Identifying a Business Issue.
1-2 pages; journal entries, trial balances, financial statements, and ratio calculations
View objectives for this assignment. This company (Which is HP)is an American multinational information technology company. In this assignment, you are going to complete the entire accounting cycle for the last month of the physical year ending May 31, 2015:
The company uses the following accounts:
Cash Capital Stock
Inventory Retained Earnings
Prepaid Rent Dividends
Unexpired Insurance Income Summary
Office Supplies Sales
Rental Equipment Salaries Expense
Accumulated Depreciation: Computer Equipment Repair Expense
Notes Payable utility Expense
Accounts Payable Rent Expense
Interest Payable Office Supplies Expense
Salaries Payable Depreciation Expense
Dividends Payable Interest Expense
The company performs adjusting entries monthly. Closing entries are performed annually on May 31.
During May, the corporation entered into the following transactions: For more information on Business Issue check on this: https://en.wikipedia.org/w/index.php?search=Business+Issue
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