Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can somebody help me to correct and complete this pages? thank you! Ticket Sensation, Inc. markets and sells tickets to events in Atlanta. Here are

Can somebody help me to correct and complete this pages? thank you!
image text in transcribed
image text in transcribed
Ticket Sensation, Inc. markets and sells tickets to events in Atlanta. Here are their account balances in their adjusted trial balance (albeit in poor order). 1. Under the column "Account Type" identify each account as: (10 pts) A-asset L= liability CA= contra Q-equity R= revenue E= expense 2. Under the column"Fin/Stmt", identify on which financial statement each account will appear: (10 pts) BS = balance sheet IS = income statement. SHE = statement of statement of shareholders' equity 3. Under the "DR and CR" columns, put an " X " in the column that indicates the normal balance of each account. (Remember what normal balance means?) (10 pts) 4. The debits will not equal the credits because of the missing amount for "Cash". Find the missing amount, and identify whether this account would be a normal credit or debit. 5. Prepare the 3 financial statements in good form, including the three line heading. (1) the Income Statement (10 pts) (2) the Statement of Retained Eamings, and (10 pts) (3) the Balance Sheet (20 pts) Exthe31decentteoEndingIncoreStatowentTicieetSersetios Revenues

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

My Favorite Auditor Gave Me This Book

Authors: Funny Planner Publishing

1st Edition

1676058060, 978-1676058069

More Books

Students also viewed these Accounting questions