[babygurl224]

Bob night opened =93 the generals fishing hole=94 the fishing camp is opened
From April through September and attracts many famous college basketball
Coaches during the off-season. Guests typically register doe one week,
Arriving on Sunday afternoon and returning home the following Saturday
Afternoon. The registration fee includes room and board, the use of fishing
Boats, and professional instruction in fishing techniques. The chart of
Accounts for the camping operations is provided below.


The generals favorite fishing hole
Chart of accounts
Assets
101 Cash
142 Office Supplies
144 Food Supplies
145 prepaid insurance
181 fishing boats
181.1 accum depr- fishing boats
Liabilities
202 accounts payable
219 wages payable
Owners Equity
311 Bob night, capital
312 Bob Night, Drawing
313 Income Summary
Revenues
401 Registration Fees
Expenses
511 wages expense
521 rent expense
523 Office sales expense
524 food expense
525 telephone expense
533 utilities expense
535 Insurance expense
536 postage exp
542 depr exp- fishing boats


April 1st night invested cash in business $90,000
April 1st paid insurance premium for camping season $9,000
April 2. Paid rent for lodge and campgrounds for the month of April, $40,000
April 2. Deposited registration fees. $35,000
April 2. Purchased ten fishing boats on account for $60,000. The boats have
Estimated useful lives of five years at which time they will be donated to
A local day camp. Arrangements were made to pay the boat in July.
April 3rd. Purchased food supplies from acme supermarket on account $7000.
April 5th. Purchased office supplies from Gordon office supplies on
Account $500.
April 7th. Deposited registration fees. $38,600.
April 10th. Purchased food supplies from acme super market on account $8,200
April 10th. Page wages to guides $10.000.
April 14th deposited registration fees. $30,500.
April 16th purchased food supplies from acme super market on account $ 9000.
April 17th page wages to fishing guides, 10,000.
April 18th paid postage. $150.
April 21st deposited reg fees. $35,600.
April 24th. Purchased food supplies from acme super market. $8,500.
April 24th paid wages to fishing guides. $10,000
April 28th deposited registration fees. $32,000
April 29th paid wages to guides $10,000
April 30th purchased food supplies from acme super markets on account $6000.
April 30th paid acme super market on account $32,700
April 30th paid utilities bill $2000
April 30th paid telephone bill $1,200


Adjustment information for the end of April is provided below.
(a) Office supplies remaining on hand $100
(b) Food supplies remaining on hand $8000
(c) Insurance expired during the month of April $1,500
(d) Depreciation on the fishing boats for the month of April $1000
(e) Wages Earned, but not yet paid, at the end of April $500.

Assignment:
1. Enter the above transactions in a general journal. Enter
Transactions from April 1-5 on page 1. April 7-18 on page 2. April 21-29 and
The first two entries for April 30th on page 3. and the remaining entries on page 4.

1. Post the entries to the general ledger. (if you are not using the
Working papers that accompany this text, you will need to enter the ac=
Count
Titles and account numbers in the general ledger accounts)
1. Prepare a trial balance on a work sheet.
2. Complete the work sheet.
3. Prepare the income statement
4. Prepare the statement of owners equity.
5. Prepare the balance sheet,
6. Journalize the adjusting entries
7. Post the adjusting entries to the general ledger
8. Journalize the closing entries
9. Post the closing entries to the general ledger
10. Prepare a post closing balance.




Trial Balance





Trial Balance

Account Title Debit Credit

Cash 128,150.00
Office Supplies 500.00
Accounts Payable 50,500.00
Bob Knight Drawing
Registration Fees 172,300.00
Wages Expense 40,000.00
Wages Payable 40,000.00
Rent Expense 40,000.00
Telephone 1,200.00
Utilities 2,000.00
Postage 150.00
Accumulation Expense 60,000.00
Depreciation- Fishing Boats 60,000.00
Food Suppliies 38,700.00
Prepaid Insurance 9,000.00


Total 310,700 331,800

[babygurl224]

Bob night opened =93 the generals fishing hole=94 the fishing camp is opened
From April through September and attracts many famous college basketball
Coaches during the off-season. Guests typically register doe one week,
Arriving on Sunday afternoon and returning home the following Saturday
Afternoon. The registration fee includes room and board, the use of fishing
Boats, and professional instruction in fishing techniques. The chart of
Accounts for the camping operations is provided below.


