The General Ledger tool in Connect allows students to immediately see the financial statements as of a specific date. Each of the following questions begins with an unadjusted trial balance. Using transactions from the following assignment, prepare the necessary adjustments, and determine the impact each adjustment has on net income. The financial statements are automatically populated.

GL 3-1 Based on the FastForward illustration in this chapter Using transactions from the following assignments, prepare the necessary adjustments, create the financial statements, and determine the impact each adjustment has on net income.

GL 3-2 Based on Problem 3-3A GL 3-3 Extension of Problem 2-1A GL 3-4 Extension of Problem 2-2A GL 3-5 Extension of Problem 3-6A GL 3-6 Based on Serial Problem SP 3.