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1. The chart of accounts and the post-closing trial balance as of September 31, 2022 are given. For each account in the pos-closing trial balance, enter the balance in the appropriate Balance column of the General Ledger. Date the balances September 30, 2022, and place a check mark ( ) in the Posting Reference column. Journalize each of the October transactions in the journal provided using Target Company's chart of accounts. (Do not insert the account numbers in the journal at this time). 2. Post the journal to the ledger. (Remember to enter Post References) 3. Prepare an unadjusted trial balance. 4. At the end of October, the following adjustment data was assembled. Use the data to complete instructions (5) and (6): Supplies on hand were $1,400 Rent expired during the month $1,700 Unearned fees at the end of the month was $2,500 Insurance expired during the month was $400 Accrued salaries payable were $320 Depreciation on equipment during the month was $425 8. 5. Optional: Enter the unadjusted trial balance on an end-of-period spreadsheet/worksheet and complete the worksheet as you continue with the project. I 6. Journalize and post adjusting entries. 7. Prepare an adjusted trial balance. Create the closing journal entries and post them to the ledgers. Indicate closed accounts in the ledger by inserting a line in both of the Balance columns opposite each closing entry. 9. Prepare an Income Statement, Statement of Owner's Equity, and Balance Sheet. (Remember to use correct headings) S21 5035

1. The chart of accounts and the post closing trial balance as of september 31,2022 are given. For each account in the pos-closing trial balance, enter the balance in the appropriate Balance column of the General ledger. Date the balances Septechber 30,2022 , and place a chick markf v) In the Posting Reference column, Journalire each of the October transactions in the fourrial provided using Target Cornpany's chat of accounts. foo not insert the account numbers in the journat at this time) 2. Post the journal to the ledger. (Hemember to enter Post References) 3. Prepare an unadjusted tral balance. 4." At the end of October, the following adjustment dota was assembled. Use the data to complete instructions (5) and (6) - Supplies on hand were $1,400 - Rent expited during the month $1,700 - Unearned fees at the end of he month was $2,500 - Insurance expled durirg the month was $400 - Acerved salaries payable were $320 - Depreciation on equipment during the month was $425 5. Optional: Enter the unadjusted trial balance on an end of-period spreadsheet/workheet and complete the workheet as you continue with the project. 6. Jourralize and post adjusting enfries. 7. Prepare an adjusted tral balance. 8. Create the closing journal entries and post them to the ledgers. Indicate closed accounts in the Hedger by inserting a line in both of the Balance columns opposite each closing entry. 9. Prepare an incotne Statement, statement of Owmer's Equity, and Balance sheet. (Remember to use correct headings)

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