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"P3.12B (LO 3,4,8) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Young Company has a fiscal...

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Accounting

image "P3.12B (LO 3,4,8) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Young Company has a fiscal year ending on June 30 . Selected data from the June 30 worksheet are presented below. Instructions (a) Prepare a complete worksheet. (b) Prepare a classified balance sheet. (Note: $12,000 of the mortgage payable is due for payment in the next fiscal year.) (c) Journalize the adjusting entries using the worksheet as a basis. (d) Journalize the closing entries using the worksheet as a basis. (e) Prepare a post-closing trial balance

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