Annette Creighton opened Creighton Consulting on January 1. She rented a small office and paid a part-time worker to answer the phone and make deliveries. A chart of accounts and trial blanace as of January 31 are as follows:

Chart of Accounts
Assets			Revenues
101	Cash		401	Consulting Fees
142	Office Supplies
181	Office Equipment		Expenses
			511	Wages Expense
Liabilities			512	Advertising Expense
202	Accounts Payable		521	Rent Expense
			525	Phone Expense
Owner’s Equity			526	Transportation Expense
311	Annette Creighton, Capital		533	Utilities Expense
312	Annette Creighton, Drawing		549	Miscellaneous Expense

Creighton Consulting Trial Balance January 31, 20--
Account Title	Account No.	Debit Balance	Credit Balance
Cash	101	9,543.00
Office Supplies	142	300.00
Office Equipment	181	1,490.00
Accounts Payable	202		1,590.00
Annette Creighton, Capital	311		9,500.00
Annette Creighton, Drawing	312	200.00
Consulting Fees	401		1,936.00
Wages Expense	511	680.00
Advertising Expense	512	27.00
Rent Expense	521	500.00
Phone Expense	525	41.00
Transportation Expense	526	185.00
Utilities Expense	533	30.00
Miscellaneous Expense	549	30.00
		13,026.00	13,026.00

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1. Prepare an income statement. Creighton Consulting Income Statement For Month Ended January 31, 20-- %24 1. Prepare an income statement. Creighton Consulting Income Statement For Month Ended January 31, 20-- %24

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