Exam_One_Review_Problem

Exam_One_Review_Problem - Accounting Cycle Practice Problem...

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Accounting Cycle Practice Problem Exam One Review The following problem is designed to help you review all the steps in the accounting cycle which were learned in chapters 1 through 4. In this problem, you will complete the Accounting Cycle for Landry Accounting Services. To aid in your process, you will use the provided Working Papers to record your work. Additionally, some of the below steps have been completed for you as listed below. Steps in the Accounting Cycle 1 Analyze Business Transactions 2 Journalize the Transactions 3 Post to Ledger Accounts Completed in Working Papers 4 Prepare a Trial Balance Completed in Working Papers 5 Journalize and Post Adjusting Entries 6 Prepare an Adjusted Trial Balance Completed in Working Papers 7 Prepare Financial Statements 8 Journalize and Post Closing Entries 9 Prepare a Post-Closing Trial Balance Completed in Working Papers Needed Information: On December 1, 2011, Lauren Landry launched a CPA firm called Landry Accounting Services, which is organized as a corporation and provides bookkeeping, tax, and general accounting services. Landry adopts the calendar year for reporting purposes and expects
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This note was uploaded on 02/27/2012 for the course ACCT 2000 taught by Professor Holmes during the Spring '08 term at LSU.

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Exam_One_Review_Problem - Accounting Cycle Practice Problem...

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