The generals favorite fishing hole
Chart of accounts
Assets
101 Cash
142 Office Supplies
144 Food Supplies
145 prepaid insurance
181 fishing boats
181.1 accum depr- fishing boats
Liabilities
202 accounts payable
219 wages payable
Owners Equity
311 Bob night, capital
312 Bob Night, Drawing
313 Income Summary
Revenues
401 Registration Fees
Expenses
511 wages expense
521 rent expense
523 Office sales expense
524 food expense
525 telephone expense
533 utilities expense
535 Insurance expense
536 postage exp
542 depr exp- fishing boats


April 1st night invested cash in business $90,000
April 1st paid insurance premium for camping season $9,000
April 2. Paid rent for lodge and campgrounds for the month of April, $40,000
April 2. Deposited registration fees. $35,000
April 2. Purchased ten fishing boats on account for $60,000. The boats have
Estimated useful lives of five years at which time they will be donated to
A local day camp. Arrangements were made to pay the boat in July.
April 3rd. Purchased food supplies from acme supermarket on account $7000.
April 5th. Purchased office supplies from Gordon office supplies on
Account $500.
April 7th. Deposited registration fees. $38,600.
April 10th. Purchased food supplies from acme super market on account $8,200
April 10th. Page wages to guides $10.000.
April 14th deposited registration fees. $30,500.
April 16th purchased food supplies from acme super market on account $ 9000.
April 17th page wages to fishing guides, 10,000.
April 18th paid postage. $150.
April 21st deposited reg fees. $35,600.
April 24th. Purchased food supplies from acme super market. $8,500.
April 24th paid wages to fishing guides. $10,000
April 28th deposited registration fees. $32,000
April 29th paid wages to guides $10,000
April 30th purchased food supplies from acme super markets on account $6000.
April 30th paid acme super market on account $32,700
April 30th paid utilities bill $2000
April 30th paid telephone bill $1,200


Adjustment information for the end of April is provided below.
(a) Office supplies remaining on hand $100
(b) Food supplies remaining on hand $8000
(c) Insurance expired during the month of April $1,500
(d) Depreciation on the fishing boats for the month of April $1000
(e) Wages Earned, but not yet paid, at the end of April $500.

Assignment:
1. Enter the above transactions in a general journal. Enter
Transactions from April 1-5 on page 1. April 7-18 on page 2. April 21-29 and
The first two entries for April 30th on page 3. and the remaining entries on page 4.

1. Post the entries to the general ledger. (if you are not using the
Working papers that accompany this text, you will need to enter the ac=
Count
Titles and account numbers in the general ledger accounts)
1. Prepare a trial balance on a work sheet.
2. Complete the work sheet.
3. Prepare the income statement
4. Prepare the statement of owners equity.
5. Prepare the balance sheet,
6. Journalize the adjusting entries
7. Post the adjusting entries to the general ledger
8. Journalize the closing entries
9. Post the closing entries to the general ledger
10. Prepare a post closing balance.








Trial Balance Sheet


Trial Balance

Account Title Debit Credit

Cash 128,150.00
Office Supplies 500.00
Accounts Payable 50,500.00
Bob Knight Drawing
Registration Fees 172,300.00
Wages Expense 40,000.00
Wages Payable 40,000.00
Rent Expense 40,000.00
Telephone 1,200.00
Utilities 2,000.00
Postage 150.00
Accumulation 60,000.00
Depreciation- 60,000.00
Food Suppliies 38,700.00
Prepaid Insurance 9,000.00


Total 310,700 331,800

[morgaine300]

Please do not double post. It is confusing, actually takes up more of our time... and long problem, if someone takes the time to answer your one post, only to discover someone else already answered the other. I've merged them back into one.

[morgaine300]

Why did you take your accounts out of order? The way they were listed is the proper order and should not be messed with.

(The instructions told you what pages of the journal to put specific entries on? WOW!)

First off, the general rule of trial balances that don't balance is that you have math off somewhere. If anything you do along the way is not in balance to start with or gets added wrong or gets copied wrong, the whole thing is out of balance. It cannot be stressed enough how important it is to be careful!

This will be caused by things like:
*your entry doesn't balance to begin with (and then you're screwed the rest of the way)
*you don't post something, post it incorrectly or double post it
*you calculate the balance of an account wrong
*you copy something wrong to your trial balance or leave something out
*you added up your trial balance incorrectly

All of these errors throw off the math. Always work your way backwards, checking each of those things. Checking postings last, cause that's a royal hassle to check.

