Ledgers are below

Illustrations Comments Header & Footer Text Explanations may be omitted for all trans Each turn represents 1 day in your j a. b. Each time you cross "GO represents a New Week. 2. Post the transactions from the journal to the accounts in the ledger. Use the T-accounts included in this packet to represent the ledger. Use the "Post Ref" column in the journal to indicate that the journal entries have been posted. You do not have to reference postings in the T-accounts. Prepare an Adjusted Trial Balance. From the accounts and balances in the Adjusted Trial Balance, prepare: 3. 4. . (1) Income Statement, il. (2) Statement of Owner's Equity, ili. (3) Balance Sheet. 5. Prepare the closing entries 6. Post the closing entries to the accounts. (Again, use the "Post Ref column in the journal to indicate that the closing entries have been posted.) Prepare a post-closing trial balance 7. Notes: Closing journal entries are the next period. made at the end of the accounting period to prepare temporary accounts for a) b) Temporary or nominal accounts, (also called income statement accounts), are measured periodically. c) After the closing entries have been posted, all the income statement T-accounts should have a zero balance Illustrations Comments Header & Footer Text Explanations may be omitted for all trans Each turn represents 1 day in your j a. b. Each time you cross "GO represents a New Week. 2. Post the transactions from the journal to the accounts in the ledger. Use the T-accounts included in this packet to represent the ledger. Use the "Post Ref" column in the journal to indicate that the journal entries have been posted. You do not have to reference postings in the T-accounts. Prepare an Adjusted Trial Balance. From the accounts and balances in the Adjusted Trial Balance, prepare: 3. 4. . (1) Income Statement, il. (2) Statement of Owner's Equity, ili. (3) Balance Sheet. 5. Prepare the closing entries 6. Post the closing entries to the accounts. (Again, use the "Post Ref column in the journal to indicate that the closing entries have been posted.) Prepare a post-closing trial balance 7. Notes: Closing journal entries are the next period. made at the end of the accounting period to prepare temporary accounts for a) b) Temporary or nominal accounts, (also called income statement accounts), are measured periodically. c) After the closing entries have been posted, all the income statement T-accounts should have a zero balance