Exercise 02.08 – Craft Company
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record transactions for equipment, services, rent, supplies, salaries.
Record transactions for equipment, services, rent, supplies, salaries.
Record transactions for equipment, services, rent, supplies, salaries.
Record transactions for equipment, services, rent, supplies, salaries.
Provide an explanation for each transaction.
Record transactions for advertising, supplies, salaries, revenue, utility.
Record each transaction (stock, loan, equipment, advertising, revenue, salary).
Record each transaction (stock, loan, equipment, advertising, revenue, salary).
Assess whether the record transaction is correct or not.
Determine whether the each transaction is recorded correctly and if not, make the corrections.
Given a list of transactions… post the transactions to a T-account along with calculating the ending balance.