In Excel, Work Problem P3 – 4A and then prepare the t-accounts and financial statements. Then make the closing entries and prepare the Post-Closing Trial Balance.
Journal Entries should be one page, t-accounts another page, Income Statement one page, Statement of Stockholder's Equity one page, the Balance Sheet one page, and the Post-Closing Trial Balance is on one page.
P34A Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end.