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On the following tab you will find the post close Trial Balance for Whitlow Manufacturing Corporation for the year ended December 31, 2023. You will also find the transactions for the Month of January 2024 and the early part of February. You are required to do the following: 1) Prepare the January Transactions in Good form 2) Post those to T-Accounts 3) Pull an Unadjusted Trial Balance from the T-accounts and put it in a worksheet 4) Do the adjusting entries in good form 5) Post those to your worksheet 6) Complete the worksheet for the adjusted Trial balance, income statement columns and the balance sheet columns 7) Prepare the formal financial statements other than cash flow 8) Prepare the closing entries and post them to the worksheet 9) prepare the post-close Trial balance on the worksheet Please complete this take home portion of the exam by Friday night at 11:59PM

On the following tab you will find the post close Trial Balance for Whitlow Manufacturing Corporation for the year ended December 31, 2023. You will also find the transactions for the Month of January 2024 and the early part of February. You are required to do the following: 1) Prepare the January Transactions in Good form 2) Post those to T-Accounts 3) Pull an Unadjusted Trial Balance from the T-accounts and put it in a worksheet 4) Do the adjusting entries in good form 5) Post those to your worksheet 6) Complete the worksheet for the adjusted Trial balance, income statement columns and the balance sheet columns 7) Prepare the formal financial statements other than cash flow 8) Prepare the closing entries and post them to the worksheet 9) prepare the post-close Trial balance on the worksheet Please complete this take home portion of the exam by Friday night at 11:59PM in. 1 Sold menchandise for cash, $2,$00, The cost of the merchandise was $1,000 The company uses the perpetuat inventory system. 2 . Nurthased a two vear insurance policy tor $1,600 3 the Componrsold stock to their owners in the total amount of 320,000 1 Sold mechandise on account for 54,000 . The cost of the metchandise was 51,200 . 10 Purchased merchandise on accoun for $9,000 13 Punchased ecuipment for cash, 5700 with a 7 v tife depr on the 5 bosis IS Toci pult a 55000 note povable due at the end of 60 days with intereat parable at that time of 65 is Pald the entice amount due to the Strons Company. is Recceived SS.900 from customers on accourit. 20 Faid S1600 to the owner of che buildine for Ianuarys and Februaryient 10 Paid emplovees $2,000 for salories for the month of lenuary. 11. Paid a cash dividend of 52000 to shareholders. Note: the fedelal and state corporate income tax rate is sos Feb 1 Bilied innugn Sales to customers for $7000 with a cont of $1000 Purchase? Merchandise for $1000 cash

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