Answered step by step
Verified Expert Solution
Question
1 Approved Answer
accounting Accounting Principles 1 - Assignment Establish a virtual company in your name, suggest and Record at least 10 transactions for the company and use
accounting Accounting Principles 1 - Assignment Establish a virtual company in your name, suggest and Record at least 10 transactions for the company and use them to prepare the following Financial Statements: Income Statement Retained Earnings Statement Statement of Financial Position Assessment Guidelines: * The assignment will be marked out of 25. *Assignment submission Deadline is 15/08/2020. Submissions will be accepted through Blackboard only. * The 10 transactions should Include All of the following items: Assets: 1. Cash 2. Accounts Receivable 3. Supplies 4. Equipment Liabilities: 1. Accounts Payable 2. Note Payable Equity: 1. Share Capital 2. Service Revenue 3. Rent Expense 4. Salaries and Wages Expense 5. Dividends 'Submit your work by uploading it in Microsoft Word format to Blackboard. *Use Your Name as the company name. *Use dates from 1/1/2020 to 31/12/2020 for your transactions. Accounting Principles 1 - Assignment Establish a virtual company in your name, suggest and Record at least 10 transactions for the company and use them to prepare the following Financial Statements: Income Statement Retained Earnings Statement Statement of Financial Position Assessment Guidelines: * The assignment will be marked out of 25. *Assignment submission Deadline is 15/08/2020. Submissions will be accepted through Blackboard only. * The 10 transactions should Include All of the following items: Assets: 1. Cash 2. Accounts Receivable 3. Supplies 4. Equipment Liabilities: 1. Accounts Payable 2. Note Payable Equity: 1. Share Capital 2. Service Revenue 3. Rent Expense 4. Salaries and Wages Expense 5. Dividends 'Submit your work by uploading it in Microsoft Word format to Blackboard. *Use Your Name as the company name. *Use dates from 1/1/2020 to 31/12/2020 for your transactions
accounting
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started