Required to prepare the Journal Entries for November, November Posting of Entries (including closing entries), November Trial Balance,November Income statement, November Retained Earnings statement, November Balance sheet, December Journal entries, December Posting of Entries (including adjusting and closing entries), December trail balance, December Income statement, December Retained earnings, December Balance sheet.
BEACON LUMBER, MONTH OF NOVEMBER TRANSACTIONS
Nov 4 On this day an entrepreneur (Investor #1) created the Beacon Lumber
corporation and purchased 20,000 shares of its common stock for $20,000.
The corporation will operate a lumberyard and building materials business in
a medium sized city not far from your school. The business will prepare
financial statements monthly.
Nov 4 Later in the day two other investors purchase shares. Investor #2 purchases