For your sixth assignment, continue using the computer-based accounting system to account for JP Racing Incorporated. In this assignment you will account for the company’s adjusting activities at the end of September. You must examine data, prepare five adjusting journal entries, and use the computer to put the journal entries into the computer-based accounting system and generate a few accounting reports. You will use the results of your work to answer a few audit test questions. To account for JP Racing Incorporated’s adjusting activities at the end of September, you should take the following steps.Using the chart of accounts option, add the following accounts to the chart of accounts.
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