Chapter 1, Problem 9E

Assume you will start your business on the 1st of April 2021. Undertake market research and prepare a list of possible 20 business transactions relevant to a buss business that will happen during April. Please note these will then be put into a general journal.

Comprehensive On November 30, 2019. Davis Company had the following account balance.     During the month of December, Davis entered into the following transactions:       Required:   a.Prepare generaljournal entries to record the preceding transactions. b.Post to general ledger T accoun c.Prepare a year-end trial balance on a worksheet and complete theworksheet using the following information: (a) accrued salaries at year-end total s1,200; (b) for simplicity, the building and equipment are being depreciated using the straight-line method over an estimated life of 20 yean with no residual value;(c) supplies on hand at the end of the year total $630; (d) bad debts expense for the year totals $830; and (e)the income tax rate is 30%; income taxes are payable in the first quarter of d.Prepare the companis financial statements for 2019. e.Prepare the 2019 (a) adjusting and (b) closing entries in the general journal.

Choose from the following list of terms and phrases to best complete the statement: A(n) ___________ consists of any 12 consecutive months.