Journalize the adjusting entries and prepare a post-closing

Assignment Help Accounting Basics

Reference no: EM133360805

Required:

1. For each account listed in the unadjusted trial balance, enter the balance in a T account. Identify the balance as "Bal."

3.
a. Journalize the adjusting entries on page 10 of the journal. Adjusting entries are recorded on June 30.
b. Post the adjusting entries. In the T accounts, identify the adjustments by "Adj." and the new balances as "Adj. Bal." (Be sure to add a posting reference to the journal.)

4. Prepare an adjusted trial balance.

5. Prepare an income statement, a statement of owner's equity, and a balance sheet.*

6.
a. Journalize the closing entries on page 11 of the journal.
b. Post the closing entries. In the T accounts, identify the closing entries by "Clos." (Be sure to add a posting reference to the journal.)

7. Prepare a post-closing trial balance.

Reference no: EM133360805

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