- Prepare journal entries to record each of the April transactions and events for Technology Business Solutions. Post these entries to the t-accounts.
- Prepare adjusting entries to reflect a through g. Post these entries to the t-accounts.
- Prepare an adjusted trial balance as of April 30, 2020.
- Prepare an income statement for the month ended April 30, 2020.
- Prepare a statement of retained earnings for the month ended April 30, 2020.
- Prepare a balance sheet as of April 30, 2020.
- What would the total Cost of Goods Sold be if you were using the FIFO Costing Method.
Sample Solution
