Instructions

Step 1: The Chart of Accounts includes all of the accounts that you can use to solve your case.

Step 2 Journalizing the Transactions Using your unique transactions record the corresponding general journal entry, rounding to two decimal places, =Round(value,2).

Step 3 Using the Worksheet as a reference,prepare the Income Statement, Statement of Changes in Retained Earnings and the Balance Sheet.

Step 4 Record the closing entries to the Income Summary and then the Retained Earnings accounts.

Chart of accounts: