Time: one day

take enough time to do it but have to fulfill all my answer.

Ms. Anna started her business (Anna Car Repairing Shop) on January 1, 2018. During the first month of its operations, the business engaged in the following transactions: Date Transactions Jan 1 Anna invested cash $100,000 as initial capital to start the business. Jan 2 An amount of $36,000 was paid as advance rent for three months. Jan 3 Paid $60,000 cash on the purchase of equipment costing $80,000. The remaining amount was recognized as note payable. Jan 4 Purchased office supplies costing $17,600 on account. Jan 13 Provided services to its customers and received $28,500 in cash. Jan 13 Paid the accounts payable on the office supplies purchased on January 4. Jan 14 Paid wages to its employees for the month of January, aggregating $19,100. Jan 18 Provided $54,100 worth of services to its customers. They paid $32,900 and promised to pay the remaining amount in the next month. Jan 23 Received $15,300 from customers for the services provided on January 18. Jan 25 Received $4,000 as an advance payment from customers. Jan 26 Purchased office supplies costing $5,200 on account. Jan 28 Paid water bill of $19,000 for January Jan 31 Paid $5,000 advertising expense. Jan 31 Received electricity bill of $2,470 for January. Jan 31 Received telephone bill of $1,494 for January. Jan 31 Miscellaneous expenses paid during the month totaled $3,470.

Prepare an Income Statement and a classified Balance for Jan 31, 2018 based on the information available in the trial balance.

Date	Particular	Debit $	Credit $
	Capital		100000
	Advance Rent		36000
	Equipment	80000
	Trade payable		20000
	Office Supplies	22800
	Services Fees		82600
	Wages	19100
	Trade Debtors	5900
	Customers Advances		4000
	Water bill	19000
	Adv. expenses	5000
	Electricity Bill	2470
	Electricity Bill Payable		2470
	Telephone	1494
	Telephone payable		1494
	Mis Expenses	3470
	Cash	87330
		246564	246564