Fall 2017-ACC 101-Continuing Problem-page 280 Comprehensive Problem- Handout) Instructions 1. Write in the opening balances listed in each ledger account. 2. Prepare the journal entries in the Journal for the transactions for the month of May 3. !!!! Please make sure your journal entries are correct before you continue!!!! 4. Post all the journal entries to the individual appropriate general ledger account 5. Calculate the balance for each ledger account. 6. Prepare an unadjusted trial balance. The unadjusted trial balance must balance before you can NCE Prepare the adjusting journal entries in the Journal. The information necessary to prepare the 7. adjusting journal entries in included Instruction # 4 8. Post the adjusting journal entries (Chapter 3) to the individual appropriate general ledger accounts. 9. Calculate the new balances in each ledger account. 10. Prepare an Adjusted Trial Balance. The adjusted trial balance must balance before you can 11. Based on the Adjusted Trial Balance, prepare the Multiple-step Income Statement (example on page page 245), Retained Earnings Statement (example on page 248) and Balance Sheet (example on page 249). 12. Prepare the closing entries for all the revenue, expense and the dividend accounts. 13. Post the closing entries (Chapter 4) to the appropriate general ledger accounts and calculate the nev balances in each affected account. 14. Prepare a post-closing trial balance. The end! The completed problem is due on for this class. ,2017. This project ispoints of your final grade