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of a sample company HOW TO PROCEED 1. Enter the current period transactions in the General Journal. Use the journal entry for each 2. Enter

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of a sample company HOW TO PROCEED 1. Enter the current period transactions in the General Journal. Use the journal entry for each 2. Enter reference. for each account in the General and the entries in this problem. current period journal beginning not explanation for entries to the accounts in the General Ledger. 3. Balance each account in the General Ledger. List each account balance on the Unadjusted Trial Balance. 5. Record the adjusting entries in the General Journal. Post the adjusting entries to the General Ledger and re- balance each account. 6. List each account balance on the Adjusted Trial Balance. 7. Prepare a multiple-step Income Statement, a statement of Retained Earnings, and a classified Balance Sheet. 8. Record the year-end closing entries in the General Journal, post them to the General Ledger, and re-balance each account. 9. Prepare a Post-Closing Trial Balance. REQUIREMENTS COMPLETE THE FOLLOWING FOR THE PERIOD CURRENTLY ENDED: 1. General Journal should include current period entries, adjusting entries and closing entries. 2. General Ledger with all journal entries appropriately posted. Unadjusted Trial Balance which you will complete prior to making adjusting entries. Adjusted Trial Balance which you will use to prepare the financial statements. Income Statement (Multiple Step) including Earnings-Per-Share. Statement of Retained Earnings. Balance Sheet (Classified). Post-Closing Trial Balance. TE: All of the above must be submitted inside this bound workbook and in page number sequence in order insure in the grading process. If your practice set is submitted in any other form, be deducted for credit wil failure to follow instructions

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