2:21 Il LTE Done CHAPTER 01 a - Stuff & Claims (2... Chapter 1 - Sudame. SOLID FOOTING 15 Chapter 1 Homework Problem 1-1 The Coffee Can Accounting System In this problem you are the only one You are saving for a troby puting your money into coffee con. When it is time to take the tip, the coffee can satte short of the cash you need to your trip Your Grandma Smith and Grandma Jones on the collect the additional care need for the trip Your Grandmas do not change any interest on the Ather your your trip, you continue to put money into the coffee can from wages you eam from your summer job. You then pay your grandman with cash from the coffee can her paying offers some cash remaining in the coffee can which you will use for a future tre Use the Excel Workbook Chapter 8 - Problem S-1 Formats complete problem Note: If you have a printer available primiting this page may make it easier to complete problem Requirement A Label the accounting equation above the accounts B. You will lize the following four accounts Cash Note PayableSin. Note Paleones and My Equity Label the four accounting the account c. Put Dr and Label at the top of each account D. Because you are just staring your Coffee Can system, put a beginning balance of 200 each account Label the amounts te Requirement 2 For each of the following transactions make the required in account The son of the action that you are in the world te we For example the detton for radion Acould be the ... A. You put into the Coffee Can B. You put $125 into the Coffee Can c. Grandma Smith loans $300 to the Coffee Can D. Grandma Jones kans $250 the Coffee Can E. You take all of the money out of the Coffee Can and go on your trip Mint it is OK for the My Billy cut the debate at this time You put $500 into the Coffee Can G. You put $375 into the Coffee Can H. You take cash out of the Can and pay on the soul amount owed to Grande Jones L You take cash out of the Con and pay of the total amount owed to Grande St Requirements Compute an ending balance for each account Requirement Prepare a Trul Balance 16 SOLD FOOTINO Problem 1-2 True False Questions If this problem is assigned as a homewon tumine the Exel work ook Cli 2:21 val HET Done CHAPTER 01 a - Stuff & Claims (2... H. You take cash of the Can and pay off the total amount owed Grandma Jones 16 of 16 hot of the Car and Day of the total amount owed Grandinu Compute an ending balance for each account Requirement Prepare a Trul Balance 16 SOLID FOOTING Chart - Sumu Problem 1-2 True False Questions it this problem is assigned as a homework turns the Excel wobook Chapter 01 dProben 1-2 Anwar Sheet to record your Highlight True or False for the fowing on TF 1. Ahler certain types of transactions is OK for the accounting system the mom Total Assess than Total LiabidiesOners Equity came to T F 2. Asset stuff accounts track the dollar amount of a physical and who has claim to the physical asset TF. The main purpose of labany accounts in to keep track of non omnes como TF4. The main purpose of Equity account is to keep track of owners claims organismes TFS. In a counting system. Tot Assets are not quito Toimisto Then the Balance Sheet report will be related as the Unite Sheet report TF & The Dutt side of an account in teleside and the Debice account is the right side T. 7. The Credit side of all accounts as the right TF In accounting systems that Debita and Credis, only positive reste put into the account T. 9. The following is a consummary of the forces In asset the amount is placed on the inside of the account, the balance in the account is need Debaty court and it in liquiry accounts, the amount side of the account, the balance in the account created hall Asset accounts the amount is placed on the right fordi de ore nabytours and all in ouy the amount is placedon the len (dobit side of the count the balance in the account is de F 10. The Trul Balance its of the individual transactions were read Asset Liability, and Equity accounts ili Chapter 01b - THE CASH BUCKET (used in Chpt 1) XLSM File Edit View Insert Format Data Tools Help Last edit was 32 minutes ago 7 100%. $.00 123- Arial 10 BISA fx ...9.0 BY. 77 O D B Screen 1A N 2 50 Stuff 50 3 4 Claims-to-Stuff Cash 2 Beginning Balance Claim 0 Beginning Balance 9 10 Current Balance 0 Current Balance 11 3 14 15 Amounts are NOT typed directly into the accounts Amounts are entered into the accounts by clicking the action buttons on the left These are the accounts current pour Cash My cam 16 Sister's Claim 0 16 Beginning Balance Current Balance Report of Stuff and Who has a Claim to the Stuff Stuff Cash Total Stat Claims-to-Stuff My Claim Stutt - D recounting Terms Type here to search + Craya.THE CASHBO dots google.com Chapter 01b - THE CASH BUCKET (used in Chpt 1 SM #m e Edit View insert Format Data Tools Helplastet was 3 metes 090 ton- 50193 Arial 10 BISA - ..... 00 BY- 10 50 Sturl 30 Claims-to-Stuff Cash De Claim Beginning My Claim B Beginning Balance laging 6 Carne 0 Sis Cla Ilging Cars Balance Sheet Stut Cash Tutatum Claims-to-stu Dad's cuin Dod Types o hop Balance Sheet Stuff: Cash Total Stuff Claims-to-Stuff: Dad's Claim My Claim Sister's Claim Total Claims-to-Stuff Stuff. Claims Pad's In 100% $ .00 123 Arial 10 - BISA fx 1... com B D G H 1 K creen 10 M N $0 Assets SO Liabilities 50 = Owners' Equity Beginning Balance Cash D Note Payable Beginning Balance 0 My Equity 0 Beginning Balance Current Balance 0 Current Balance 0 Current Balance Sister's Equity Beginning Balance Current Balance Balance Sheet Assets Casti D Total Assets Liabilities: Note Payable Total Liabilities Owners' Equity Accounting Terme - Debit Credits Type here to search O TOON $ A 09123 Ara 10 BIS ODO 7 - . x c Screen 10 G X N 0 $0 Assets $0 Liabilities + $0 Owners' Equity Di Beginning Balance Cash 0 10 DI Beginning Balance Note Payable CA 0 De Beginning Balance My Equity CE Current Balance Current Balance Current Balance 0 DI Beginning Balance Sit's Equity C Current Balance Balance Sheet Trial Balance Assets: Cash Crede Total Assets Account Name Cash Nota Payable Equy Se's Equity Total Liabilities: Note Payable Total Labies Sturm Atten Debit Credits Type here to search o hp