Question: Outstanding cheques: b ) Prepare the appropriate adjusting entries on March 3 1 , 2 0 2 4 . Hint Some additional information is provided

Outstanding cheques:
b) Prepare the appropriate adjusting entries on March 31,2024. Hint Some additional information is provided below but where else might you look to find details relevant to preparing the adjusting entries?
nearest whole dollar.
Income taxes are estimated to be $220,700.
c) What is the next step in the accounting cycle?
@ Prepare a post-closing trial balance
0 Analyze and journalize transactions
Analyze and journalize transactio
Prepare financial statements
0 Prepare closing entries
Post closing entries
Prepare an unadjusted trial balance
Prepare an adjusted trial balance
Post transactions
This is the last step
solve a b and c
Outstanding cheques: b ) Prepare the appropriate

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