?Instructions

The chart of accounts and the post$-$closing trial balance as of September $31,2022$ ?are given. For

each account in the pos$-$closing trial balance, enter the balance in the appropriate Balance

column of the General Ledger. Date the balances September $30,2022,$ ?and place a check mark $f$

$V_{{?}_{?}})$ ?in the Posting Reference column. Journalize each of the October transactions in the journal

provided using Target Company's chart of accounts. $($Do not insert the account numbers in the

journal at this time$).$

Post the journal to the ledger. $($Remember to enter Post References$)$

Prepare an unadjusted trial balance.

At the end of October, the following adjustment data was assembled. Use the data to complete

instructions $(5)$ ?and $(6)$:

Supplies on hand were $$1,400$

Rent expired during the month $$1,700$

Unearned fees at the end of he month was $$2,500$

Insurance expired during the month was $$400$

Accrued salaries payable were $$320$

Depreciation on equipment during the month was $$425$

Optional: Enter the unadjusted trial balance on an end$-$of$-$period spreadsheet$/$worksheet and

complete the worksheet as you continue with the project.

Journalize and post adjusting entries.

Prepare an adjusted trial balance.

Create the closing journal entries and post them to the ledgers. Indicate closed accounts in the

ledger by inserting a line in both of the Balance columns opposite each closing entry.

Prepare an Income Statement, Statement of Owner's Equity, and Balance Sheet. $($Remember to

use correct headings$)$

Prepare the post$-$closing trial balance for October $31,2023.$