Question: The completed work sheet for Oliver Tour Company as of December 31 is presented in your Working Papers or in CengageNow, along with the general

The completed work sheet for Oliver Tour Company as of December 31 is presented in your Working Papers or in CengageNow, along with the general ledger as of December 31 before adjustments.

Required

1. Write the name of the owner, S. Oliver, in the Capital and Drawing accounts.

2. Write the balances from the unadjusted trial balance in the general ledger.

3. Journalize and post the adjusting entries.

4. Journalize and post the closing entries in the correct order.

5. Prepare a post- closing trial balance.

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Oliver Tour Company Work Sheet For Year Ended December 31 20 x TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 482700 Office Supplies 36000 c 8200 Office Equipment 404200 Accum D... View full answer

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