Accounting $101$ project

This project will be completed in two parts. All answers should be submitied in the Exrel template

attached to this module. Part $1$ contains an opening trial balance, list of business transactions, joumalin

all transactions into the general journal $($induding the adjusting entries$),$ and updating each account in

the T$-$Accts $($general ledger$).$ Upon submission, your instructor will indicate which joumal entries and$/$or

T$-$Aact entries are incorrect.

Part $2$ will have you correct any mistakes and then complete the project. The remaining parts of the

project indude preparing the adjusted trial balance, income statement, statement of retained eamings,

balance sheet, dosing entries, and post$-$dosing trial balance.

December business transactions

Dec $1^t-$ Paid December rent of $$2,100$ with check ~~$801.$

Dec. $2^{2t}-$ Paid $$1,600$ on Jackson's inc, invoice from a previously recorded transaction with check $=802.$

Dec. $-$ Collected $5650$ from Reynolds co$.$ from a previous engagement in November.

Dec $4^t-$ Completed additional work for Auto Plus, sent invoice $=5p24$ for $51,525$ due in $1$ month.

$7503.$

Dec. $g^{t\text{'}}-$ Paid $$1,300$ to cover a l uti ites for the month of Dec using check, $7604.$

Dec. ${}^{**\text{'}}-$ Completed $5550$ worth of work for a repeat customer whe peys cash immec iate iy$.$