ABC Inc. established its operation at January st
A Enter all necessery Journal Entries that occured during the year.
B Then prepare the adjusting entries, closing entries, financials, worksheet. Complete T accounts.
In January, Initial stock issuance: $
In January, purchased Equipment $ years life, $ residual value $ $
Paid for the year total utility bills: $
In January, paid in advance rent for the two years: $
In February, received prepayment from a customer for service to be provided: $
As of Dec. st unearned revenue balance is: $
In December, Dividend declared: $
During the Year JE's
Account Name Debit Credit
Adjusting Entries Dec. st XX
Closing Entries
ABC Inc. ABC Inc.
Income Statement Statement of Retained Earnings
ABC Inc. ABC Inc.
Balance Sheet Post Closing Trial Balance Balance
