Journal entries : Journal entries are the chronological listing of business transactions in terms of debits and credits related to specific accounts. The transactions entered in the general journal are transferred or posted to the trial balance . To prepare: To prepare the adjusting entries and the financial statements for the trial balance given for the VA Company.

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Chapter 3, Problem 8P

To determine

Journal entries: Journal entries are the chronological listing of business transactions in terms of debits and credits related to specific accounts. The transactions entered in the general journal are transferred or posted to the trial balance.

To prepare: To prepare the adjusting entries and the financial statements for the trial balance given for the VA Company.

To determine

To prepare: To prepare the financial statements for the trial balance given for the VA Company.

To determine

To prepare: To prepare the closure of accounts of VA Company.

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