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there is a newly established SERVICE COMPANY as of Jan 01, 2015. You will assume that some capital from shareholders, and some loan from the
there is a newly established SERVICE COMPANY as of Jan 01, 2015.
- You will assume that some capital from shareholders, and some loan from the creditors to be registered to the Journal
- During the month you will consider 15 more economic events (including 2 prepaid expenses, 1 accrued expense, 1 unearned revenues, 1 accrued revenue) to be registered to the Journal.
- Post the above 17 entries (2 entries are according to article 1 and 15 entries are according to art 2) to the Ledger.
- At the end of January,
- Prepare Trial Balance
- Record Adjusting Entries
- Prepare Adjusted Trial Balance
- Prepare Income Statement
- Prepare Retained Earnings Statement
- Prepare Balance Sheet
- Prepare 6 Ratio Analysis by utilizing your Balance Sheet and Income Statement,
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