The journal entries for August Carley s Car Care s second

month
The journal entries for August, Carley’s Car Care’s second month of business, have been
journalized in the general journal in your Working Papers or in CengageNow. The balances of
the accounts as of July 31 have been recorded in the general ledger in your Working Papers or
in CengageNow. Notice the word Balance in the Item column, the check mark in the Post. Ref.
column, and the fact that the amount is in the Balance column only. This indicates a balance
brought forward from a prior page or month. Required 1. Write the owner’s name, M. Carley, in
the Capital and Drawing accounts. 2. Post the general journal entries to the general ledger
accounts. 3. Prepare a trial balance as of August 31, 20—. 4. Prepare an income statement for
the two months ended August 31, 20—. 5. Prepare a statement of owner’s equity for the two
months ended August 31, 20—. 6. Prepare a balance sheet as of August 31, 20—.View Solution:
The journal entries for August Carley s Car Care s second month
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