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Instructions: Step 1 - Enter the following transactions on the Account Registers below. Step 2 - Complete the Financial Statements to the right by selecting
Instructions: Step Enter the following transactions on the Account Registers below. Step Complete the Financial Statements to the right by selecting the appropriate account from the Dropdown list and entering the correct Balance. NOTE: You should only type in the Blue boxes.
You make a credit card payment of $ from your Cash account Provided as an example on the template
You borrow $ from your bank to buy a car.
You receive your salary of $ for the week, and your employer pays you in cash.
You withdraw $ from your "Cash" account to pay for your monthly rent expense.
You win $ cash in the lottery! You deposit this money in your "Cash" account. HINT: Lottery winnings are Income.
You make your first car payment of $ and you pay with a direct withdrawal from your "Cash" account.
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