Instruction
Instructions
From the information you have received, complete the following steps:
Step 1 Journalize the transactions for the month of October 2015. Journal descriptions are not required at the end of each transaction.
Step 2 Journalize the adjusting entries.
Step 3 Post the transaction journal entries to the General Ledger Accounts. (Tip: Work from a hard copy of the Journal.) Do not post the adjusting entries to the Ledger.
Step 4 Produce a Trial Balance on the Worksheet for the year ended October 31, 2015.
Step 5 Add the adjusting entries and complete the Worksheet.
Step 6 Create the Income Statement (including a detailed cost of goods sold section) and the Balance Sheet from the completed Worksheet.
Step 7 Journalize the closing entries.
USE THE FUNCTION FEATURE OF EXCEL FOR ALL CALCULATIONS AND TO TRANSFER FIGURES FROM ONE CELL TO ANOTHER
If your computer monitor is small, use the zoom slide on the very bottom right corner of the spreadsheet.