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1. Prepare a trial balance.

2. Prepare an income statement.

3. Prepare a statement of owner's equity for the month of January. If an amount is zero, enter "0".

4. Prepare a balance sheet as of January 31, 20--.

Annette Creighton opened Creighton Consulting on January 1. She rented a small office and paid a part-time worker to answer the telephone and make deliveries. A chart of accounts and an alphabetic listing of ledger balances 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
Owners Equity			526	Transportation Expense
311	Annette Creighton, Capital		533	Utilities Expense
312	Annette Creighton, Drawing		549	Miscellaneous Expense

Accounts Payable	$1,600
Advertising Expense	26
Annette Creighton, Capital	10,000
Annette Creighton, Drawing	100
Cash	10,021
Consulting Fees	1,860
Miscellaneous Expense	28
Office Equipment	1,500
Office Supplies	300
Rent Expense	500
Telephone Expense	42
Transportation Expense	185
Utilities Expense	38
Wages Expense	720

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