Disney Amusement Park, Inc. has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.
Instructions:
(a) Prepare a complete worksheet using trial balance.?(Adjustments Dr. & Cr; Adjusted Trial Balance Dr. & Cr; Income Statement Dr. & Cr; Balance Sheet Dr. & Cr)
(b) Prepare a classified balance sheet. (Note: $10,000 of the mortgage note payable is due for payment in the next fiscal year.) (List assets in order of liquidity and liabilities from largest to smallest eg 10, 5, 3, 2, with notes first.)
(c) Journalize the adjusting entries using the worksheet as a basis.
(d) Journalize the closing entries using the worksheet as a basis.
(e) Prepare a post-closing trial balance.
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