Accounting 10, 20, 30

(a)	Prove the accuracy of the general ledger for a merchandising business by preparing a trial balance.
(b)	Complete a worksheet by organizing and planning adjustments and sorting account balances into the correct financial statement columns to calculate the net income/loss.
(c)	Prepare a balance sheet, income statement and statement of owners' equity for a merchandising business.
(d)	Examine and discuss who reads financial statements and why they do.
(e)	Prepare the journal entries for adjusting and closing entries for the end of the accounting period in the general or synoptic/combination journal.
(f)	Post the adjusting and closing entries by transferring them from the journals to the general ledger to close the temporary accounts and prepare the business books for the next accounting period.
(g)	Prepare a post-closing trial balance to check the equality of the general ledger upon completion of the accounting cycle in a merchandising business.