Question: All About You Spa Chapter 12 (Statements and Closing) Submit Assignment Due Wednesday by 11:59pm Points 100 Submitting a file upload At last the time
All About You Spa Chapter 12 (Statements and Closing) Submit Assignment Due Wednesday by 11:59pm Points 100 Submitting a file upload At last the time has come. In your groups (let me know of any problems). please complete the following to finalize your work on the All About You Spa project: 1. Prepare an Income Statement (for July and August, 20 points) --> Check Figure: Net Income of $15,314.18 2. Prepare a Statement of Owner's Equity (for July and August, 5 points) --> Check Figure: A. Valli, Capital, August 31, 2019 of $67,085.93 3. Prepare a Balance Sheet as of August 31, 2019 (20 points) --> Check Figure: Total Assets of $83,081.33 4. Journalize the Closing Entries (General Journal, 25 points) 5. Post the Closing Entries to the General Ledger (20 points) 6. Prepare a Post-Closing Trial Balance as of August 31, 2019 (10 points) --> Check Figure: Debits - Credits - $83,935.12 BONUS: Complete a Statement of Cash Flows using the Indirect Method (up to 10 points)! TEMPLATE TO BE PROVIDED (has help for everything but Statement of Cash Flows) after Chapter 11 due date (possibly upon request if you've submitted Chapter 11 assignment)
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