TRANSACTIONS1INVESTED $400,000 CASH FOR COMMON STOCK2PURCHASED LAND FOR CASH OF $54,0003RECEIVED $25,000 CASH FROM A NOTES PAYABLE4PURCHASED EQUIPMENT FOR $34,000 with $5,000 CASH, REMAINING ON ACCOUNT5PAID RENT FOR $2,300 CASH6PURCHASED $3,950 IN SUPPLIES IN CASH7INCURRED ADVERTISING EXPENSE $2,300 ON ACCOUNTS PAYABLE8PERFORMED SERVICES $46,000, RECEIVED $4,000 CASH, BALANCE ON ACCOUNT9PAID $900 CASH ON DIVIDENDS10PREPAID INSURANCE FOR 2 YEARS OF $7,20011PAID $4,000 CASH FOR UTILITIES12PAID $3,600 FROM ACCOUNTS PAYABLE13PAID $240 ON INTEREST EXPENSE14INCURRED SALARIES & WAGES PAYBLE FOR 3 OUT OF 5 DAYS FOR 2 EMPLOYEES AT $900 EACH AND PAID CASH OF $7,200 IN CASH.15RECEIVED $18,000 CASH FROM ACCOUNTS RECEIVABLE16RECEIVED $5,000 CASH FOR FUTURE SERVICES17REMAING BALANCE ON ACCOUNT OF SUPPLIES IS $200018EXPENSED UTILITIES ON ACCOUNT FOR $450.0019INSURANCE EXPENSED FOR 1 MONTH20EQUIPMENT DEPRECIATION IS OF A 5 YEAR SCHEDULE, INDICATE EXPENSE FOR THE MONTH21PERFORMED SERVICES FOR $2,700 ON ACCOUNTADJUSTING ENTRIES22PERFORMED SERVICES ON ACCOUNT WAS ACTUALLY $27,000 NOT $2,700-PREPARE TRIAL BALANCE

-MAKE ADJUSTMENTS

-ADJUSTED TRIAL BALANCE

-INCOME STATEMENT

-BALANCE SHEET

RETAINED EARNINGS STATEMENT