Requirements: Hint: Use Kelly Consulting the illustration problem, which starts on page 177, as your guide. 1. Analyze and record journalize) the January transactions in the General Journals on page 1 - 2 Include the date, account title and the amounts in the debit and credit columns. Use the titles from your chart of accounts. Leave a space between each journal entry. Proper technique required throughout. 2. Transfer (post) the transactions from the journals to the ledgers. 3. Prepare an end of the period worksheet: a. b. c. d. e. Prepare an unadjusted trial balance on the worksheet Prepare the adjusting entries on the worksheet Prepare the adjusted trial balance Extend the worksheet to prepare the income statement and the balance sheet. Prepare the formal financial statements from the worksheet (in the following order): i. 'Income Statement ii. Statement of Owner's Equity ii. Balance Sheet 4. Journalize the adjusting entries on page 4 and post to the ledgers 5. Journalize the closing entries on page 5 and post to the ledgers 6. Prepare the post closing trial balance 7. Calculate the required ratio analysis. MacBook Air F7 F8 F10 5 Requirements: Hint: Use Kelly Consulting the illustration problem, which starts on page 177, as your guide. 1. Analyze and record journalize) the January transactions in the General Journals on page 1 - 2 Include the date, account title and the amounts in the debit and credit columns. Use the titles from your chart of accounts. Leave a space between each journal entry. Proper technique required throughout. 2. Transfer (post) the transactions from the journals to the ledgers. 3. Prepare an end of the period worksheet: a. b. c. d. e. Prepare an unadjusted trial balance on the worksheet Prepare the adjusting entries on the worksheet Prepare the adjusted trial balance Extend the worksheet to prepare the income statement and the balance sheet. Prepare the formal financial statements from the worksheet (in the following order): i. 'Income Statement ii. Statement of Owner's Equity ii. Balance Sheet 4. Journalize the adjusting entries on page 4 and post to the ledgers 5. Journalize the closing entries on page 5 and post to the ledgers 6. Prepare the post closing trial balance 7. Calculate the required ratio analysis. MacBook Air F7 F8 F10 5