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I would like you to start the adjusting entries starting from letter e-j 5 a EXCEL Summer 18 Fact Set-2 , -s sign Layout References
I would like you to start the adjusting entries starting from letter e-j
5 a EXCEL Summer 18 Fact Set-2 , -s sign Layout References Mailings Review View answered An excel file entitled "ACC 3100 EXCEL S18 Template" has been placed on MOODLE for) to download and save. This file contains multiple worksheet tabs. Czar Incorporated creates accounting games and literature to enhance accounting education and financial literacy. Their business has been quite successful since their incorporation in Jenuary 1, 2016. They recently lost their accountant but luckily they have arranged for a fine student from Oakland University to assist in the closing process. They hav provided you with the unadjusted trial balance for Czar Incorporated as of 12/31/18. The previous accountant recorded all original entries involving cash, etc. during the year. However at year-end the previous accountant would make all necessary adjusting/reclassification journal entries so that the principles of US GAAP were followed. Your task will be to create and record all necessary adjusting, correcting, and reclassification entries so that 2018 financial statements in accordance with US GAAP can be issued. reviewing contracts, agreements, correspondence and discussions with management The below information was discovered by On the designated worksheet, prepare in journal entry form all adjusting and correcting journal entries based on the following information (round all numbers to the nearest dollar). Letter entries to corr spond to the below information and present them in alphabetical order. Add any new accounts as needed to the trial balance. Each entry must be entirely correct to receive allocated points. Before preparing entries, finish the story by flling in the blanks Czar was authorized to issue 3,000,000 shares of $1 par Common Stock but has only issued 520,000 shares of common stock as of 12/31/2018. No new shares were issued during 2018. Focus Balance Sheet Closing Entries
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