Highlights
Your Job:
a) Enter the opening balances from the March 31, 2020 balance sheet into the General Ledger i. Use the Excel file for the general ledger accounts).accounts
b) Prepare the Journal entries for the month of April and post them to the appropriate General Ledger account (Use your Excel file).
c) Create and complete a Trial Balance worksheet.
i. Enter GL account balances in the unadjusted Trial Balance columns of the worksheet.
ii. Enter the adjustments in the Adjustments columns and complete the worksheet.
d) Record the adjustments in the journal and, post amounts to the General Ledger accounts.
e) Prepare the following Financial Statements (Income Statement, Statement of Changes in Owners Equity, Balance Sheet).
f) Enter the closing journal entries in the journal and, post to the General Ledger accounts. Assume the company uses the Income Summary method.
g) Prepare the Post-closing Trial Balance.
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