Step 1: Type your student number to get your allocated question (trial Balance) Step 2: Journalise the adjustment transactions (adjustments sheet)
Step 3: post adjusting journal entries and complete the Worksheet Step 4: Create the Income Statements from the completed Worksheet Step 5: Journalise the closing entries
Step 6: Create the changes in Equity and Balance sheet from the completed Worksheet
Step 7: Answer the following questions considering proper referencing;
- What is a trial balance, why do we create it?
- What are adjustment journal entries? Why do we record the adjustment journal entries?
- What is the purpose of writing an adjusted Trial balance?
- How adjustment journal entries are different from the closing journal
*** The report should be in just one word format file and total number of words including numbers should be 2000 words and proper referencing.
*** Penalty will be applied to late submission or high similarity rate
|Paul services Trial Balance As At 30 June 2016|
Cash at Bank
|137||Acc. Depreciation. – Furniture||0.00|
|141||Acc. Depreciation – Equipment||0.00|
|146||Acc. Depreciation – Equipment||0.00|
|171||Acc. Depreciation – Automobile||0.00|
|201||Depreciation Expense – Furniture||0.00|
|201||Depreciation Expense – Equipment||0.00|
|201||Depreciation Expense – Store Equipment||0.00|
|201||Depreciation Expense – Automobile||0.00|
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