1.
Journalize each transaction that occurred in May.
2.
Post the transactions to the ledger by creating new ledger accounts.
3.
Prepare an unadjusted
4.
Prepare journal and post the adjusting
5.
Prepare an adjusted trial balance for Incorporation FED at the end of May, income statement, statement of
6.
Prepare income statement, statement of retained earnings for the three month period March 1 to May 31, 2016 and balance sheet at May 31, 2016.
7.
Prepare journal and post the closing entries.
8.
Prepare a post-closing trial balance at May 31, 2016.
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