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Using the unique series of business transactions (data) please manually record the transactions by constructing general journal and general ledger, prepare balance day adjustments, closing
Using the unique series of business transactions (data) please manually record the transactions by constructing general journal and general ledger, prepare balance day adjustments, closing entries, financial statements (income statement, statement of changes in equity, balance sheet) and the 10-column worksheet.
Please use the format below for the 10 column worksheet
Proprietor: Ms. Trendy Wendy Name: Muscle Up Description: Gymnasium Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2019. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely gym fees, squash fees and membership fees. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially. - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on 1 June. - Round your calculations to the nearest dollar. Proprietor: Ms. Trendy Wendy Name: Muscle Up Description: Gymnasium Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2019. - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely gym fees, squash fees and membership fees. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially. - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on 1 June. - Round your calculations to the nearest dollarStep by Step Solution
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