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2. Prepare the journal entry (debit-credit format) to record the above transactions. Use only the accounts listed on the chart of accounts given below. 3.

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2. Prepare the journal entry (debit-credit format) to record the above transactions. Use only the accounts listed on the chart of accounts given below. 3. Fill up the relevant forms based on the answer in 1a. Format of the forms are provided below. Reproduce the necessary forms. Follow the numbering instructions. 4. Based on your answer in 1b, record the transactions in the appropriate journals. Formats are also provided below. 5. Post the journal entries in the appropriate subsidiary ledgers and general ledger accounts.Formats are also provided below. 6. Summarize the ledger accounts and list the balances on the trial balance. 7. Record the following adjusting entries. a. Accrual of one month rent b. One month depreciation of laptop computer. Estimated life is 5 years. Note: The teacher has the option to instruct the c. Accrue employee salary, P 7,000 learners to perform requirement 1. The other 8. Prepare the financial statements from the trial balance. alternative is to give these information to the learners and just go straight to the succeeding 9. Prepare necessary closing entries and record on the general journal and ledger. requirements. 10. Perform financial statement analysis on the completed financial statements

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