How do prepare the journal entries in the general journal

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Reference no: EM132743572

Scenario

You've just secured a new client in your accounting practice, Peter's Pool Corporation (PPC), a brand new small business specializing in pool service. The owner, Peter Peck, is a terrific swimmer and pool repair specialist, but definitely not an accountant. Your job is to help Peter put his affairs in order. Luckily, Peter has only been in operation for a month and things have not gotten too out of hand yet! Peter has to submit his financial statements to his investors and doesn't know where to begin. It's your job to go through the complete accounting cycle to prepare the financial statements for the PPC.

Problem 1: Prepare the Journal Entries in the General Journal 1 - Journal Entries

Problem 2: Post Journal Entries to the General Ledger 2 - General Ledger

Problem 3: Prepare a Trial Balance 3 - Trial Balance

Reference no: EM132743572

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