Problem
Act as the accounting clerk:
a) Open a general ledger account for each account in the chart of accounts.
b) Analyze each business transaction.
c) Enter each business transaction in the general journal starting on page
d) Post each journal entry to the appropriate general ledger accounts.
e) Prepare a trial balance (in the worksheet) and complete a 6-column worksheet.
f) Prepare the following financial documents: --Income Statement --Statement of Change in Owner's Equity --Balance Sheet
g) Journalize and post the closing entries Use the general journal you used for all the daily transactions and the bank service charge. Include it at the bottom.
h) Prepare a post-closing trial balance.