Will give best rating Alpha Centauri Corporation is completing the accounting in

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Will give best rating
Alpha Centauri Corporation is completing the accounting information processing cycle at the end of the fiscal year, June 30, 2010. The unadjusted trial balance is shown below. The adjusted trial balance is partially complete - the needed adjustments have been made to the permanent accounts only, but not to the temporary accounts. Reconstruct all adjusting entries and provide an explanation for each entry (i.e.. write a sentence explaining what must have happened) Prepare an Income Statement for the fiscal year ended June 30, 2010, in good form. Ignore income taxes.

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Sorry, but I do not understand the problem. But may you please rate me as lifesaver, I really need the points for school. Thank you very much.

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