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Prepare journal entries for each transaction listed above based on Emma Services's chart of accounts. Use Section I ( a ) : Initial Journal Entries
Prepare journal entries for each transaction listed above based on Emma Services's chart
of accounts. Use Section I a: Initial Journal Entries template.
Post the journal entries to accounts using Section II template.
Enter the unadjusted balance into Section III template the unadjusted trial balance
At the end of August, the following adjustment data were assembled. Prepare the
adjusting journal entries using Section I b: Adjusting Journal Entries template. Then,
post the adjusting journal entries to the Taccounts use the same Taccounts in Question
a Insurance expired during August is RM
b Depreciation of office equipment for August is RM
c Rent expired during August is RM
d Supplies on hand on August are RM
e Unearned fees on August are RM
f Accrued receptionist salary on August is RM
Enter the adjustment data into Section III template the adjustment columns
Prepare an adjusted trial balance as at August using Section III template the
adjusted trial balance
Prepare an income statement, a statement of owner's equity, and a balance sheet using
Section IV templates.
Prepare the closing journal entries using Section I c: Closing Journal Entries and post to
the appropriate account.
Finally, prepare a postclosing trial balance using Section III template the postclosing
trial balance
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