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Blue's Computers and Consulting, Inc. Blue's Computers and Consulting, Inc. (BCC) was organized in January 2018 to provide computer repair and consulting services to the

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Blue's Computers and Consulting, Inc. Blue's Computers and Consulting, Inc. (BCC) was organized in January 2018 to provide computer repair and consulting services to the world at large. While Mr. Blue is a computer genius, he does not have a very good understanding of accounting. Blue has asked you to keep his accounting records for him. While Blue is a high-tech guy, he still understands the need to use the old-fashioned method of accounting - ledger, paper and pencil. Here are the schedules and statements Blue has asked you to prepare for January 2018: 1. General Journal 2. General Ledger 3. Trial Balance Worksheet 4. Balance Sheet 5. Income Statement 6. Statement of Retained Earmings Your accounting background has made you aware of the following procedures(s) will be the best choice for completing the project. 1. Record each transaction in the General Journal using properly formatted journal 2. 3. entries including explanations. Post the routine journal entries to the general ledger before recording the end of the month adjusting journal entries. Prepare an unadjusted trial balance on the Trial Balance Worksheet. 4. Analyze the need for end-of-period adjusting entries by reviewing the end-of- 5. Post the adjusting entries to the Trial Balance Worksheet and prepare an adjusted 6. Prepare the financial statements noted above in accordance with generally 7. Prepare closing entries in the General Journal and post all of the adjusting and month information attached herein. trial balance. accepted accounting standards. closing entries in to in the general ledger

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