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Home > Accounting > Required: Prepare the following: 1. Chart of accounts to be used to record the above transactions. 2. Journal entries in a two-column journal. 3. Ledger posting from the journal, inserting appropriate posting reference. 1. Record entries in the general journal. 2. Post to the general ledger. 3. Prepare financial statements; (a) Statement of Comprehensive Income, (b) Capital Statement, (c) Statement of Financial Position.

Required: Prepare the following: 1. Chart of accounts to be used to record the above transactions. 2. Journal entries in a two-column journal. 3. Ledger posting from the journal, inserting appropriate posting reference. 1. Record entries in the general journal. 2. Post to the general ledger. 3. Prepare financial statements; (a) Statement of Comprehensive Income, (b) Capital Statement, (c) Statement of Financial Position.

Chart of accounts

Journal entries

Ledger posting

General journal

General ledger

Financial statements

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