Question: I am needing help with 6,7,8 please 6. Prepare an adjusted trial balance. USE THE FORMAT SHOWN ON PAGE 132 OF THE CLASS TEXT. 7.



I am needing help with 6,7,8 please
6. Prepare an adjusted trial balance. USE THE FORMAT SHOWN ON PAGE 132 OF THE CLASS TEXT.
7. Using the adjusted trial balance, prepare an income statement, a statement of retained earnings, and a balance sheet. USE THE FORMATS STARTING ON PAGE 134 OF THE CLASS TEXT. You will have to include the Cost of Goods Sold requirements of the Income Statement. Note: For our problem, there are no income taxes.
8. Journalize and post the closing entries.
Below are the financial statements of Zipparoo, Inc. Zipparoo sells rubber work boots called "Zips". In this assignment, you will account for complex transactions and update existing account balances. Students are asked to complete the assignment on their own, but may obtain instructional assistance from the instructor. The assignment is meant to help the student get ready for the second exam. Below are the financial statements for the previous month. REQUIREMENTS: 1. Make copies of the required forms (see attached forms and instructions). Then, using the chart of accounts shown below, set up the general ledger. NOTE: YOU MUST USE THE DOWNLOADED FORMS TO RECEIVE CREDIT FOR THE PROBLEM. 4. 1 4 OF THE CLASS TEXT. REQUIREMENTS: 1. Make copies of the required forms (see attached forms and instructions). Then, using the chart of accounts shown below, set up the general ledger. NOTE: YOU MUST USE THE DOWNLOADED FORMS TO RECEIVE CREDIT FOR THE PROBLEM. 4. 1 4 OF THE CLASS TEXT. Below are the financial statements of Zipparoo, Inc. Zipparoo sells rubber work boots called "Zips". In this assignment, you will account for complex transactions and update existing account balances. Students are asked to complete the assignment on their own, but may obtain instructional assistance from the instructor. The assignment is meant to help the student get ready for the second exam. Below are the financial statements for the previous month. REQUIREMENTS: 1. Make copies of the required forms (see attached forms and instructions). Then, using the chart of accounts shown below, set up the general ledger. NOTE: YOU MUST USE THE DOWNLOADED FORMS TO RECEIVE CREDIT FOR THE PROBLEM. 4. 1 4 OF THE CLASS TEXT. REQUIREMENTS: 1. Make copies of the required forms (see attached forms and instructions). Then, using the chart of accounts shown below, set up the general ledger. NOTE: YOU MUST USE THE DOWNLOADED FORMS TO RECEIVE CREDIT FOR THE PROBLEM. 4. 1 4 OF THE CLASS TEXT
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
