<<Date>> <<Fiction>> <<Address>> <<City>>, <<State>> <<Zip>> The enclosures, a notice of my acceptances and written payment plan therewith, are items eligible for adjusting entries in the ledger of this accou nt (assetts and pre-paid items etc.) accordong to the summery of adjustments in Intermediate Acco unting Practice. These adjustments include: pre-paid expenses, unearned revenue, accrued liabilities, accrued assetts, and estimated items that include subjective future events. These items that transfer to a suspense account are in fact, the owner’s equity (the owner in this c ase being me, the principle). A transfer of ne t purchases to cost of goods (services) sold is in-order, to reduce the balance in this account to zero for closing, post closing, and reversing entries. Reversing entries are made for pre-paid revenue when the initial entry is made to the revenue account. Thus, all adjusting entries for pre-paid items for which the original amount was entered in a revenue or expense account, all accrued items should be reversed. 1. Please close this account immediately and enter the transactions of the period in appropriate journals. 2. Post the j ournals to t he l edger(s). 3. Take an unadjusted trial balance (first trial bal ance – prior). 4. Prepare adjust ing journal entries and post to the ledger(s) . 5. Take a trial balance after adjust ing (second trial balance). 6. Prepare the financial stat ements from the second trial bal ance. 7. Prepare closi ng journal entries and post t o the ledger(s). 8. Take a trial balance after closi ng (thir d trial balance). 9. Prepare revers ing entri es and post to the ledger (my option). Please provide me with a copy of the journal ledgers and the final statement worksheets for this account that you use to determine the unpaid or owing amoun t, if you continue to refuse to close this account, and provide me with the confirmation statement for both the buy and sell orders of this account, and your check made payable to me and ____________________________________________________(if bank,”my fiduciary”). Your failure to close this account immediately will otherwise result in a Federal Agen cy investigation of your use of securities etc. Until then I am... Very truly yours, <<My_First>> <<My_Middle>> <<My_last>> Employer Identification No. : <<My_Employer>> copy: SEC file
