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Prepare the journal entries in the general journal

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Reference no: EM13502026

You've just secured a new client in your accounting practice, the Rawls Repair Corporation, (RRC) a brand new small business specializing in bicycle repair. The owner, Rob Rawls, is a terrific cyclist and bike repair specialist, but definitely not an accountant. Your job is to help Rob put his affairs in order. Luckily Rob has only been in operation for a month and things have not gotten too out of hand yet! Rob has to submit his financial statements to his investors and doesn't know where to begin. It's your job to go through the complete Accounting cycle to prepare the financial statements for the RRC.

Requirement

Part A

Prepare the Journal Entries in the General Journal

Post Journal Entries to the General Ledger

Prepare a Trial Balance

Prepare the Adjusting Entries

Post Adjusting Entries to the General Ledger

Prepare an Adjusted Trial Balance

Prepare the Financial Statements

Prepare the Closing Entries

Post Closing Entries to the General Ledger

Prepare the Post Closing Trial Balance

Reference no: EM13502026

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