Chapter 4, Problem 4CACR

(a)

To determine

Enter the beginning balances of July in the ledger accounts.

(b)

To determine

Journalize the transaction of Company G for the month of July.

(c)

To determine

Post the journal entries to the respective general ledger accounts.

(d)

To determine

Prepare the trial balance of Company G at July, 31.

(e)

To determine

Journalize the adjusting entries of Company G for July 31, and post the adjusting entries to the ledger accounts.

(f)

To determine

Prepare an adjusted trial balance of Company G at July 31.

(g)

To determine

Prepare the income statement for the month of July, the retained earnings statement for the month of July, and the classified balance sheet of Company G, as on July 31, 2017.

(h)

To determine

Prepare the closing entries of Company G, and post the closing entries of Company G to the respective ledger account.

(i)

To determine

Prepare a post–closing trial balance of Company G at July 31.