Identify and analyze each of the preceding transactions

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1. Identify and analyze each of the preceding transactions.

2. Prepare a list of accounts and their balances for Moonlight Bay at January 31, 2012. Reflect the recurring transactions for the month of January but not the necessary month-end adjustments.

3. Identify and analyze the necessary adjustments for each of the following:

3a. Depreciation of the house

3b. Depreciation of the furniture

3c. Interest on the promissory note


4. Prepare in good form the following financial statements:

4a. Income statement for the month ended January 31, 2012

4b. Balance sheet at January 31, 2012

Reference no: EM13495289

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