Question

The completed work sheet for Valerie Insurance Agency as of December 31 is presented in your Working Papers or in CengageNow, along with the general ledger as of December 31 before adjustments.

Required
1. Write the name of the owner, M. Valerie, in the Capital and Drawing accounts.
2. Write the balances from the unadjusted trial balance in the general ledger.
3. Journalize and post the adjusting entries.
4. Journalize and post the closing entries in the correct order.
5. Prepare a post- closing trial balance.



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  • CreatedOctober 21, 2014
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