(Only need income statement, statement of retained earnings, balance sheet, and post-closing trial balance)

Page I PRACTICE SET ACCOUNTING 3341 (5133) FALL 2018 This practice set is intended to refresh your basic accounting skills by requiring you to summarize, and report the results of a basic set of accounting transactions for a sample company. HOW TO PROCEED Enter the current period transactions in the General Journal. Use the journal entry number for each transaction as a reference. It is not necessary to include an explanation for the entries in this problem. 2. Enter the beginning balances for each account in the General Ledger and post the current period journal entries to the accounts in the General Ledger 3. 4. 5. Balance each account in the General Ledger List each account balance on the Unadjusted Trial Balance 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 Eamings, 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 9. Prepare a Post-Closing Trial Balance. each account. 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. 3. Unadjusted Trial Balance-which you will complete prior to making adjusting entries. 4. Adjusted Trial Balance- which you will use to prepare the financial statements 5. Income Statement (Multiple Step)- including Eanings-Per-Share 6. Statement of Retained Earnings. 7. Balance Sheet (Classified). 8. Post-Closing Trial Balance. NOTE: All of the above must be submitted inside this bound workbook and in page number sequence in order to uniformity in the grading proces. If your practice set is submited in any other form, credit will be deducted for failure to follow instructions