Solution-Prepare a trial balance before end of month

Prepare a trial balance before end of month adjustments

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Reference no: EM132471598

Question 1: Record the opening balances as at 1 July 2014 in the appropriate journals and accounts and the opening balances of accounts receivable, accounts payable and inventory in the appropriate subsidiary ledgers.

Question 2: Record the transactions in the appropriate general or special journal forjuly 2014.

Question 1: Record and post all transactions from journals to the general ledger in accordance with accounting procedures.

Question 3: Prepare schedules of accounts receivable, accounts payable and inventory as at 31 July 2014 and reconcile these with the control accounts in the general ledger.

Question 4: Prepare a Trial Balance before end of month adjustments and closing entries as at 31 july 2014.

Question 5: Record end of month adjustments in the general journal and post these to the general ledger

Question 6: Prepare closing entries forjuly 2014.

Question 7: Prepare a Trial Balance after end of month adjustments and closing entries forjuly 2014.

Question 8: Prepare an Income Statement forjuly 2014 and a Balance Sheet as at 31 july 2014.

Reference no: EM132471598

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Prepare a trial balance before end of month adjustments

Reference no: EM132471598

Reference no: EM132471598

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