there is a newly established SERVICE COMPANY as of Jan 01, 2015.

1. You will assume that some capital from shareholders, and some loan from the creditors to be registered to the Journal
2. During the month you will consider 15 more economic events (including 2 prepaid expenses, 1 accrued expense, 1 unearned revenues, 1 accrued revenue) to be registered to the Journal.
3. Post the above 17 entries (2 entries are according to article 1 and 15 entries are according to art 2) to the Ledger.
4. At the end of January,

1. Prepare Trial Balance
2. Record Adjusting Entries
3. Prepare Adjusted Trial Balance

6. Prepare Income Statement
7. Prepare Retained Earnings Statement
8. Prepare Balance Sheet
9. Prepare 6 Ratio Analysis by utilizing your Balance Sheet and Income Statement,