Doing an entry incorrectly, as long as it balances, will not throw off your trial balance. You have things wrong that are not throwing you off balance, but they are still wrong.

The problem is that no one has any idea why you don't balance without seeing all of your work, because we don't know what you did to get there. If we have the problem, we can know what balances are off, but not why.

All of your expenses are correct (except depreciation - see below). The office supplies, food supplies and prepaid insurance are correct. The rest is incorrect.

There are only two things I know absolutely, positively what you did wrong. The fishing boat -- you didn't buy depreciation - you bought a fishing boat. Think about it. You also bought it "on account." Since your accounts payable is very close, I have a feeling you may have entered that two different places and that could be helping throw you off. The other one is having put all of your wages into wages payable. They were paid. It says "paid" - take that literally.

I don't know why the rest is incorrect since I can't see what you did. In other words, like I said from the very start, no one can ever know what is wrong with a trial balance without seeing all of your work. I can only see things that are very obvious (like putting a fishing boat into depreciation).

[babygurl224]

If I send you all of my work I have so far are you able to help?

[babygurl224]

Bob night opened =93 the generals fishing hole=94 the fishing camp is opened
From April through September and attracts many famous college basketball
Coaches during the off-season. Guests typically register doe one week,
Arriving on Sunday afternoon and returning home the following Saturday
Afternoon. The registration fee includes room and board, the use of fishing
Boats, and professional instruction in fishing techniques. The chart of
Accounts for the camping operations is provided below.


The generals favorite fishing hole
Chart of accounts
Assets
101 Cash
142 Office Supplies
144 Food Supplies
145 prepaid insurance
181 fishing boats
181.1 accum depr- fishing boats
Liabilities
202 accounts payable
219 wages payable
Owners Equity
311 Bob night, capital
312 Bob Night, Drawing
313 Income Summary
Revenues
401 Registration Fees
Expenses
511 wages expense
521 rent expense
523 Office sales expense
524 food expense
525 telephone expense
533 utilities expense
535 Insurance expense
536 postage exp
542 depr exp- fishing boats


April 1st night invested cash in business $90,000
April 1st paid insurance premium for camping season $9,000
April 2. Paid rent for lodge and campgrounds for the month of April, $40,000
April 2. Deposited registration fees. $35,000
April 2. Purchased ten fishing boats on account for $60,000. The boats have
Estimated useful lives of five years at which time they will be donated to
A local day camp. Arrangements were made to pay the boat in July.
April 3rd. Purchased food supplies from acme supermarket on account $7000.
April 5th. Purchased office supplies from Gordon office supplies on
Account $500.
April 7th. Deposited registration fees. $38,600.
April 10th. Purchased food supplies from acme super market on account $8,200
April 10th. Page wages to guides $10.000.
April 14th deposited registration fees. $30,500.
April 16th purchased food supplies from acme super market on account $ 9000.
April 17th page wages to fishing guides, 10,000.
April 18th paid postage. $150.
April 21st deposited reg fees. $35,600.
April 24th. Purchased food supplies from acme super market. $8,500.
April 24th paid wages to fishing guides. $10,000
April 28th deposited registration fees. $32,000
April 29th paid wages to guides $10,000
April 30th purchased food supplies from acme super markets on account $6000.
April 30th paid acme super market on account $32,700
April 30th paid utilities bill $2000
April 30th paid telephone bill $1,200


Adjustment information for the end of April is provided below.
(a) Office supplies remaining on hand $100
(b) Food supplies remaining on hand $8000
(c) Insurance expired during the month of April $1,500
(d) Depreciation on the fishing boats for the month of April $1000
(e) Wages Earned, but not yet paid, at the end of April $500.

Assignment:
1. Enter the above transactions in a general journal. Enter
Transactions from April 1-5 on page 1. April 7-18 on page 2. April 21-29 and
The first two entries for April 30th on page 3. and the remaining entries on page 4.

1. Post the entries to the general ledger. (if you are not using the
Working papers that accompany this text, you will need to enter the ac=
Count
Titles and account numbers in the general ledger accounts)
1. Prepare a trial balance on a work sheet.
2. Complete the work sheet.
3. Prepare the income statement
4. Prepare the statement of owners equity.
5. Prepare the balance sheet,
6. Journalize the adjusting entries
7. Post the adjusting entries to the general ledger
8. Journalize the closing entries
9. Post the closing entries to the general ledger
10. Prepare a post closing balance.





