Lee Manufacturing Corporation was incorporated on January 3, 2018. The corporation’s financial statements for its first year’s operations were not examined by a CPA. You have been engaged to examine the financial statements for the year ended December 31, 2019, and your examination is substantially completed. Lee’s trial balance at December 31, 2019, appears as follows:
The following information relates to accounts that may vet require adjustment:
Required:
Prepare a worksheet (spreadsheet) to adjust accounts that require adjustment and prepare financial statements. Formal adjusting journal entries and financial statements are not required. No intangible assets are impaired at the end of 2019. Ignore income taxes.
Corporate Financial Accounting
Financial & Managerial Accounting
Financial And Managerial Accounting
Accounting Information Systems
Financial Accounting
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Management, Loose-Leaf Version
Essentials of Economics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Essentials of Business Communication (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Fundamentals of Financial Management (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Principles of Macroeconomics (MindTap Course List)
Foundations of Business (MindTap Course List)
Accounting Information Systems
Principles of Microeconomics (MindTap Course List)
Contemporary Marketing
College Accounting (Book Only): A Career Approach
Financial & Managerial Accounting
Accounting (Text Only)
Financial Accounting
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Pkg Acc Infor Systems MS VISIO CD
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Cornerstones of Cost Management (Cornerstones Series)
Economics For Today
Economics (MindTap Course List)
Microeconomics
Practical Management Science
Purchasing and Supply Chain Management
Macroeconomics
Cornerstones of Financial Accounting
Managerial Accounting
Economics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Microeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
Micro Economics For Today
Principles of Microeconomics
Understanding Management (MindTap Course List)