Question: The previous time I posted this question, the answer was given with numbers that had no correlation with this assignment. Please use the given information.



Adjustment Data Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the Taccounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. Adjustment Data Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31,2016. 3. Prepare the adjusting entries and post to the T accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the Taccounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments. There is also an Excel Template for this problem that you may downioad and use (or you may use your own). Reguirments 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended Decenber 31,2016 3. Prepaze the adjusting entries and post to the T-accounts 4. Piepare the adjusted trial balance 5. Prepare the income statement, the statement of totained earnings, and the classified bolance sheet in report form. 6 Piepare the elesing ontries and post to the T-Accounts 7. Prepare a post-closing tral balance. 8. Calculate the cunent ratio for the company. Adjustment Data Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the Taccounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. Adjustment Data Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31,2016. 3. Prepare the adjusting entries and post to the T accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the Taccounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments. There is also an Excel Template for this problem that you may downioad and use (or you may use your own). Reguirments 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended Decenber 31,2016 3. Prepaze the adjusting entries and post to the T-accounts 4. Piepare the adjusted trial balance 5. Prepare the income statement, the statement of totained earnings, and the classified bolance sheet in report form. 6 Piepare the elesing ontries and post to the T-Accounts 7. Prepare a post-closing tral balance. 8. Calculate the cunent ratio for the company
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