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
BALANCE SHEET A financial report that shows the resources, obligations, and stock of a business at a specified time frame in complying with usually recognized sales concepts (GAAP

difference between historigrams and histogram

1. MMC's CEO, Dr. Warren A. Beatty (Not the actor) believes that the demand trend for MMC is essentially linear. Thus, he wishes to determine if linear regression would be an effec

The mean length of the work week for the population of American workers was reported to be 39.2 hours with a standard deviation of 4.8 hours in September, 2000. A researcher wants

The following are actual data showing the latitude of a sample of major cities in the northern hemisphere and their mean high annual temperature. latitude(X)

Explain how you would decide whether to use the additive model or the multiplicative model to analyse a time series.

1. Suppose that there is a Beta(2,2) prior distribution on the probability µ that a coin will yield a "head" when spun in a speci?ed manner. The coin is independently spun 10 times

Binding studies were carried out in which heparin was immobilized on the surface of cuvettes. The pH dependence of HPRG binding to heparin was investigated and the results are show

Assignment on objective of cost accounting briefly discuss.

Expertsmind.com  brings you unique solution in  physics What is Gain bandwidth product (GBW OR GB?)    Refer to the multiple of the open loop gain (continuous for a