Complete the following steps in the order given.

Analyze each of the following transactions for Celebrity Consultants for the firm's first month of

business $($January $1-31)$

Record the transactions noted below in the General Journal

Note: Use the account titles and numbers in the chart of accounts provided and round all

calculations to the nearest whole dollar.

Post the transactions to the General Ledger accounts.

Prepare a $10-$column worksheet using your knowledge of what has taken place during January to

prepare an Unadjusted Trial Balance.

Record all adjusting entries necessary at January $31$ in General Journal. Post January $31$

adjustments to General Ledger accounts & update the $10-$column worksheet by recording in

adjustment column.

Prepare Adjusted Trial Balance by updating the $10-$column worksheet.

Prepare Financial Statements in proper form:

a$.$ Income Statement

b$.$ Statement of Retained Earnings

c$.$ Balance Sheet

Note: Blank statements are not provided, you may use a spreadsheet program to prepare the

required statements.

Record journal entries to close Temporary Accounts $($Revenue$,$ Expenses, Income Summary$)$ and

post to General Ledger Accounts.

Prepare a Post$-$closing Trial Balance $($Blank form not provided, you may use spreadsheet program

to prepare$).$