Prepare the general journal entries for the year

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Reference no: EM132707701

Problem 1: Prepare the accounting records by doing the following:

1. Set up the Chart of Accounts.

2. Prepare the cash reconciliation for May 31# 2016.

3. Prepare the General Journal entries for the year (summary entries can be used, for instance all sales made in the year can be recognized in one journal entry). Each General Journal entry should have an explanation under it.

4. Post all transactions to the T-accounts.

Reference no: EM132707701

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