The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts

Note: You must complete parts $1,2,3,4,6,7$ and $8$ before completing part $9.$ Part $5$ is optional,

Part $9$: Prepare the closing entries below. Then, using the attached spreadsheet from part $2,$ post the entries to your general ledger. If an amount box does not require an entry, leave it blank.

Comprehensive Problem

Part $8$:

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.

NOTE: You must complete parts $1,2,3,4,6$ and $7$ before completing part $8.$ Part $5$ is optional.

Prepare an income statement

Prepare a balance sheet.

Comprehensive Problem $1$

Part $10$:

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts.

Note: You must complete parts $1,2,3,4,6,7,8$ and $9$ before completing part $10.$ Part $5$ is optional.

Prepare a post$-$closing trial balance. If an amount box does not require an entry, leave it blank.