Penn Foster 06155200 - Graded Project (J&L Accounting, Inc)
Penn Foster 06155200 - Graded Project (J&L Accounting, Inc) Penn Foster 06155200: Graded Project Lesson 1: Business, Accounting, and You (J&L Accounting, Inc.) PROJECT GOAL The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: - Balance sheet - Income statement - Statement of retained earnings - Post-closing trial balance The financial statements must be created in one Microsoft Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). The Word or Excel file will be uploaded for grading. The following financial statements are provided from the prior accounting period for J & L Accounting, Inc.: a) Post-closing trial balance b) Balance sheet c) Income statement d) Statement of retained earnings J & L Accounting, Inc. Post-Closing Trial Balance December 31, 2012 BALANCE ACCOUNT TITLE DEBIT CREDIT Cash, Business Checking 20,500.00 Accounts R...