Long Term Bonds Mini-Practice Set 3 Corporation Accounting Cycle The Orange Company an oy to apply yowr kwowledye ofarcounting principles and pro cedures to a corporation Yow wil nlle the accoring work of The Orange Co The chart of accounts and account balances of The Orange Company on Janua below The company does nov yse reversing entries ry 1, 2019, are shown INTRODUCTION Round all computations to the nearest whole dollar INSTRUCTIONS 1. Open the general ledger accounts and enter the balances for lawary Il , 2019. Obiain the necessary ligures from the trial balance 2. Analyze the transactions below and reoord them in the generat journal. Use I as the numher of the first journal page 3. Post the jounal entries to the general ledger accounts 4. Prepare a wurksheet for the year ended December 31, 2019 5. Prepare a sumemary income statement for the year coded December 31, 2019 6. Prepare a statement of retained earnings for the year ended December 31, 2019. 7. Prepare a balance sheet as of December 31, 2019 8. Journalize and post the adjusting cotries as of December 31, 2019 9. Journalize and post the closing entries as of December 31, 2019 Analyze: Assume that the firm declared and issued a 3.1 sock splis of common stock in 2019 what is the effect total par value? Long Term Bonds Mini-Practice Set 3 Corporation Accounting Cycle The Orange Company an oy to apply yowr kwowledye ofarcounting principles and pro cedures to a corporation Yow wil nlle the accoring work of The Orange Co The chart of accounts and account balances of The Orange Company on Janua below The company does nov yse reversing entries ry 1, 2019, are shown INTRODUCTION Round all computations to the nearest whole dollar INSTRUCTIONS 1. Open the general ledger accounts and enter the balances for lawary Il , 2019. Obiain the necessary ligures from the trial balance 2. Analyze the transactions below and reoord them in the generat journal. Use I as the numher of the first journal page 3. Post the jounal entries to the general ledger accounts 4. Prepare a wurksheet for the year ended December 31, 2019 5. Prepare a sumemary income statement for the year coded December 31, 2019 6. Prepare a statement of retained earnings for the year ended December 31, 2019. 7. Prepare a balance sheet as of December 31, 2019 8. Journalize and post the adjusting cotries as of December 31, 2019 9. Journalize and post the closing entries as of December 31, 2019 Analyze: Assume that the firm declared and issued a 3.1 sock splis of common stock in 2019 what is the effect total par value