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On December 1, 2022, you were hired as the assistant accountant for Dan's Diamonds Ltd., a small company located in Winnipeg Manitoba. The owner of

On December 1, 2022, you were hired as the assistant accountant for Dan's Diamonds Ltd., a small company located in Winnipeg Manitoba. The owner of the company, Dan Drew, opened the company one year ago and hired Linda, an in house accountant/manager to look after the bookkeeping and help with the finances. Dan hired you to help Linda because of your training and wanted you to take over the bookkeeping while Linda starts more of the store management for him. It is now December 28 and Dan came to you today at lunch time and told you that Linda is sick and unable to come to work. He needs you to help get the financial records ready to send to the auditor. He gave you the opening trial balance and a list of the transactions for December that related to the sales and operations. He also gave you information for accruals and other items that need to be posted before the books are completed for the year. After finishing your lunch you head back to your office to complete the tasks ahead of you. Required: A B C D E F Record the transactions for the month of December using proper journal entries Using the journal entries, record T accounts for all accounts Record the adjusting entries for the year at December 31 Complete the T accounts with the adjusting entries Create the final trial balance Create the balance sheet, income statement, statement of changes in equity, and the cash flow statement using proper form 2512 O2220222 O 36 193 2 Tele
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On December 1, 2022, you were hired as the assistant accountant for Dan's Diamonds Ltd., a small company located in Winnipeg Manitoba. The owner of the company, Dan Drew, opened the company one year ago and hired Linda, an in house accountant/manager to look after the bookkeeping and help with the finances. Dan hired you to help Linda because of your training and wanted you to take over the bookkeeping while Linda starts more of the store management for him. It is now December 28 and Dan came to you today at lunch time and told you that Linda is sick and unable to come to work. He needs you to help get the financial records ready to send to the auditor. He gave you the opening trial balance and a list of the transactions for December that related to the sales and operations. He also gave you information for accruals and other items that need to be posted before the books are completed for the year. After finishing your lunch you head back to your office to complete the tasks ahead of you. Required: A Record the transactions for the month of December using proper journal er B Using the journal entries, record T accounts for all accounts C Record the adjusting entries for the year at December 31 D Complete the T accounts with the adjusting entries E Create the final trial balance Create the balance sheet, income statement, statement of changes in equit cash flow statement using proper form

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