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You will complete the accounting cycle for Travel Trailers. You will complete the following: Journalize transactions for June 2012 Post the June 2012 transactions
You will complete the accounting cycle for Travel Trailers. You will complete the following: Journalize transactions for June 2012 Post the June 2012 transactions to the general ledger (T accounts) Take off a trial balance as of June 2012 SEP Journalize the adjusting entries Complete the 8 column worksheets Prepare a formal income statements Prepare a formal balance sheet Journalize the closing entries Post the closing entries (income summary, capital, drawings, etc.) to the ledger (T accounts) Create a post closing trial balances as of June 2012 The tasks can be broken up into 3 phases: Phase 1: Journalize transactions, post to general ledger (T accounts), take off a trial balance. Phase 2: Adjusting entries (journalize), complete 8 column worksheet, formal income statement and balance sheetsip Phase 3: Closing entries (journalize and post to ledger), complete the post closing trial balance
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