2. Prepare a statement of owner's equity for the month of January, If an amount is zero, enter "0". Creighton Consulting Statement of Owner's Equity For Month Ended January 31, 20-- Annette Creighton, capital, January 1, 20-- v Net income for January x Total investment Annette Creighton, capital, January 1, 20-- X
2. Prepare a statement of owner's equity for the month of January, If an amount is zero, enter "0". Creighton Consulting Statement of Owner's Equity For Month Ended January 31, 20-- Annette Creighton, capital, January 1, 20-- v Net income for January x Total investment Annette Creighton, capital, January 1, 20-- X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Just need the statement of owners equity
![Feedback
V Check My Work
The income statement is the first financial statement that would be created and it includes the revenue
2. Prepare a statement of owner's equity for the month of January. If an amount is zero, enter "0".
Creighton Consulting
Statement of Owner's Equity
For Month Ended January 31, 20--
Annette Creighton, capital, January 1, 20-- v
Net income for January x
Total investment
Annette Creighton, capital, January 1, 20-- x
Feedback
Y Check My Work
The second statement that would be created is the statement of owner's equity which shows the changes
3. Prepare a balance sheet as of January 31, 20--.
Creighton Consulting
Balance Sheet
lanuary 31 20--
Check My Work
All work saved.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4670452e-3a3a-4de2-aa06-f7ae39b146b7%2Faded1220-14ad-45c8-9138-be50156d5c57%2Foq7dppl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Feedback
V Check My Work
The income statement is the first financial statement that would be created and it includes the revenue
2. Prepare a statement of owner's equity for the month of January. If an amount is zero, enter "0".
Creighton Consulting
Statement of Owner's Equity
For Month Ended January 31, 20--
Annette Creighton, capital, January 1, 20-- v
Net income for January x
Total investment
Annette Creighton, capital, January 1, 20-- x
Feedback
Y Check My Work
The second statement that would be created is the statement of owner's equity which shows the changes
3. Prepare a balance sheet as of January 31, 20--.
Creighton Consulting
Balance Sheet
lanuary 31 20--
Check My Work
All work saved.
![Creighton Consulting
Trial Balance
January 31, 20--
Debit
Credit
Account Title
Account No. Balance Balance
Cash
101
10,021.00
Office Supplies
142
300.00
Office Equipment
181
1,500.00
202
1,600.00
Accounts Payable
Annette Creighton, Capital
311
10,000.00
Annette Creighton, Drawing
312
100.00
401
1,860.00
Consulting Fees
Wages Expense
511
720.00
Advertising Expense
512
26.00
Rent Expense
521
500.00
Phone Expense
525
42.00
Transportation Expense
526
185,00
Utilities Expense
533
38.00
Miscellaneous Expense
549
28.00
13,460.00 13,460.00
Check My Work
All work saved.
carch
WAVE ID
JUST
STAND
ORG
pcP
obinsas](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4670452e-3a3a-4de2-aa06-f7ae39b146b7%2Faded1220-14ad-45c8-9138-be50156d5c57%2Fpjocaaf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Creighton Consulting
Trial Balance
January 31, 20--
Debit
Credit
Account Title
Account No. Balance Balance
Cash
101
10,021.00
Office Supplies
142
300.00
Office Equipment
181
1,500.00
202
1,600.00
Accounts Payable
Annette Creighton, Capital
311
10,000.00
Annette Creighton, Drawing
312
100.00
401
1,860.00
Consulting Fees
Wages Expense
511
720.00
Advertising Expense
512
26.00
Rent Expense
521
500.00
Phone Expense
525
42.00
Transportation Expense
526
185,00
Utilities Expense
533
38.00
Miscellaneous Expense
549
28.00
13,460.00 13,460.00
Check My Work
All work saved.
carch
WAVE ID
JUST
STAND
ORG
pcP
obinsas
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