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Part 2 will have you correct any mistakes and then complete the project. The remaining parts of the project include preparing the adjusted trial balance,
Part will have you correct any mistakes and then complete the project. The remaining parts of the project include preparing the adjusted trial balance, income statement, statement of retained earnings, balance sheet, closing entries, and postclosing trial balance. December business transactions Dec st Paid December rent of $ with check # Dec. nd Paid $ on Jacksons Inc. invoice from a previously recorded transaction with check # Dec. rd Collected $ from Reynolds Co from a previous engagement in November. Dec th Completed additional work for Auto Plus, sent invoice #Spa for $ due in month. Dec. th Paid employee from work previously expensed in Nov. with payment due Dec. th using check # Dec. th Paid $ to cover all utilities for the month of Dec using check # Dec. th Completed $ worth of work for a repeat customer who pays cash immediately. Dec. th Collected $ from Auto Plus from a previous engagement in Nov. Dec. th Jack Fredrick, the owner, withdrew $ for personal use using check # Dec. th Our employee earned two weeks of pay amounting to $ to be paid Dec. rdemployee took vacation from Dec. thDec. st No pay will accrue Dec. th Completed a large job for Reynolds Co for $ Sent invoice #Spb due Jan. st Dec. nd Collected $ from Reynolds to pay off some of their balance.Dec. md Paid our employee for the work expensed Dec. th using check # Dec. rd Purchased land on a note for $ to be used for construction of a new office building. Land and Notes Payable will have account numbers of and respectively. Dec thDec. st Owner took off the rest of the yearitems. Prepare the Adjusted trial balance. Prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet. Prepare the Closing journal entries and Postclosing trial balance.
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