOSING TRAIL BALANCE

Adjusted Trial Balance January 31, 2X1 Credit $ $ $ Debit 4,490 4,290 680 $ 79,000 $ 124,000 $ 38,270 $ 5,085 Cash Accounts Receivable Supplies Prepaid Rent Building Equipment Accumlated Depreciation Accounts Payable Utilities Payable Wages and Salaries Payable Income Tax Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Wages and Salaries Expense Rent Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Total $ 1,790 $ 6,545 $ 112 $ 33,650 $ 95,000 $ 28,725 $ 300 $ 8,290 $ 2,130 850 190 $ 770 112 $ 655 $ 217,467 $217,467 Post-Closing Trial Balance January 31, 2XX1 Account Cash Accounts Receivable Supplies Building Equipment Accumulated Depreciation Accounts Payable Wages and Salaries Payable Income Tax Payable Interest Payable Notes Payable Common Stock Retained Earnings Total $ 4,490 $ 4,290 $ 680 $ 79,000 $ 124,000 $ 38,270 $ 5,085 $ 1,790 $ 6,545 $ 112 $ 33,650 $ 95,000 $ 32,008 $ 212,460 $ 212,460 Adjusted Trial Balance February 28, 2X1 Credit Debit $ 7,135 $ 3,380 $ 840 $ 4,250 $ 79,000 $ 124,000 37 Cash 38 Accounts Receivable 39 Supplies 40 Prepaid Rent 41 Building 42 Equipment 43 Accumlated Depreication 44 Accounts Payable 45 Bonus Payable 46 Wages and Salaries Payable 47 Income Tax Payable 48 Interest Payable 49 Notes Payable 50 Service Revenue 51 Common Stock 52 Retained Earnings 53 Bonus Expense 54 Wages and Salaries Expense 55 Rent Expense 56 Supplies Expense 57 Depreciation Expense 58 Interest Expense 59 Income Tax Expense 60 $ 39,040 $ 5,895 $ 975 $ 1,940 $ 7,050 $ 224 $ 33,585 $ 9,080 $ 95,000 $ 32,008 $ $ $ $ 975 2,330 850 650 770 112 505 $ 224,797 $224,797 9,080 Income Statement For the Month Ended February 28, 2XX1 Revenue: Service Revenue $ Expenses: Wages and Salaries Expense 2,330 Bonus Expense 975 Rent Expense 850 Supplies Expense 650 Depreciation Expense 770 Interest Expense 112 Income Tax Expense 505 Total Expenses: 6,192 Net Income 2,888 Statement of Stockholders Equity For the Month Ended February 28, 2XX1 Common Stock Retained Earnings Balance, January 31, 2XX1 95,000 $ 32,008 Common Stock Issued Net Income $ 2,888.00 Balance, February 28, 2XX1 95,000 $ 34,896 Total SHE $ 127,008 $ 2,888.00 $ 129,896 Assets Current Assets: Cash Accounts Receivable Supplies Total Current Assets Balance Sheet February 28, 2XX1 Liabilities and Stockholder's Equity Current Liabilities: 7,135 Accounts Payable 3,380 Wages and Salaries Payable 840 Bonus Payable 11,355 Income Tax Payable Interest Payable Notes Payable 79,000 Total Liabilities 124,000 (39,040) Stockholder's Equity 163,960 Common Stock Retained Earnings Total Stockholder's Equity 175,315 Total Liabilities & Stockholder's Equity 5,895 1,940 975 7,050 224 33,585 49,669 Plant, Property, and Equipment: Building Equipment Accumulated Depreciation Plant, Property, and Equipment (net) ! $ 95,000 34,896 129,896 179,565 Supplies Total Assets