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Beginning Transactions on the first Excel worksheet will provide the Balance SheetIncome Statement For January 2 0 2 0 Balance Sheet as of January 3
"Beginning Transactions" on the first Excel worksheet will provide the Balance SheetIncome Statement For January
Balance Sheet as of January
How many units and at what cost are in inventory to start February?
Statement of Equity for January
for and the Transactions for January
On the second Excel worksheet, "Journal Entries", you should record the transactions
provided on the first Excel worksheet by creating Journal Entries with dates and
descriptions.
On the third Excel worksheet, Taccounts and trial balance", you should record the
required journal entries in the T accounts and prepare an unadjusted trial balance.
The fourth and final Excel worksheet, "Financial Statements", you will prepare an
Income Statement, Statement of Equity and a Balance Sheet as of January
and answer the inventory question. Chapter Appendix A Section in the text will
show examples of financial statements. This is very much like your assignment in
Week and there is a module for Financial Statement review which will have videos
to help.
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