Problem 2.04 & 2.05 – Eli’s Insurance Services
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given a list of transactions… record each along with determining the impact on the accounting equation.
Given a list of transactions… record each along with determining the impact on the accounting equation.
Given a list of transactions between two companies… record the journal entries for both along with indicating the impact each transaction has on the accounting equation.
Given a list of transactions… record each transaction, post them to T-accounts, and prepare a trial balance.
Given a list of transactions… record each transaction, post each transaction to a T-account, determine the ending balance, and lastly prepare a trial balance.
Given a beginning trial balance and list of transactions… prepare journal entries for each transaction, use T-accounts to calculate the ending balance, and prepare an end-of-month trial balance.
Given a trial balance and list of transactions… record each, post each, calculate the balance of each account, and prepare a trial balance.
Given a trail balance at the beginning of the month… prepare journal entries for transactions throughout the month along with posting them to T-accounts and preparing an ending trial balance.
Given a trial balance and list of transactions… record each, post each to a T-account, determine the balance of each account, and lastly prepare a trial balance.
Prepare all 4 financial statements.
Given an adjusted trial balance… prepare an income statement, statement of stockholders’ equity, and classified balance sheet.