Using Be Prepared, Inc.s adjusted trial balance and prior periods balance sheet, prepare the following Financial Reports in good form using Microsoft Excel or Microsoft Word: Multi-Step Income Statement for the month of January 2014 Statement of Retained Earnings for the month of January 2014. Note: There are no prior period adjustments and all dividends declared are cash dividends in the amount of $31,060.

Be Prepared
Adjusted Trial Balance
January 31, 2014
Account ID		Account Description		Debits		Credits
1001		Cash	$	687,490.00	$
1021		Accounts Receivable		23,000.00
1022		Allowance for Doubtful Acc				460.00
1027		Interest Receivable		60.00
1031		Notes Receivable		10,000.00
1051		Merchandise Inventory		5,190.00
1101		Store Supplies		10,000.00
1111		Office Supplies		300.00
1125		Prepaid Insurance		2,800.00
1401		Land		414,250.00
1411		Building		400,000.00
1412		Accum Dep: Building				45,750.00
1431		Office Equipment		90,000.00
1432		Accum Dep: Office Equipm				17,500.00
1451		Store Equipment		125,000.00
1452		Accum Depr: Store Equipm				15,800.00
1501		Patents		69,300.00
2001		Accounts Payable				25,000.00
2005		Income Taxes Payable				7,500.00
2031		Interest Payable				4,778.00
2101		Notes Payable long term				200,000.00
2301		Bonds Payable				800,000.00
2303		Discount on Bonds Payable		23,900.00
3001		Preferred Stock				400,000.00
3011		Common Stock				105,000.00
3101		Paid in Capital In Excess of par: Prefer				15,000.00
3111		Paid in Capital In Excess of par: Com				166,250.00
3121		Paid in Capital Treasury Stock				72,000.00
3300		Retained Earnings				53,940.00
3351		Treasury Stock		72,000.00
4001		Sales Revenue				139,000.00
4002		Sales Discount		800.00
4003		Sales Returns & Allowances		3,000.00
4101		Interest Revenue				60.00
5001		Cost of Goods Sold		84,560.00
5010		Insurance Expense - General		200.00
5012		Repairs Expense: Office		2,500.00
5015		Depreciation Expense: Building - General		750.00
5020		Depreciation Exp: Office Eq		2,500.00
5025		Supplies Expense - Selling		1,200.00
5027		Utilities Expense: Office		1,500.00
5030		Office Salaries Expense		15,000.00
5035		Office Payroll Tax Expense		1,200.00
6005		Depreciation Exp: Store Eq		800.00
6010		Amortization Expense: Pat - General		700.00
6015		Sales Salaries Expense		10,000.00
6020		Sales Payroll Tax Expense		800.00
6022		Utilities Expense: Store		1,100.00
6025		Delivery Expense - General		1,000.00
6030		Repairs Expense: Store		800.00
6040		Bad Debts Expense - Selling		460.00
7001		Interest Expense		5,878.00
			$	2,068,038.00	$	2,068,038.00

$

2,068,038.00

$