Question: Complete the following steps in the order given. 1 . Analyze each of the following transactions for Celebrity Consultants for the firm's first month of
Complete the following steps in the order given. Analyze each of the following transactions for Celebrity Consultants for the firm's first month of business January Record the transactions noted below in the General Journal Note: Use the account titles and numbers in the chart of accounts provided and round all calculations to the nearest whole dollar. Post the transactions to the General Ledger accounts. Prepare a column worksheet using your knowledge of what has taken place during January to prepare an Unadjusted Trial Balance. Record all adjusting entries necessary at January in General Journal. Post January adjustments to General Ledger accounts & update the column worksheet by recording in adjustment column. Prepare Adjusted Trial Balance by updating the column worksheet. Prepare Financial Statements in proper form: a Income Statement b Statement of Retained Earnings c Balance Sheet Note: Blank statements are not provided, you may use a spreadsheet program to prepare the required statements. Record journal entries to close Temporary Accounts Revenue Expenses, Income Summary and post to General Ledger Accounts. Prepare a Postclosing Trial Balance Blank form not provided, you may use spreadsheet program to prepare
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