The post-closing trial balance from December 31, 2017 is shown below.

MATCHA CREATIONS

Post-Closing Trial Balance

December 31, 2017

Account Debit Credit

Cash........................................................................ NT$1,180

Accounts Receivable............................................. 875

Supplies.................................................................. 350

Prepaid Insurance ................................................................................ 1,210

Equipment ................................................................................ 1,200

Accumulated Depreciation- Equipment.............................................................. NT$ 40

Accounts Payable................................................................... 75

Salaries Payable................................................................... 56

Unearned Service Revenue.................................................................. 300

Interest Payable................................................................... 15

Note Payable................................................................... 2,000

Share CapitalOrdinary.................................................................. 800

Retained Earnings................................................................. 1,529

NT$4,815 NT$4,815

Instructions

Using the information from previous chapters and the new information above, do the following.

(a) Answer Mei-lings questions.

(b) Prepare and post the January 2018 transactions.

(c) Prepare a trial balance.

(d) Prepare and post the adjusting journal entries required.

(e) Prepare an adjusted trial balance.

(f) Prepare a multiple-step income statement for the month ended January 31, 2018.