Describe journal in chronological order, Business Law and Ethics

For the transactions provided below for the Braves Corporation during 2011, complete the following steps of the accounting cycle (round all answers and journal entries to the nearest whole dollar):

1. Journalize all the given transactions for 2011 in the general journal. Record the transactions in the journal in chronological order.

2. Post the journal entries to the ledger. Current balances are provided in the ledger accounts.

3. Prepare a 12/31/11 unadjusted trial balance in a 10-column worksheet.

4. Journalize all adjusting entries needed at 12/31/11 (Braves Corporation does not record monthly adjusting entries, only year-end adjusting entries).

5. Post the adjusting journal entries to the ledger. You may use General & Administrative Expense to record any additional rent expense, supplies expense, and insurance expense.

6. Complete the 10-column worksheet.

7. From the completed worksheet, prepare a multi-step income statement, classified balance sheet, and statement of retained earnings for the year 2011.

8. Journalize all closing entries needed at 12/31/11.

9. Post the closing entries to the ledger.

10. Prepare a post-closing trial balance at 12/31/11.

11. Round to the nearest dollar in your computations (i.e., $133.33 should be $133, and $198.57 should be $199). None of your journal entries should have cents associated with them.

Posted Date: 3/26/2013 8:09:38 AM | Location : United States







Related Discussions:- Describe journal in chronological order, Assignment Help, Ask Question on Describe journal in chronological order, Get Answer, Expert's Help, Describe journal in chronological order Discussions

Write discussion on Describe journal in chronological order
Your posts are moderated
Related Questions
International Peace and security Pacific settlement of disputes means to resolve disputes to avoid threats to International Peace and security so that such disputes do not beco

Imagine yourself in a situation of being encouraged to inflate your expense account. Do you think your choice would be most affected by your individual moral development or by the

Jurisdiction - Court of Appeal However S.64 (1) of the Constitution gives that the Court of Appeal 'shall have such jurisdiction and the powers in relative to appeals from t

Duty of an auditor: The duty of an auditor generally was very carefully considered by this court in RE: LONDON AND GENERAL BANK (1895) and I cannot usefully add anything to wh

Illustrtaion of Rules relating to consideration Foakes v Beer (1884) Actually On the date 11th of August, 1875 Mrs Beer wrapped judgment next to Dr. Foakes for £2,077 1

Brief theoretical conceptualization of  Multiple Equilibria We now come to a brief theoretical conceptualization which may give us a basis for choice of agenda or a policy prop

Ratification of Corporate Acts: A number of English cases which are regarded as instances of lifting the veil are those relating to informal ratification by the members of act

QUESTION (a) In scientific ethics, list four fundamental principles of scientific research? (b) Give five differences between law and ethics (c) When does a ‘Conflict of

Differences Between Cheques And Other Bills of Exchange However the following are some of such the differences between like cheques and such other bills of exchange: like;

International Competition Law -  Select a specific industry or corporation and analyse the factors that determine a competitive or anticompetitive outcome; - Factors such a