Record the amounts in their proper debit or credit positions

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Reference no: EM132476391

The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2019, its first month of operation. Findlay Consultants Corp. Trial Balance At January 31, 2019 Acct. Account Balances No. Account Debits Credits

210 110 610 101 320 183 182 236 631 641 160 420 654 656 226 668 669 184 370 677

Accounts payable Accounts receivable Advertising expense Cash Common stock Equipment Furniture Utilities payable Insurance expense Maintenance expense Prepaid advertising Fees earned Rent expense Salaries expense Salaries payable Supplies expense Telephone expense Truck Truck operating expense Wages expense

$ 9,000 150 2,000 200 300 9,500 350 125 9,000 $ 3,625 7,000 4,000 1,000 250 400 2,600 1,500 750 1,500

Required:

Question 1. Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions. Re-add total debits and credits and ensure they are equal. Assume all accounts have normal balances.

Question 2. Prepare an income statement and statement of changes in equity for the month ended January 31, 2019.

Question 3. Prepare a balance sheet at January 31, 2019.

Reference no: EM132476391

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