Question
I am looking for the totals for each of the ledger accounts, the totals for each column on the worksheet, which will provide me the
I am looking for the totals for each of the ledger accounts, the totals for each column on the worksheet, which will provide me the totals to compare for the financial reports. Thank you.
The practice set requieres the setting up of the general journal, the general ledger, and the completion of the posting to those accounts, completing the worksheet, the trial balance, the adjustments and finally throught the post closing trial balance, the financial reports as described in the last photograph.
I'm primarily seeking totals so I can tell if I'm headed in the right direction, any help is much appreciated, thank you.
Mini-Practice Set 3 Corporation Accounting Cycle The Orange Company This project wlgive you an opportaniry to apply your knowledge of aciounting principles and pro cedures to a corporation. You will handle the accownting work of The Orange Company for 207 The chart of accounts and account balances of The Orange Company on January 1, 2019, are shown below. The company does nor yse reversing entries. INTRODUCTION Round all computations to the nearest whole dollar INSTRUCTIONS 1. Open the general ledger accounts and enter the balances for January 1, 2019. Obtain the necessary figures from the trial balance. 2. Analyze the transactions below and reord them in the general journal. Use 1 as the number of the first journal page 3. Post the journal entries to the general ledger accounts 4. Prepare a worksheet for the year ended December 31, 2019 5. Prepare a summary income statement for the year eoded December 31, 2019. 6. Prepare a statement of retained earnings for the year ended December 31, 2019. 7. Prepare a balance sheet as of December 31, 2019. 8. Journalize and post the adjusting entries as of December 31. 2019. 9. Journalize and post the closing entries as of December 31, 2019 Analyze: Assume that the firm declared and issued a 3:1 stock split of common st What is the effect on total par valueStep by Step Solution
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