General Journal
Date Description Post Ref.
April 1st Cash 101 90,000 (Debit)
Bob Night Investment90,000 (Credit)

1st Prepaid Insuance 535 9,000(debit)
Cash 101 9,000 (Credit)

2nd Rent Expense for April 521 40,000 (Debit)
Cash 101 40,000 (Credit)

2nd Deposited Registration Fees 401 35,000 (Credit)
Cash 101 35,000 (debit)

2nd Accum- Exp Fishing Boats 181.1 60,000 (Debit)
Account Payable 202 60,000 (Credit)

2nd Depre- Fishing Boats 542


3rd Food Supplies exp (ACME) 524 7,000 (debit)
Account Payable 202 7,000 (Credit)

5th Gordon Office Supplies 523 500 (debit)
Account Payable 202 500 (Credit)


April 7th Deposited Registration Fees 401 38,600 (Credit)
Cash 101 38,600 (Debit)

10th Purchased Food Supplies (Acme) 524 8,200 (debit)
Account Payable 202 8,200 (Credit)

10th Paid Wages to Guides 219 10,000 (debit)
Cash 101 10,000 (Credit)

14th Deposited Registration Fees 401 30,500 (Credit)
Cash 101 30,500 (Debit)

16th Purchased Food Supplies (Acme) 524 9,000 (debit)
Account Payable 202 9,000 (Credit)

17th Paid Wages to Guides 219 10,000 (Debit)
Cash 101 10,000 (Credit)

18th Paid Postage 536 150 (Debit)
Cash 101 150 (Credit)


April 21st Deposited Reg Fees 401 35,600(Credit)
Cash 101 35,600 (Debit)

24th Purchased Food Supplies 524 8,500 (Debit)
Cash 101 8,500 (Credit)

24th Paid Wages to Guides 219 10,000 (Debit)
Cash 101 10,000 (Credit)

28th Deposited Reg Fees 401 32,000 (Credit)
Cash 101 32,000 (Debit)

29th Paid Wages to Guides 219 10,000 (Debit)
Cash 101 10,000 (Credit)

30th Purchased Food Supplies 524 6,000 (Debit)
Accounts Payable 202 6,000 (Credit)

30th Paid Accounts Payable (Acme) 202 32,700 (debit)
Cash 101 32,700 (Credit)

30th Utilities Expense 533 2,000 (Debit)
Cash 101 2,000 (Credit)

30th Telephone expense 525 1,200 (Debit)
Cash 101 1,200 (Credit)

[babygurl224]

Cash (101)

Date Item Debit Credit

April 1st Bob night Capital 90,000 (debit)
April 1st Prepaid Insurance 9,000 (Credit)
April 2nd Rent Expense 40,000 (Credit)
April 2nd Registration Fees 35,000 (debit)
April 7th Deposited Registration Fees 38,600 (debit)
April 10th Paid Wages 10,000 (credit)
April 14th Deposited Registration Fees 30,500 (debit)
April 17th Paid Wages to Guides 10,000 (credit)
April 18th Paid Postage 150 (credit)
April 21th Deposited Registration Fees 35,600 (debit)
April 24th purchased food supp. 8,500 (credit)
April 24th Paid wages to guides 10,000 (credit)
April 28th Deposited Registration Fees 32,000 (debit)
April 29th Paid Wages to Guides 10,000 (credit)
April 30th Paid Acme Bill 32,700 (credit)
Aptil 30th Utilities Expense 2,000 (credit)
April 30th Telephone expense 1,200 (debit)

261,700 133,550
Office Supplies (142)

Date Item Debit Credit

April 5th Gordons office supplies 500 (debit)


Accounts Payable (202)

Date Item Debit Credit

April 2nd Fishing Boats (10) 60,000 (credit)
April 3rd Acme Food Supples 7,000 (credit)
April 10th Acme Food Supples 8,200(credit)
April 16th Acme Food Supples 9,000(credit)
April 30th Acme Food Supples 6,000(credit)
Aptil 30th Paid Acme Food Supplies 32,700 (debit)
April 5th Gordons food supplies 500 (credit)

32,700 90,700
Bob Night Drawing (312)

