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Format: Excel Template. Download the Excel file template from canvas. To submit, upload the completed excel file to submit your response. This is question P2-43
Format: Excel Template. Download the Excel file template from canvas. To submit, upload the completed excel file to submit your response. This is question P2-43 from the textbook principles of finacial accounting.
Instructions:
- Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Cleaning Supplies; Prepaid Rent; Prepaid Insurance; Equipment; Truck; Accounts Payable; Unearned Revenue; Notes Payable; Hideaway, Capital; Hideaway, Withdrawals; Service Revenue; Salaries Expense; Advertising Expense; and Utilities Expense. Explanations are not required.
- Open a T-account for each account.
- Post the journal entries to the T-accounts and calculate account balances.
- Prepare a trial balance as of November 30, 2018.
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