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Action Plan a.) Create a journal entry for all the transactions. b.) Prepare a general ledger and trial balance for all transactions Conditions & Constraints:
Action Plan a.) Create a journal entry for all the transactions. b.) Prepare a general ledger and trial balance for all transactions Conditions \& Constraints: Under the following circumstances. Transactions occur only once (unless otherwise indicated). - The accounting period is from January 1, 2021 until December 31,2021 - Baker's bikes records cost-of-good sold under the FIFO method. - Assets unless otherwise indicated should be amortized under straight-line amortization. - All the types of bikes can be recorded as bikes. - Unless specified on account all transactions are in cash
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