Question

The journal entries for May, Kiddy Day Care’s second month of business, have been journalized in the general journal in your Working Papers or in CengageNow. The balances of the accounts as of April 30 have been recorded in the general ledger in your Working Papers or in CengageNow. The word Balance in the Item column, the check mark in the Post. Ref. column and the fact that the amount is in the Balance column only. This indicates a balance brought forward from a prior page or month.

Required
1. Write the owner’s name, R. Ramirez, in the Capital and Drawing accounts.
2. Post the general journal entries to the general ledger accounts.
3. Prepare a trial balance as of May 31, 20—.
4. Prepare an income statement for the two months ended May 31, 20—.
5. Prepare a statement of owner’s equity for the two months ended May 31, 20—.
6. Prepare a balance sheet as of May 31, 20—.



$1.99
Sales0
Views98
Comments0
  • CreatedOctober 21, 2014
  • Files Included
Post your question
5000