Carlson Ltd is a business selling freezers to the public. This is its first year of operations. The chart of accounts is as follows.

Transactions for April 2019 were as follows: 

1. Enter the transactions in a general journal. 

2. Post to the ledger. 

3. Extract a trial balance. 

4. Prepare, and post, closing entries. 

5. Prepare an income statement for April 2019. 

6. Extract a post-closing trial balance and prepare a balance sheet at 30 April 2019.

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Chart of accounts 1-9 1 2 9 10-19 10 15 20-29 20 Shareholders' equity Share capital Retained profits P & L summary Liabilities Sundry creditors Loan from Finance Co. Revenue Sales 30-39 30 31 32 35 40-49 40 42 45 47 49 Assets Bank of NZ Sundry debtors Inventories Delivery truck Expenses COGS Salary shop assistants Delivery truck expenses Office expenses Interest expense