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The company has hired you to provide accounting services for their first two months of business operations. The accounting services you're to provide are as
The company has hired you to provide accounting services for their first
"two" months of business operations.
The accounting services you're to provide are as follows:
From the detailed information on the previous pages, prepare
journal entries in date order using proper form and correct account
names. Note: you may omit explanations.
Post all journal entries to ledger accounts using accounts.
Prepare a Trial Balance as of July
Prepare adjusting entries. Note: you may omit explanations.
Post adjusting entries to the ledger accounts you have adjusted.
Prepare an Adjusted Trial Balance" as of July
Prepare the following using proper format, headings and dates:
a Income Statement for the twomonth period of June through July.
b Retained Earnings Statement for the same month period.
c "Classified" Balance Sheet as of July
Prepare closing journal entries. Note: you may omit explanations.
Post the closing entries to ledger accounts.
Prepare a Trial Balance after closing as of July
VERY IMPORTANT: this is your client; therefore, your work must be
well organized, professional and complete.
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