Question: How do I do part III requiremennts 1-5 Required 1) prepare adjusting entries for the above transactions. 2) Post these entries to the ledger. 3)
How do I do part III requiremennts 1-5

Required 1) prepare adjusting entries for the above transactions. 2) Post these entries to the ledger. 3) Prepare an adjusted trial balance, an income statement, a statement of owner's equity, and a balance sheet as of/on December 31, 2014. 4) Prepare closing entries at December 31, 2014 and post to the ledger. 5) Prepare a post-closing trial balance on December 31, 2014. 6) Write a letter to the CEO explaining the current financial position of the company with recommendations for changes that need to be made and/or any actions that need to be taken. Use your accounting knowledge!!!! Cindi Lewis decided to expand her business and begin selling accounting software, as well as providing accounting services. During January, 2015, Lewis accounting services completed these transactions: Jan 2 completed a consulting engagement and received cash of $10,000. 2 prepaid three months' office rent, $2,500. 7 Purchased software inventory on account, $4, 400, plus freight in, $100. 15 withdrew $800 for personal use. 18 sold software on account, $1,100 (cost $700). 19 consulted with a client for a fee of $900 on account. 20 paid $1,200 cash in salaries for the month. 21 paid $1,500 for the office furniture bill incurred in December. 24 paid utilities, $400. 28 sold software for cash, $700(cost $400). 31 Recorded these adjusting entries: a) depreciation of computer equipment and office furniture. b) Expiration of prepaid rent. C) Expiration of prepaid insurance. d) Physical count of inventory, $2,800. e) Earned remaining revenue from December 22, 2014 Required 1) Prepare journal entries for the above transactions and post these entries to the ledger. 2) Prepare an adjusting entries on January 31, 2015 and post to the ledger. 3) Prepare an adjusted trial balance, an income statement, a statement of owner's equity, and a balance sheet as of / on January 31, 2015. 4) Prepare closing entries at January 31, 2015 and post to the ledger. 5) Prepare a post-closing trial balance on January 31, 2015. 6) Write a letter to the CEO explaining the current financial position of the company
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