BE 02.03 – Local Company & Missing Balance Sheet Amounts
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given balance sheet accounts… calculate the missing amounts.
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Given balance sheet accounts… calculate the missing amounts.
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Given transactions (truck, supplies, rent)… record each.
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Given a list of transactions… record each. (Music lessons, insurance, equipment, Note, etc.)
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Given a cash T-Account… determine the balance in the cash account along with determining the transactions that would have resulted in different postings.
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Given three transactions… analyze each using the accounting equation, record each transaction, and post each to T-accounts.
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Given a trial balance with incorrect inputs… use that information to prepare a properly formatted trial balance.
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