Post journal entries to the general ledger accounts

Assignment Help Accounting Basics

Reference no: EM132277288

In your current position as a financial accounting manager, it is your turn to present the financial statements at the monthly leadership meeting.

Prepare a PowerPoint presentation (at least four slides but no more than seven slides) analyzing the company's financial performance for the month of January based on the attached excel file.

REQUIRED:

1. Prepare journal entries for each transaction listed above (with descriptions).

2. Post journal entries to the general ledger accounts.

3. Prepare an unadjusted trial balance.

4. Prepare all necessary adjusting journal entries (with descriptions) and post to the general ledger.

5. Prepare an adjusted trial balance on December 31st.

6. Prepare closing entries, post to the general ledger, and carryforward balances to January 1st of the next year.

7. Prepare the following financial statements on December 31st (ignore income taxes):
a. Income Statement (multi-step, see Example 5.2 in textbook)
b. Statement of Stockholders' Equity
c. Balance Sheet (classified)
d. Statement of Cash Flows (indirect method)

Attachment:- portfolio project.rar

Reference no: EM132277288

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