You are to start by completing the Journal, then completing the T-accounts, next make sure the trial balance is correct before completing the Income Statement, the Owner's Equity, and Balance Sheet.

The following information is provided for the first month of operations for Legal Services Inc.:

Step

Transaction

A

The business was started by investing $100,000 in the company .

B

Six months' rent was paid in advance, $4,500.

C

Provided services in the amount of $1,000. Customer "C" will pay at a later date.

D

An office worker was hired. The worker will be paid $275 per week.

E

Received $500 in payment from the customer in step C.

F

Purchased $250 worth of supplies on credit.

G

Received the electricity bill. We will pay the $110 in thirty days.

H

Paid the worker hired in "D" for one week's work.

I

Received $100 from a customer for services we will provide next week.