Date Item Debit Credit




Registration Fees (401)

Date Item Debit Credit

Aril 2nd Registration Fee 35,000
Aptil 7th Registration Fee 38,600 (credit)
April 14th Registration Fee 30,500 (credit)
April 21st Registration Fee 35,600 (credit)
April 28th Registration Fee 32,000 (credit)

Wages Expense (511)

Date Item Debit Credit

April 10th Paid Guides 10,000 (debit)
April 17th Paid Guides 10,000 (debit)
April 24th Paid Guides 10,000 (debit)
April 29th Paid Guides 10,000 (debit)
April 30th Paid Wages Payable 500 (credit)
Rent Expense (521)

Date Item Debit Credit

April 2nd Rent 40,000 (debit)

Telephone Expense(525)

Date Item Debit Credit

April 30th Telephine Bill 1,200 (debit)



Utilities Expense(533)

Date Item Debit Credit

April 30th Utilities 2,000 (debit)


Postage(536)

Date Item Debit Credit

April 18th Postage 150 (debit)

Prepaid Insurance (145)

Date Item Debit Credit

April 2nd Insurance 9,000 (debit)

April 30th Expired Insurance 1,500 (credit)
Account: Accum exp- Fishing Boats 181.1)

Date Item Debit Credit

April 2nd Fishing Boats 60,000 (credit)

Account: Depreciation Exp- Fishing Boats (542)

Date Item Debit Credit
April 30th Depreciation of Fishing Boats (debit) 1,000


Food Supplies (144)

Date Item Debit Credit

April 3rd ACME supplies 7,000 (debit)
April 10th ACME supplies 8,200 (debit)
April 16th ACME supplies 9,000 (debit)
Aril 24th ACME supplies 8,500 (debit)
April 30th ACME supplies 6,000 (debit)




TRIAL BALANCE!

Cash 128,150.00 (debit)
Office Supplies 500.00 (debit)
Accounts Payable 58,000.00( Credit)
Bob Knight Drawing
Registration Fees 171,700.00(credit)
Wages Expense 40,000.00 (debit)
Wages payable
Rent Expense 40,000.00(debit)
Telephone 1,200.00(debit)
Utilities 2,000.00 (debit)
Postage 150.00 (debit)
Accumulation Expense
Depreciation- Fishing Boats
Food Suppliies 38,700.00(debit)

[morgaine300]

You can upload a file if you have it in a file (like Excel or whatever). You have to go into the advanced view and then manage attachments.

[babygurl224]

Its sayinginvalid file?? When I try to upload it

[morgaine300]

2nd Deposited Registration Fees 401 35,000 (Credit)
Cash 101 35,000 (debit)

Be careful of account names. You use the name of the appropriate account, not a description of what happened. "Deposited registration fees" is a description of what happened that describes both the cash and the fees. i.e. "Deposit" is implying that you brought in cash, which gives you your debit of cash, and then the "registration fees" tells where the deposit came from. That's what you need to put the entire entry together. But it's not an account name. In fact, "deposit" has nothing at all to do with the proper account, which is Registration Fees. (It could just as easily have gone into receivables and you would still use Registration Fees for the credit. A "deposit" means cash, not revenues.) I know you posted it in the right place cause your total in that account is correct... but you can't post to "deposited registration fees" when there is no such account name. That is a description of the whole transaction.

You've done this "description" instead of account name numerous places. I am not going to mention them all -- you need to look for them. You need to follow your list of accounts that was given.

2nd Accum- Exp Fishing Boats 181.1 60,000 (Debit)
Account Payable 202 60,000 (Credit)

I've already pointed out that you bought a fishing boat, not depreciation. How do you buy depreciation?

10th Purchased Food Supplies (Acme) 524 8,200 (debit)
Account Payable 202 8,200 (Credit)

"Purchased" is an action, not an account name. Just "food supplies" like you did on the 3rd.

10th Paid Wages to Guides 219 10,000 (debit)
Cash 101 10,000 (Credit)

There is no account called "Paid Wages to Guides." What is the account name?

30th Paid Accounts Payable (Acme) 202 32,700 (debit)
Cash 101 32,700 (Credit)

Again, "paid accounts payable" is describing the action. In fact, the "paid" part is the part that tells you it is cash, not that it is payables. The "on account" part is what tells you it's payables. The account name is accounts payable.

