Reference no: EM13662368

1 Based on the information given, complete the trial balance as at 30 November 2014 and show your calculations.
2 Record the transactions on page 2 for December 2014 as journal entries and adjusting journal entries. Narrations explaining the journal entries are not required, but you may include them if you wish.
3 Prepare (a) the General Ledger T accounts for December 2014 and (b) the trial balance as at 31 December 2014. The General Ledger T accounts should follow the following sequence: Asset accounts first, followed by Liability accounts, followed by Equity accounts (Capital, Revenue, Expenses). When you prepare the General Ledger T accounts, please ensure you bring the "Balance c/d" numbers from the November T accounts as the starting point for the December T accounts.
4 Prepare the Income statement for Emma's Bakery for the two months ending 31 December 2014 (i.e., November and December). Please show EBIT and NPBT.
5 Prepare the Balance Sheet as at 31 December 2014.