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1 Based on the information given, complete the trial balance as at 30 November 2014 and show your calculations. 2 Record the transactions on page 2 for December 2014 as journal entries and adjusting journal entries. Narrations explaining the journal entries are not required, but you may include them if you wish. 3 Prepare (a) the General Ledger T accounts for December 2014 and (b) the trial balance as at 31 December 2014. The General Ledger T accounts should follow the following sequence: Asset accounts first, followed by Liability accounts, followed by Equity accounts (Capital, Revenue, Expenses). When you prepare the General Ledger T accounts, please ensure you bring the "Balance c/d" numbers from the November T accounts as the starting point for the December T accounts. 4 Prepare the Income statement for Emma's Bakery for the two months ending 31 December 2014 (i.e., November and December). Please show EBIT and NPBT. 5 Prepare the Balance Sheet as at 31 December 2014.
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