A completed worksheet for Cedar Valley Nursery and Landscape is shown below. INSTRUCTIONS 1. Record the balances
Question:
A completed worksheet for Cedar Valley Nursery and Landscape is shown below.
INSTRUCTIONS
1. Record the balances as of December 31 in the ledger accounts.
2. Journalize (use 3 as the page number) and post the adjusting entries. Use account number
131 for Prepaid Advertising and the same account numbers for all other accounts as shown in
Mini-Practice Set 1 for Eli's Consulting Services chart of accounts.
3. Journalize (use 4 as the page number) and post the closing entries.
4. Prepare a postclosing trial balance.
Analyze: What total credits were posted to the general ledger to complete the closing entries?
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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