Mason Automotive is an automotive parts company that sells car parts and provides car service...
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Accounting
Mason Automotive is an automotive parts company that sells car parts and provides car service to customers. This is Mason's first year of operations and they have hired you as their CPA to prepare the income statement and balance sheet for their company. As such, January ist, 2018 was the first day thatMason was in business. For the month of January, record all the necessary journal entries for transactions that occurred during the month. In addition, please prepare all necessary adjusting journal entries as of the end of the month. From the information below, please fill out the "journal entries tab for all the necessary journal entries. Furthermore, please complete the "T-Accounts tab for the individual accounts so that the trial balance tab can boe updated (automatically). I prepared the first journal entry for you in the journal entries tab andT-Accounts tab. Ensure you label the entries similar to how I have shown in Entry #1
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