Chapter 4, Problem 4.33AP

1

To determine

Accounting Cycle: The accounting cycle refers to the entire process of recording the accounting transactions of an organization and then processing them. The accounting cycle starts when a transaction takes places and it ends at the time when these transactions are recorded in the financial statements of the company.

To Prepare: The journal entries and T – accounts.

 2

To determine

To Prepare: An unadjusted trial balance.

4

To determine

To Prepare: The adjusting entries.

5

To determine

To Prepare: An adjusted trial balance.

3

To determine

To Complete: The worksheet for the month ended December 31.

6

To determine

To Prepare: An income statement.

7

To determine

To Prepare: The closing entries for W Quality Automotive.

5

To determine

To Prepare: T-accounts and post the closing entries to the T-accounts

8

To determine

To Prepare: The post-closing trial balance at December 31, 2018.