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instructions (a) Enter the August 1 balances in the ledger accounts. (Use Taccounts.) {b} Journalize the August transactions. (c) Post to the ledger accounts. B&B's
instructions (a) Enter the August 1 balances in the ledger accounts. (Use Taccounts.) {b} Journalize the August transactions. (c) Post to the ledger accounts. B&B's chart of accounts includes Prepaid Advertising. Interest Receivable, Service Revenue. Interest Revenue, Advertising Expense, Depreciation Expense. Supplies Expense, Salaries and Wages Expense. and Rent Expense. {d} Prepare a trial balance at August 31. (e) Journalize and post adjusting entries. (f) Prepare an adjusted trial balance. (9} Prepare an income statement and a retained earnings statement for August and a classied balance sheet at August 31. {h} Journalize and post closing entries and complete the closing process. (i) Prepare a post-closing trial balance at August 31
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