1. Record transactions from August 1 through December 31.

2. Record adjusting entries as of December 31, 2012.

3. Post transactions from August 1 through December 31 and adjusting entries on December 31 to T-accounts

4.Prepare an adjusted trial balance as of December 31, 2012.

5-a. For the period July 1 to December 31, 2012, prepare an income statement

5-b. For the period July 1 to December 31, 2012, prepare an statement of stockholders equity. All account balances on July 1 were zero.

5-c. Prepare a classified balance sheet as of December 31, 2012.

6. Record closing entries as of December 31, 2012.

7. Post the closing entries of retained earnings to the T-accounts.

8. Prepare a post-closing trial balance as of December 31, 2012.

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