View the step-by-step solution to:

Instructions Included are the unadjusted trial balance for Sinfully Sweet Desserts at December 31, 2018, and a list of adjusting journal entries...

This question was created from ACCT207AccountingCycleProjectFALL2018.pdf https://www.coursehero.com/file/36144174/ACCT207AccountingCycleProjectFALL2018pdf/

36144174-303954.jpeg

could u please help me with this entire assignment i dont know where to put anything

36144174-303954.jpeg

Instructions
Included are the unadjusted trial balance for Sinfully Sweet Desserts at December 31, 2018, and a
list of adjusting journal entries required at year—end. First, enter the December 31, 2018, beginning balances from the Unadjusted Trial Balance
into your accounting “system” (i.e., enter the beginning balances into the T—accounts
provided on pp. 4—7). Second, “recor ” (i .e., write out in proper journal entry format) each of the adjusting entries
from page 3 on page 8 (i.e., on blank page with the header “Adjusting Entries”).
IMPORTANT — Don’t forget to post each of these adjusting entries to the correct T—
accounts on pp. 4—7 — this ensures that your adjusting entries are properly updating the
various accounts in your “system”. After journalizing and posting all of your adjusting entries, tally up all the ending balances
in the T—accounts on pp. 4—7. Then, use these ending balances to fill out the Adjusted Trial
Balance on page 9. From the Adjusted Trial Balance, then your accounting “system” (i.e., you) will complete
the Multiple—Step Income Statement (p. 10), Statement of Retained Earnings (p. 11) for the
year ended December 31, 2018, and the Classified Balance Sheet (p. 12) as of December 31,
2018. (Hint: One of your asset accounts will have a zero balance.)

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question