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Your Company was incorporated on January 1, 2021. The business provides a full range of landscaping services, including landscape design, construction, and maintenance. Attached is a listing of all transactions that occurred during the first three months of operations (Project 1 DETAIL.pdf).

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Using the attached template (Project 1 Template.xlsx) complete the following tasks:

  1. Prepare journal entries for each transaction listed above (with descriptions).
  2. Post journal entries to the general ledger accounts.
  3. Prepare an unadjusted trial balance.
  4. Prepare all necessary adjusting journal entries (with descriptions) and post to the general ledger.
  5. Prepare an adjusted trial balance.
  6. Prepare the following financial statements:
    • Income Statement
    • Statement of Stockholders’ Equity
    • Balance Sheet (classified)
  7. Prepare closing entries and post to the general ledger

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