This is a project for accounting, pereparing financial statement by doing the following.
1. Check and use the charts of accounts provided (do not creat new account)
2. prepare the bank cash reconciliation
3. prepare the general for the month of september (all journal entries including AJE) Prepare closing Entries for the month of speptember to continue with the business in the month of October as thenext period.
4. post all the transaction to the T-account and prepare a trail balance showing the balance of each of these account for the month of september (end of the month).
5. prepare the financial statments in good form for the month of september including contingency disclouser that are exclusive of thetransaction of this case ( do not include general note). prepare an Income Statment a statment of owners Equity (retained Earnings) and a statment of Financial positinon (Balance sheet). Cahs flow statment is not required.
Step 2. Analyze the financail statment and the answer the follwing question.
1. make one clear suggestion of how the business can improve its net income?
2. With the data of the financial statments that you have completed, is the business sustainable, Explain.
I will be sending you the entire project which has the all information, this is whats been asked from it, you could find these inside the project as well.
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