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2. Post the journal entries to the accounts in the company's General Ledger. (Use asset, liability, and equity accounts that start with balances as of

2. Post the journal entries to the accounts in the company's General Ledger. (Use asset, liability,
and equity accounts that start with balances as of December 31, 2020.)
3. Prepare a partial work sheet consisting of the first six columns showing the unadjusted trial
balance, the March 31 adjustments described in (a) through (g) below, and the adjusted trial
balance. Do not prepare closing entries and do not journalize the adjusting entries or post them to
the ledger.
a. The March 31 computer supplies on hand is $1,075.
b. Three more months have passed since the company purchased the annual
insurance policy at the cost of $14,400.
c. Anne Stafford has not been paid for 11 days of work.
d. Three months have passed since any prepaid rent cost has been transferred to
expense. The monthly rent is $1,980.
e. Depreciation on the computer equipment for January through March is $1,440.
f. Depreciation on the office equipment for January through March is $990.
g. The March 31 inventory of merchandise is $3,060.
4. Prepare an interim single-step income statement for the three months ended March 31, 2021.
List all expenses without differentiating between selling expenses an general and administrative
expenses.
5. Prepare an interim statement of changes in equity for the three months ended March 31, 2021.
6. Prepare an interim classified balance sheet as of March 31, 2021.

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