Trial Balance and Financial Statements

The following account balances were prepared (out of order) from the general ledger of The Cat Whisperer, Inc. of January 31. The company trains cats having behavioral problems. The firm's accounting year began on January 1. All accounts have normal balances.

Facilities	$32,000		Office Rent Expense	$800
Maintenance Expense	460		Supplies Expense	1,760
Supplies	1,640		Utilities Expense	200
Advertising Expense	550		Fees Earned	20,470
Common Stock	37,600		Accounts Receivable	8,200
Cash	7,300		Salaries Expense	4,480
Accounts Payable	1,420		Dividends	2,100

Required a. Prepare a trial balance from the given data. b. Prepare an income statement for the month of January. c. Prepare a statement of stockholders' equity for the month of January. d. Prepare a balance sheet as of January 31.

Note: Do not use negative signs with your answers, unless otherwise noted (such as Dividends).

• Trial Balance
• Income Statement
• Statement of Stockholders' Equity
• Balance Sheet

	THE CAT WHISPERER, INC. Statement of Stockholders' Equity For the Month Ended January 31
		Common Stock	Retained Earnings	Total
	Balance, January 1
	Add: Capital contributed
	Add: Net Income
	Less: Dividends paid(enter as a negative)
	Balance, January 31