11:51 Case - Kodiak instructions and trans... ACC 1170 Kodiak Enterprises Case Study Value: This is worth 10% of your final grade in ACC 1170 Part 1 (5%) Due: July 12, 2020 @ 11:30 p.m. Complete the following 1. Review the opening account balances in the ledger accounts provided. Account names, numbers, and opening balances have been entered into the ledger accounts. 2. Enter the following transactions for May in the general journal and post to the ledger accounts. 3. Prepare a trial balance based on your ledger accounts and compare it to the check-sums provided with this assignment. Correct any ledger and journal errors you may have found. The transactions and postings in your accounts must match the totals from the check sums. If you only correct the trial balance, you will lose marks. 4. Transfer the now corrected ledger balances from Step = 3 into the Unadjusted Trial Balance columns of the provided 10 column worksheet and complete the worksheet using the following information for your adjusting entries. Ending merchandise Endine applies in Ending upplies Estimated monthly depreciation of Estimated monthly depreciation of office equipment Expired insurance Rank Service charges for May Overall fee for when your cash content given 5125 May Interested in the month of May If you need additional ledger accounts, there is a page of blank ledgers at the end of ledgers so that you can add the additional accounts. Do no worry that the new account(s) are not in correct order. Be sure to give the account(s) appropriate account numbers. 5. Prepare a May classified, multiple-step income statement, a May statement of owner's equity, and a May 31 classified balance sheet. 6. Prepare and post adjusting and closing entries (omit explanations) 7. Prepare a post-closing trial balance. Also prepare a list of the outstanding Accounts Receivable and Accounts Payable All of your work must be neat, easy to read, in correct order and format, on the correct forms. . You can complete this case in Excel, Word, or paper pencil. Dashboard Calendar To-do Notifications Inbox 11:51