Odd Springs Trading Company Practice Set
As the accountant for Odd Springs Trading Company, you must
1 -- Record the transactions for the month in the general journal.
2 -- Post the general journal entries to the general ledger accounts and
also provide the proper referencing and running totals.
3 -- Prepare the trial balance, based on the ledger balances, before adjusting entries are made.
4 -- Prepare the worksheet.
5 -- Prepare any necessary adjusting journal entries to the general ledger accounts.
6 -- Post the adjusting journal entries to the general ledger accounts.
7 -- Prepare the adjusted trial balance, based on the ledger balances.
8 -- Prepare the closing journal entries as of the month end.
9 -- Post the closing journal entries to the general ledger accounts.
10 -- Prepare the post-closing trail balance, based on the ledger balances.
11 -- Prepare the financial statements, including the
Multiple-step Income Statement
Statement of Owner's Equity
Classified Balance Sheet
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