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5 5 7 8 9 Read ALL instructions before getting started! LO 11 12 13 14 15 16 17 18 19 20 21 22 23
5 5 7 8 9 Read ALL instructions before getting started! LO 11 12 13 14 15 16 17 18 19 20 21 22 23 890 ABC Corporation is a new company that buys and sells office supplies. Business began on January 1, 2021. Given on the first two tabs are ABC's 12/31/21 Unadjusted Trial Balance and a list of needed adjustments. 1. Make all 14 adjustments on the "Adjusting Journal Entries" tab. Remember to include a description under each journal entry. 2. Post the adjustments to the general ledger on the "12-31-21 T-Accounts" tab. You may have to add T-Accounts for new accounts. Link your T-Account entries to your Journal Entries. PLEASE NOTE THAT THE "BB" (BEGINNING BALANCES) FOR THE T-ACCOUNTS REPRESENT THE BALANCES AS OF 12/31/21. 3. Once the 12/31/21 T-Accounts are complete, prepare the Adjusted Trial Balance. There may be some accounts with zero dollars, and you may have to insert lines for new accounts. Link the Adjusted Trial Balance to your T-Accounts. 4. Use the Adjusted Trial Balance numbers to complete the Income S
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