Required:
Part A
1. Prepare journal entries to record the December transaction shown on page “Transactions Pt. A.” General ledger account numbers and descriptions that are not needed
2. Post the entries to general ledger T-accounts
Part B
3. Prepare all necessary adjusting entries based on the information shown on the printed “Adj. Entries Pt. B” page. General ledger account numbers and descriptions are not necessary.
4. Post the entries to general ledger T-accounts and calculate balances
5. Prepare an adjusted trial balance at December 31
6. Prepare an income statement, statement changes in equity, and balance sheet. Assume the fiscal year ends on December 31, 2019.
7. Prepare closing entries and a post closing trial balance on December, 31, 2019.