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Required: 1) Prepare the costing chart using the MWA method for May. 8 marks 2) Prepare the Journal Entries for May and post them
Required: 1) Prepare the costing chart using the MWA method for May. 8 marks 2) Prepare the Journal Entries for May and post them to the correct ledger. 5 marks 3) Reconcile the bank account for May 30, 2018. Prepare the necessary journal entries. 10 marks 4) Prepare the necessary adjusting entries for May 30, 2018. Including the receivables adjustment. 5 marks 5) Prepare a Multi-step Income Statement for January 1, 2021 - May 31, 2021. 8 marks 6) Close the temporary accounts and post them to the ledger. 6 marks 7) Prepare a Classified Balance Sheet as of May 30, 2021. 8 marks A general ledger and an adjusted trial balance page has been added to assist you in this case but will not be marked.
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