III. Short Exercises

1) Create ledger accounts for the items in the following adjusting journal entries and post the entries to the ledger accounts.

2) Using the unadjusted trial balance below and the ledger accounts from the previous exercise, prepare and adjusted trial balance.

1) Create ledger accounts for the items in the following adjusting journal entries and post the entries to the ledger accounts. (Points: 40) 2) Using the unadjusted trial balance below and the ledger accounts from the previous exercise, prepare and adjusted trial balance. (Points: 40)