INSTRUCTIONS
1) Enter the transactions for Weeks 1 – 5 into the appropriate Journal for the month of June 2025. Next, post all the Journal transactions to the ledger accounts
as specified in the “Account System Information” section of the introduction.
2) Total all Special Journal
columns and post to the appropriate ledger
account at the end of the month.
3)
Prepare the unadjusted Trial Balance as at 30 June 2025 on the Worksheet provided.
4) Prepare the adjusting entries
shown on page 10 in the General
Journal and post to the relevant ledger
accounts. Now enter the
adjustments in the relevant worksheet columns and prepare an adjusted Trial Balance.
5) A Stocktake on 30 June 2025 indicates
that the balance
of Closing Inventory
is $8,498,952. Use this information to complete the remaining columns of the worksheet.
6)
Use the worksheet to prepare the Income Statement and Balance Sheet.
7) Complete the Schedule of Accounts Receivable and Schedule of Accounts Payable.
Ensure the balances
agree with the totals in the control accounts.
8)
Prepare closing entries
and post to the relevant
general ledger accounts.
9)
Complete the post-closing Trial Balance as at June 2025.
INSTRUCTIONS 1) Enter the transactions for Weeks 1 – 5 into the appropriat
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