Requirement 1 and 3
Open four - column general ledger accounts using A’s account numbers and balances.
Requirement 2 and 3:
Enter the transactions in a sales journal (page 4), a cash receipts journal (page 11), a purchase journal (page 8), a cash payment journal (page 5), and a general journal (page 9).
Record the transactions in a cash receipts journal.
Record the transactions in a purchases journal.
Record the transactions in a cash payments journal.
Requirement 4
Prepare an unadjusted
Balance the total of the customer account balances in the accounts receivable subsidiary ledger against Accounts receivable in the general ledger.
Balance the total of the customer account balances in the accounts payable subsidiary ledger and Accounts Payable in the general ledger.
Requirement 5
Journalize the
Requirement 6.
Prepare an adjusted trial balance.
Requirement 7:
Prepare the followings:
- Income statement
- Statement of retained earnings
- Classified balance sheet
Requirement 8.
Prepare closing entries.
Requirement 9:
Prepare post closing trial balance.
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Chapter B Solutions
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