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PLEASE HELP. I really dont understand any of this assignment and need help asap DIRECTIONS: A. How would I solve this worksheet? B. How do
PLEASE HELP. I really dont understand any of this assignment and need help asap
DIRECTIONS:
A. How would I solve this worksheet?
B. How do I fill out a general journal? Using the worksheet above
C. How does the general journal information go into the general ledger (the following 3 pages)? please explain in detail.
D. how do i then fill out the income statement?
E. how do i fill out the owner's equity sheet?
F. how do i fill out the balance sheet?
G. how would i find the post-closing trial balance? what data would i enter?
You are to prepare the closing journal entries a the end of the fiscal year, December 31 and post to the closing trial balance. 1. Complete the worksheet 2. Journalize Closing Entries 3. Post to the General Ledgers 4. Prepare a post closing trial balance 5. Prepare Financial Statements (make sure that you review the linkages between the worksheet and the financial statements for their formats. Hint: Review the balance sheet.) Richards Cleanning Services WORKSHEET Balance Sheet 31-May-20 Refer to page 195 for the format of this statement You are to prepare the closing journal entries a the end of the fiscal year, December 31 and post to the closing trial balance. 1. Complete the worksheet 2. Journalize Closing Entries 3. Post to the General Ledgers 4. Prepare a post closing trial balance 5. Prepare Financial Statements (make sure that you review the linkages between the worksheet and the financial statements for their formats. Hint: Review the balance sheet.) Richards Cleanning Services WORKSHEET Balance Sheet 31-May-20 Refer to page 195 for the format of this statementStep by Step Solution
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