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Prepare adjusting journal entries as you deem necessary. Besides the information provided for adjusting journal entries, review the transactions and review your unadjusted trial balance for any other adjusting journal entries you may need to prepare.
01 / 10 / 2021
Assignment
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- Prepare
journal entries to record each of the following transactions. You do not needto write
explanations below the journal entries.
- Create general
ledger accounts for each account and post each of the journal entries to
an existing general ledger account.
- Prepare
adjusting journal entries as you deem necessary. Besides the information
provided for adjusting journal entries, review the transactions and review
your unadjusted trial balance for any other adjusting journal entries you
may need to prepare.
- Post each of
the adjusting journal entries to the general ledger accounts.
- Prepare
closing entries and post the entries to the general ledger accounts.
- Prepare
trial balances as you deem necessary.
- Prepare the
following financial statements, in their proper format, for the month of
January - Income
statement - Statement
of retained earnings - Balance
sheet - Statement
of Cash Flow