Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Accounting Principles 1 - Assignment Establish a virtual company in your name, suggest and Record at least 10 transactions for the company and use them

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The ISO 14000 EMS Audit Handbook

Authors: Greg Johnson

1st Edition

1574440691, 978-1574440690

More Books

Students also viewed these Accounting questions