Transactions in January 2018.

1/1 Bill Jones started a new business called Bills Landscaping Service. Inc. The company issued 300,000 shares of stock, par $1, for $300,000. The $300,000 was deposited in a bank account.

1/1 Purchased a truck for $40,000, no salvage value, useful life 5 years, for cash.

1 / 2 Purchased a 3 year insurance policy for $7,200 cash.

1 / 3 Purchased land $10,000; paid $ 8,000 down, gave a non-interest bearing note payable for the

balance

1 / 15 Signed a contract to perform landscaping for $48,000. The job will take 2 months and we are paid at the beginning of the job. We begin work on the job immediately.

1 / 15 Signed a contract to perform landscaping for $40,000. The job will take 2 months and we are paid at the end of the job. We begin work on the job immediately.

1/15 Purchased a computer for $ 4,800 cash, no salvage value, life 4 years.

1 / 20 Purchased office supplies for $ 2,000 on account

Additional Information: On 1/31, owed $800 wages and office supplies on hand totaled

$ 1,500.

Prepare Adjusted Trial Balance, Income Statement, and Balance Sheet.