Accounting transactions, year-end accounting, job order costing and activity based costing
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Bob has organized a new business called Bob's Shovels Inc.
I need help posting transactions from Bob's Shovels to his General Ledger, posting adjusting entries and closing entries, closing out the Income Summary account to Retained Earnings, and preparing a Balance Sheet and Income Statement for the year end.
I also need help with a job order costing question and activity-based costing question.
I've attached the questions below.
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Solution Summary
This solution provides guidance for problems related to accounting transactions for a theoretical new company.
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I've provided a detailed spreadsheet which shows all the transactions ...
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