question archive READ EVERYTHING AND ADDRESS ALL QUESTIONS! LABEL EVERYTHING Accounting Comprehensive Problem 1
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READ EVERYTHING AND ADDRESS ALL QUESTIONS! LABEL EVERYTHING
Accounting Comprehensive Problem 1.
1. Create a Journal
1. C. |
Journalize each of the May transactions in the two-column journal starting on Page 5 of the journal. Refer to the Chart of Accounts for exact wording of account titles. (Do not insert the account numbers in the journal at this time.) |
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2. B. |
Add the appropriate posting reference to the journal in CengageNOW. |
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6. A. |
Journalize the adjusting entries on Page 7 of the journal. Refer to the Chart of Accounts for exact wording of account titles. |
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6. C. |
Add the appropriate posting reference to the journal in CengageNOW.
2. Create A Ledger
and save the Excel file to your computer. Use the spreadsheet to post the May transactions from the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem.
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3. Prepape a Unadjusted Trial Balance
Record the following transactions on Page 6 of the journal:
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