The only actual incorrect one at this point is the fishing boat, as long as you correct the others to actual account names and not descriptions.

However, the reason you're out of balance is that you have not included the prepaid insurance, the fishing boat or the capital into your trial balance. You have the entries for them (though the boat is incorrect) but you haven't included them in your account balances.

You also have adjusting entries already in your accounts, but have not presented the actual entries for these, nor are they reflected in your trial balance. You must make sure you unadjusted trial balance comes out first, before doing adjusting entries. Take things one step at a time.

[morgaine300]

Also, please stop posting everything in 10 different places. It's getting really confusing trying to track all this back down. It's all one problem and it needs to all be in one thread so people know what is what, instead of trying to trace one thread back to another thread of the same problem.

As for the file, I don't know. When you go to the upload thing, it has a list of file types it will accept and also the limit of size. So it may either be a file type it doesn't like or it's too big. You'll have to check it.

[Rosslyn]

I need help on this same problem by tomorrow

[sexybela]

Bob night opened =93 the generals fishing hole=94 the fishing camp is opened
From April through September and attracts many famous college basketball
Coaches during the off-season. Guests typically register doe one week,
Arriving on Sunday afternoon and returning home the following Saturday
Afternoon. The registration fee includes room and board, the use of fishing
Boats, and professional instruction in fishing techniques. The chart of
Accounts for the camping operations is provided below.


The generals favorite fishing hole
Chart of accounts
Assets
101 Cash
142 Office Supplies
144 Food Supplies
145 prepaid insurance
181 fishing boats
181.1 accum depr- fishing boats
Liabilities
202 accounts payable
219 wages payable
Owners Equity
311 Bob night, capital
312 Bob Night, Drawing
313 Income Summary
Revenues
401 Registration Fees
Expenses
511 wages expense
521 rent expense
523 Office sales expense
524 food expense
525 telephone expense
533 utilities expense
535 Insurance expense
536 postage exp
542 depr exp- fishing boats


April 1st night invested cash in business $90,000
April 1st paid insurance premium for camping season $9,000
April 2. Paid rent for lodge and campgrounds for the month of April, $40,000
April 2. Deposited registration fees. $35,000
April 2. Purchased ten fishing boats on account for $60,000. The boats have
Estimated useful lives of five years at which time they will be donated to
A local day camp. Arrangements were made to pay the boat in July.
April 3rd. Purchased food supplies from acme supermarket on account $7000.
April 5th. Purchased office supplies from Gordon office supplies on
Account $500.
April 7th. Deposited registration fees. $38,600.
April 10th. Purchased food supplies from acme super market on account $8,200
April 10th. Page wages to guides $10.000.
April 14th deposited registration fees. $30,500.
April 16th purchased food supplies from acme super market on account $ 9000.
April 17th page wages to fishing guides, 10,000.
April 18th paid postage. $150.
April 21st deposited reg fees. $35,600.
April 24th. Purchased food supplies from acme super market. $8,500.
April 24th paid wages to fishing guides. $10,000
April 28th deposited registration fees. $32,000
April 29th paid wages to guides $10,000
April 30th purchased food supplies from acme super markets on account $6000.
April 30th paid acme super market on account $32,700
April 30th paid utilities bill $2000
April 30th paid telephone bill $1,200


Adjustment information for the end of April is provided below.
(a) Office supplies remaining on hand $100
(b) Food supplies remaining on hand $8000
(c) Insurance expired during the month of April $1,500
(d) Depreciation on the fishing boats for the month of April $1000
(e) Wages Earned, but not yet paid, at the end of April $500.

Assignment:
1. Enter the above transactions in a general journal. Enter
Transactions from April 1-5 on page 1. April 7-18 on page 2. April 21-29 and
The first two entries for April 30th on page 3. And the remaining entries on page 4.

1. Post the entries to the general ledger. (if you are not using the
Working papers that accompany this text, you will need to enter the ac=
Count
Titles and account numbers in the general ledger accounts)
1. Prepare a trial balance on a work sheet.
2. Complete the work sheet.
3. Prepare the income statement
4. Prepare the statement of owners equity.
5. Prepare the balance sheet,
6. Journalize the adjusting entries
7. Post the adjusting entries to the general ledger
8. Journalize the closing entries
9. Post the closing entries to the general ledger
10. Prepare a post closing balance.

[sexybela]

Im Lost, I need help doing this problem, plisss!