Karen just started his beauty clinic business named Karen Beauty Clinic at 1 June 2020. Below is the adjusted trial balance at 30 June 2020.
Qustion 1
Referring to the information above, please do the following:
a. Make the necessary closing entries for the accounts.
b. Make the Income Statement and Statement of Changes in Equity for the year ended 30 June 2020 and Balance Sheet as at 30 June 2020 (including the correct title and classification, e.g. current & non-current).
Please pay attention on presentation and format (make the tables, etc) as there will be some marks allocated on those.
Question 2
Explain what “Reversing Entries” is (around 200-300 words) in a word document. Your explanation must also contain
a. When you should make it.
b. The purpose of making it.
c. Two specific examples of transaction or account that need reversing entries and please show how you will make the journal for adjusting, reversing and subsequent entry, including the effect on general ledger.
The post beauty clinic business appeared first on Homework Aider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
