Question
How would the T accounts be set up ? ns ruc Ions using the information that you have gathered and the adjusted trial balance from
How would the T accounts be set up
ns ruc Ions using the information that you have gathered and the adjusted trial balance from December. plus the new intormaton above. do the lollowng: (a) Answer Natalie's questions. (b) Prepare and post the January 2024 transactions (set up ledger accounts based on the December 91 post-closing trial balance). (c) Prepare a trial balance. (d) Prepare and post the adjusting journal entries required. (e) Prepare an adjusted balance. (t) Prepare a multiple-step income statement and retained earnings s'atemont the rnonth ended January 2024. (9) Prepare a classified balance Sheet as Of January 31. 2024 (Recall that the note payable and related interest are to be repaid in November ot 2025.) (c) Totals (I) Net incorne (g) Total assets 12.434 2,180 8,414
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