Question

Avalon Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.
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Instructions
(a) Prepare a complete worksheet.
(b) Prepare a classified balance sheet. (: $15,000 of the mortgage note payable is due for payment in the next fiscal year.)
(c) Journalize the adjusting entries using the worksheet as a basis.
(d) Journalize the closing entries using the worksheet as a basis.
(e) Prepare a post-closing trialbalance.


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  • CreatedJanuary 30, 2014
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