How to solve

Prepare journal entries for all transactions, include date and explanations. Prepare T$-$Accounts for all accounts and post the amounts

from the journal entries to the T$-$Accounts

Complete a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet.

Update the worksheet to reflect the unadjusted trial balance

Prepare all necessary month$-$end adjusting entries

Post the adjusting entries to the T$-$Accounts

Prepate an income statement, a statement of owners equity, and a balance sheet in good form

Prepare closing entries

Post closing entries to the T$-$Accounts