Sep 25, 2017 term paper 2

THE FOLLOWING JOURNAL ENTRIES WERE PREPARED FOR ELGERT CORPORATION FOR ITS FIRST MONTH OF…

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The following journal entries were prepared for Elgert Corporation for its first month of operation, January 2015.

Required:

1. Prepare necessary general ledger T-accounts and post the transactions.

2. Prepare a trial balance at January 31, 2015.

3. Prepare an income statement and statement of changes in equity for the month ended January 31, 2015 and a balance sheet at January 31, 2015.



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