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new accounts usingsubsequent account numbers where necessary

    new accounts usingsubsequent account numbers where necessary.2. Prepare an Unadjusted Trial Balance on the worksheet provided.3. Record all the necessary balance day adjustments for June in the GeneralJournal and post to the General Ledger accounts.4. Prepare an Adjusted Trial Balance on the Worksheet provided and completethe worksheet.5. Record all closing entries in the General Journal, however, do not post themto the relevant general ledger accounts until you have checked that the TrialBalance is correct.6. Prepare the Income Statement (using the Functional format) for the yearending 30 June 2016.7. Prepare the Statement of Changes in Equity for the year ending 30 June2016.8. Prepare the classified Balance Sheet as at 30 June 2016.9. Prepare the Cash Flows (Simplified Statement) for the month ending 30June 2016.a. Note: without the balances as at the 1st July 2015 (or alternatively the CashReceipts and Cash Payments Journals for the entire year) it is not possible tocalculate the proper Statement of Cash Flows!b. A simplified approach has been provided in the Excel template!18RTK Buderim Mowers – Practice Set4. PART B – CRITICAL ANALYSESYou are required to complete the questions that are in the special Test ofKnowledge section on Blackboard for the proportion of marks from the majorassignment. The questions are pertinent to your completion of the learning fromthe major assignment and from the application of basic accounting knowledge aswell as critical thinking skills.

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