Problem 4-9A - Part II

1. PR.04.09A.PART.02

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1. eBook
2. Journalizing and Posting Transactions
3. 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:
5. Chart of AccountsAssetsRevenues101Cash401Consulting Fees142Office Supplies181Office EquipmentExpenses511Wages ExpenseLiabilities512Advertising Expense202Accounts Payable521Rent Expense525Phone ExpenseOwner's Equity526Transportation Expense311Annette Creighton, Capital533Utilities Expense312Annette Creighton, Drawing549Miscellaneous Expense
6. Creighton Consulting
7. Trial Balance
8. January 31, 20--Account TitleAccount No.Debit
9. BalanceCredit
10. BalanceCash10110,021.00Office Supplies142300.00Office Equipment1811,500.00Accounts Payable2021,600.00Annette Creighton, Capital31110,000.00Annette Creighton, Drawing312100.00Consulting Fees4011,860.00Wages Expense511720.00Advertising Expense51226.00Rent Expense521500.00Phone Expense52542.00Transportation Expense526185.00Utilities Expense53338.00Miscellaneous Expense54928.0013,460.0013,460.00
11. Required:
12. 1.Prepare an income statement.
13. Creighton ConsultingIncome StatementFor Month Ended January 31, 20--Revenues:
15. Consulting fees
17. $
18. fill in the blank e5f94bfb407901c_3
19. Expenses:
21. Wages expense
23. $
24. fill in the blank e5f94bfb407901c_6
25. Advertising expense
27. fill in the blank e5f94bfb407901c_8
28. Rent expense
30. fill in the blank e5f94bfb407901c_10
31. Phone expense
33. fill in the blank e5f94bfb407901c_12
34. Transportation expense
36. fill in the blank e5f94bfb407901c_14
37. Utilities expense
39. fill in the blank e5f94bfb407901c_16
40. Miscellaneous expense
42. fill in the blank e5f94bfb407901c_18
43. Total expenses
45. fill in the blank e5f94bfb407901c_20
46. Net income
48. $
49. fill in the blank e5f94bfb407901c_22
50. 2.Prepare a statement of owner's equity for the month of January. If an amount is zero, enter "0".
51. Creighton ConsultingStatement of Owner's EquityFor Month Ended January 31, 20--Annette Creighton, capital, January 1, 20--
53. $
54. fill in the blank ac2b52fc5f88feb_2
55. Investments during January
57. fill in the blank ac2b52fc5f88feb_4
58. Total investment$
59. fill in the blank ac2b52fc5f88feb_5
60. Net income for January
62. $
63. fill in the blank ac2b52fc5f88feb_7
64. Less investments during January
66. fill in the blank ac2b52fc5f88feb_9
67. Increase in capital
69. fill in the blank ac2b52fc5f88feb_11
70. Annette Creighton, capital, January 31, 20--
72. $
73. fill in the blank ac2b52fc5f88feb_13
74. 3.Prepare a balance sheet as of January 31, 20--.
75. Creighton Consulting
76. Balance Sheet
77. January 31, 20--AssetsLiabilities
79. $fill in the blank 9a1203fbaf99fc6_2
82. $fill in the blank 9a1203fbaf99fc6_4
85. fill in the blank 9a1203fbaf99fc6_6
86. Owner's Equity
88. fill in the blank 9a1203fbaf99fc6_8
91. fill in the blank 9a1203fbaf99fc6_10
92. Total assets$fill in the blank 9a1203fbaf99fc6_11
93. Total liabilities & owner's equity