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Prepare journal entries to record each of the following transactions. You do not needto write explanations below the journal entries.

05 / 03 / 2018 Assignment

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  1. Prepare
    journal entries to record each of the following transactions. You do not needto write
    explanations below the journal entries.
  1. Create general
    ledger accounts for each account and post each of the journal entries to
    an existing general ledger account.
  1. 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.
  1. Post each of
    the adjusting journal entries to the general ledger accounts.
  1. Prepare
    closing entries and post the entries to the general ledger accounts.
  1. Prepare
    trial balances as you deem necessary.
  1. 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

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