You are to prepare the closing journal entries a the end of the fiscal year, December 31 and post to the closing trial balance. 1. Complete the worksheet 2. Journalize Closing Entries 3. Post to the General Ledgers 4. Prepare a post closing trial balance 5. Prepare Financial Statements (make sure that you review the linkages between the worksheet and the financial statements for their formats. Hint: Review the balance sheet.) WORKSHEET ++ GENERAL LEDGER Cash GENERAL LEDGER GENERAL LEDGER Income Statement Owner's Equity 31-May-20 Balance Sheet 31-May-20 Refer to page 195 for the format of this statement You are to prepare the closing journal entries a the end of the fiscal year, December 31 and post to the closing trial balance. 1. Complete the worksheet 2. Journalize Closing Entries 3. Post to the General Ledgers 4. Prepare a post closing trial balance 5. Prepare Financial Statements (make sure that you review the linkages between the worksheet and the financial statements for their formats. Hint: Review the balance sheet.) WORKSHEET ++ GENERAL LEDGER Cash GENERAL LEDGER GENERAL LEDGER Income Statement Owner's Equity 31-May-20 Balance Sheet 31-May-20 Refer to page 195 for the format of this statement