See attached files.
You are provided with the month-end trial balance and data needed for the month-end adjustments for a merchandising company. The data is contained in the attachment. Complete the ledger accounts, the adjusted trial balance for the month-end, and prepare the financial statements. In addition, journalize and post the adjusting and closing entries. You are also required to post the adjusting and closing entries, using dates.
The solution explains the accounting cycle till the posting of closing entries