Income statementStatement of retained earningsBalance sheetStatement of Cash FlowDocument Preview:Name____________________________ Prepare journal entries to record each of the following transactions. You do not need to write explanations below the journal entries. Create general ledger accounts for each account and post each of the journal entries to an existing general ledger account. Prepare adjusting journal entries as you deem necessary. Besides the information provided for adjusting journal entries, review the transactions and review your unadjusted trial balance for any other adjusting journal entries you may need to prepare. Post each of the adjusting journal entries to the general ledger accounts. Prepare closing entries and post the entries to the general ledger accounts. Prepare trial balances as you deem necessary. Prepare the following financial statements, in their proper format, for the month of January Income statement Statement of retained earn
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