Record the above transactions (#1-15) and the adjustments (#16-21) in the general journal.
(You are to create a general journal page in Excel and number each transaction you record;
ie 1,2,3 etc.)
b. Post the entries to T-Accounts.
i. create the T-Accounts. (Hint: the CASH will have the most postings)
iii. After posting, subtotal each T-Account to show the balance in the account.
c. Prepare a Trial balance.
d. Prepare the financial statements for the current year and include complete and proper headings on each.
