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April transactions and events for Technology Business Solutions

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

Sample Solution

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