Exercises Prepare the journal entries, adjusting entries, T- accounts, trial balance, balance sheet & income statement 12 Am Am www.dowy Setul de IT 3.221 Alle Required: Joumalize the September transactions and the adjusting entries. (completed in class solution below) Prepare the T-accounts c. Prepare a trial balance at September 30. 4. Close the Revenues and Expenses accounts to Net Income and then, close Net Income to Retained Earnings account. . Prepare an income statement and a balance sheet at September 30. Note: The beginning balances of September 1 for each account should be added first in the T-Account, then you add the other values coming from journal entries. Example: Cash Account Canh XXX XXX Tinta Exercises Prepare the journal entries, adjusting entries, T- accounts, trial balance, balance sheet & income statement 12 Am Am www.dowy Setul de IT 3.221 Alle Required: Joumalize the September transactions and the adjusting entries. (completed in class solution below) Prepare the T-accounts c. Prepare a trial balance at September 30. 4. Close the Revenues and Expenses accounts to Net Income and then, close Net Income to Retained Earnings account. . Prepare an income statement and a balance sheet at September 30. Note: The beginning balances of September 1 for each account should be added first in the T-Account, then you add the other values coming from journal entries. Example: Cash Account Canh XXX XXX Tinta