ACRGreen River Computer Instructions

School: Louisiana State University - Course: ACCT 3001 - Subject: Accounting

Name: ___________________________________Section No.:_________ ACCT 3001Accounting Cycle Review Problem Purpose of the Assignment The purpose of this project is to reinforce your understanding of the accounting cycle. The assignment requires you to record and post transactions, adjusting journal entries, and closing journal entries; prepare trial balances (unadjusted, adjusted, and post-closing), and prepare financial statements. This project is to be completed by the individual effort of each student.Please print this page and sign the below statement to acknowledge that you have completed this project through your own efforts. Accounting Cycle Review Project Honor Statement I have completed this cycle project by my own efforts. I have not copied any parts of the project from another student, nor have I allowed another student to copy from my project. Additionally, I have not collaborated with other students on the project. _________________________________________________________________ Print NameSignature _________________________________ Date This page should be included as the cover page of your completed assignment. Page 1 of 4 Note: All work must be submitted in handwriting on the working papers provided. See Moodle for Excel document containing working papers.

ACCT 3001Accounting Cycle Review Problem Instructions and Requirements Using the workpapers provided, complete the following: 1)Prepare journal entries to record each December transaction for Green River Computer Consultants. 2)Post the journal entries from requirement 1 to the General Ledger. 3)Prepare an unadjusted trial balance as of December 31, 2022. 4)Journalize and post all necessary adjusting entries. 5)Prepare an adjusted trial balance as of December 31, 2022. 6)Prepare a single-step income statement for the year ended December 31, 2022 7)Prepare a statement of retained earnings for the year ended December 31, 2022. 8)Prepare a classified balance sheet as of December 31, 2022. 9)Journalize and post the necessary closing entries. 10)Prepare a post-closing trial balance as of December 31, 2022.