Required to apply the Accounting Cycle for each month by creating journal, ledger, trial balance
- BAE
- Oct 19, 2021
- 1 min read
You have been provided with the Trial Balance for the month of June 2016 and a list of the transactions for July and August. You are required to apply the Accounting Cycle for each month by creating the following: • General Journal • General Ledger • Trial Balance • Financial Statements o Income Statement o Statement of Changes in Equity o Balance Sheet • Post Closing Trial Balance Once you have done this for both months, you then need to provide a 2 page report that summarises your key findings and any interesting observations you noticed within the reports. (Note: this is to give me an indication of how well you can briefly explain what you have done rather than anything particularly formal).


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