Hi, Please advise how to complete the attached balance sheet and income statement using Journal entries. Problem
Question:
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Hi,
Please advise how to complete the attached balance sheet and income statement using Journal entries.
Problem 2: Analyzing the Effects of Adjusting Entries on the Accounting ModelFor this problem, fill in the Assessment 3, Problem 2 Template linked in the Resources (under the Capella Resources heading) and submit the Excel document for grading. You will also need to refer to Problem 1. Using + for increase, ? for decrease, and NE for no effect, indicate in the table provided the effect of each adjusting entry in Problem 1 (a through h) and the amount of the effect. Reminder: Assets = Liabilities + Stockholders' Equity; Revenues ? Expenses = Net Income; and Net Income accounts are closed to Retained Earnings, a part of Shareholders' Equity.
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Auditing Cases An Active Learning Approach
ISBN: 9781266566899
2nd Edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt