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HELP PLEASE! Comprehensive Problem 1 i Saved He 1 Kitty Canary is a photographer who has started a new photography business. On December 1, 2018,
HELP PLEASE!
Comprehensive Problem 1 i Saved He 1 Kitty Canary is a photographer who has started a new photography business. On December 1, 2018, Kitty decided to incorporate under the name Greater Allegheny Photography. Kitty has hired you to provide accounting services for the company. Read the instructions at the top of each tab. Prepare the required journal entries for the month of December, the necessary adjusting entries and closing entries as of December 31, and complete set of financial statements, to include all proper labels Show less 50 points Requirement Ledger Trial Balance Income St Balance Sheet Journal Earnings 01:58:38 Requirement: General Journal tab: Kitty Canary is a photographer who has started a new photography business. On December 1, 2018, Kitty decided to incorporate under the name Greater Allegheny Photography. Kitty has hired you to provide accounting services for the company. Transactions 1-11: Prepare journal entries to record transactions for the first month in business. eBook References General Ledger tab: Entries are posted automatically to the general ledaer. Abnormal balances are indicated in brackets. Review the general ledger accounts for normal balances. Trial balance tab: Use the dropdown button to review the unadjusted, adjusted, or post-closing trial balance. Review for normal ending balances. Income statement tab: Select the financial statement elements and accounts properly included on the income statement. Statement of retained earnings tab: Select the proper label for each value appearing on the statement of retained earnings. Make sure the ending balance agrees with the general ledger balance. Balance sheet tab: Select the financial statement elements and accounts properly included on the balance sheet. The balances automatically populate from the trial balance selected General Journal> Requirement Kitty Canary is a photographer who has started incorporate under the name Greater Allegheny Photography. Kitty has hired you to provide accounting services for the new photography business. On December 1, 2018, Kitty decided to r, the sary adjusting entries and closing entries as of December 31, and a complete set of financial statements, to include all proper labels. Show less A General Journal General St of Ret Trial Balance Balance Sheet Requirement Income St Ledger Earnings General Journal tab: Transactions 1-11: Prepare journal entries to record transactions for the first month in business. Transactions 12-15: Prepare the required adjusting entries (use information from the unadjusted trial balance to calculate the required adjustments). Transactions 16-19: Prepare the necessary closing entries. Show lessA View transaction list Journal entry worksheet 19 1 2 3 4 6 7 8 ..... On December 1, Greater Allegheny Photography issued 10,000 shares of common stock to Kitty Canary in exchange for $40,000 cash. Note: Enter debits before credits. View transaction list Journal entry worksheet 19 2 4 7 3 8 On December 1, Greater Allegheny Photography issued 10,000 shares of common stock to Kitty Canary in exchange for $40,000 cash Note: Enter debits before credits. Date Debit Credit Account Title Dec 01 Clear entry Record entry View general journal
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