Problem 2.07A – Ute Sewing Shop
Financial Accounting
Spiceland, Thomas, and Herrman
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 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.
Given a general ledger for the company along with a summary of transactions made… set up t-accounts, record each transaction, post transactions to accounts, prepare an unadjusted trial balance, prepare an income statement, prepare a balance sheet, and record closing entries.
Given cash records and bank statements along with additional information… prepare a bank reconciliation while also recording necessary adjustments.