Here is a simple exercise to make sure that you have a basic understanding of how to create simple financial statements. You will be creating a set of three financial statements, in order, handwritten, for the one month ended January 31, 2023 (Ignore the "201x"). You can assume that this is a new company, started January 1, 2023, and that there are not yet any retained earnings or accumulated depreciation, though there have been dividends (after one month - nice investment! ). We will not be doing the Statement of Cash Flows at this time.

How to be successful:

• Write the correct headings (Who, What, When)
• Write the correct dates and time periods
• Use proper capitalization and spelling
• Write legibly
• Use proper indenting
• Use the proper accounts on the proper statements
• Use the Classified Balance Sheet approach (separate Assets and Liabilities into Current, etc.) This assignment uses the Report-Form Balance Sheet, where the Assets are listed on the top, and the Liabilities and Stockholders' Equity (note the correct spelling here) are on the bottom.
• Calculate correctly Here is the data for this assignment.

One important note: If you have more than one Revenue account or more than one Liability account, you also need to add a line with a total, e.g., "Total Revenues" and the amount.