Chapter 11, Problem 2CACR

(a)

To determine

Record the journal entries and adjusting entries in books during 2017.

(d)

To determine

Record the adjusting entries of Incorporation C during 2017.

(b) and (e)

To determine

Post the above journal entries and adjusting entries to T-accounts of Incorporation C.

(c) and (f)

To determine

Prepare trial balance for Incorporation C as on February 28, 2017.

(g)

To determine

Prepare the income statement, retained earnings statement, and balance sheet of Incorporation C for the year ended February 28, 2017.

(h)

To determine

Record the closing entries of Incorporation C for the month February.