1. Prepare journal entries to record the February transactions for Splashing Around using the General Journal February...
Question:
1. Prepare journal entries to record the February transactions for Splashing Around using the “General Journal February GJ7” tab . Update the FIFO worksheet in the working papers when a transaction includes inventory.
2. Post the February journal entries to General Ledger. (Note: Use the same GL from January and add in the February entries).
3. Prepare an Unadjusted Trial Balance as of February 2 9 , 2020 . (Note: The balances in the temporary accounts will include January and February transactions.)
4. Prepare journal entries to record the March transactions for Splashing Around using the “GeneralJournal March GJ8” tab update the FIFO worksheet in the working papers when a transaction includesinventory.
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby