PROBLEMS 1 - 6 are already completed

NOW I NEED HELP WITH THE 1. T-ACCOUNTS, 2. POST-CLOSING TRIAL BALANCE, AND 3. CALCULATING THE AVERAGE TOTAL ASSET IN THE LAST TWO PICTURES THE ANSWER IS NOT THE DISPLAYED NUMBER

AVERAGE TOTAL ASSETS IS NOT 548935 I NEED HELP CALCULATING THIS.

ACT205 Cycle Project Instructions This Cycle Project assignment is a combination of Connect problems, a T-account worksheet, and a post- closing trial balance. The total assignment is worth 30 points towards your semester grade. You will have 2 attempts and can check your work 3 times. The amount of help you can get from the tutors will be limited. Please follow these steps to complete the assignment. Go to Connect and click on the Cycle Project assignment. 2. 1. Post the General Ledger account balances listed in question 1 as the beginning balances in t he T- accounts. 3. Complete Question 1 by preparing journal entries for the transactions listed. 4. Post your journal entries into the T-accounts. 5. Complete Question 2 by preparing adjusting entries using the information provided 6. Post your adjusting entries into the T-accounts. (Use AJE1, AJE2, etc. instead of a date) 7. Complete question 3 by preparing an adjusted trial balance using the balances in the T-accounts. 8. Complete Questions 4 and 5 by preparing a Multi-step Income statement and a Classified Balance Sheet. 9. Complete Question 6 by preparing Closing entries for revenues and expenses. 10. Post your closing entries into the T-accounts and calculate ending balances. (Use CE1 and CE2 instead of dates) 11. Complete a Post-closing trial balance by hand on the form provided 12. Complete question 7 about ratios using the information in Questions 4 and 5 (Income statement and Balance Sheet). Note: Ratios will be covered in class on December 5 13. Hand in your completed T-accounts and Post-closing Trial Balance to Sally Whitney by Thursday December 7. You have until 5 PM to hand in your assignment. Late assignments will NOT be accepted. This assignment is worth 30 points, but you MUST hand in the T-account sheet to get credit for the Connect problems