Balance sheet assignment, accounting, Basic Statistics


The High Company Balance Sheet Assignment (to be completed using Microsoft Excel)

-Create T accounts for each transaction #1-10
-Create a trial balance
-Create Income Statement
-Create a Statement of Owners Equity
-Create a final balance sheet

1. The owner supplies equity to begin the company in the amount of $350,000
2. Owner rents office space and pays $24,000 in advance
3. Owner purchases office furniture for $18,000 on account.
4. Owner purchases a lap top computer for $2,500 for cash.
5. Owner purchases office supplies for $3,500 for cash.
6. Owner sends bill for service to client for $36,000.
7. Owner pays employees salaries for the month $21,500.
8. Owner pays $6,000 toward office equipment purchased in #3.
9. Owner collects fees for service $36,000.
10. Owner pays utilities expense for the month of $2,100.
Posted Date: 2/26/2012 3:07:08 PM | Location : United States







Related Discussions:- Balance sheet assignment, accounting, Assignment Help, Ask Question on Balance sheet assignment, accounting, Get Answer, Expert's Help, Balance sheet assignment, accounting Discussions

Write discussion on Balance sheet assignment, accounting
Your posts are moderated
Related Questions
Explain Book value The net quantity at which an advantage or asset group appears on the books of account, as distinguished from its marketplace or intrinsic value where book value

Skewness It is the comparison of the mean, median and mode can reveal information about the characteristics of skewness. Definition The distribution of the data is ske


HOW I CAN WORK UPON EWMA CHARTS?

how to figure out cost of good available for sale, cost of sales, ending inventory

How does skewness affect different areas of accounting?

what is probebility? and how to solve the sums of this?

what are the procedure of job order costing

Consider a person who repeatedly plays a game of chance (gambling)with two results possible (win or lose) with a probability p = 0, 3 to win. If the person has bet x amount and if

1. Suppose you are given a dataset that consists of a random sample of tasters, on which the following variables were obtained: (y) Zpref = taste preference for green beans stor