(solution) Please refer to the attachment to answer this question. This

(solution) Please refer to the attachment to answer this question. This

Please refer to the attachment to answer this question. This question was created from SMC Comprehensive Problem[1] https://www.coursehero.com/file/6949453/SMC-Comprehensive-Problem1/?focusQaId=9856999 The following text was automatically generated from the attachment: Journalize the transactions for 2011, using the accounts listed on the financial statements and other appropriate accounts. Journalize any necessary adjusting entries at the end of 2011. (Hint: Items b, c, d, e, m, o, andp require adjustment.) Set up T-accounts and post all current yearjournal entries to the T-accounts. After the adjusting entries are posted, prepare a trial balance, a balance sheet, and an income statement for 2011. (Hint: Total assets should equal $155,925 and Income before income taxes should equal $39,600.) Journalize and post closing entries for 2011 and prepare a post-closing trial balance.