please solve questions A) to H)
THE RECOADING PROCESS lo are a find-year univeraty sudent and very escited ahout moving away from home to no io so: that cost 5200 You have kept all of the recripts for all od yous ex December 1s On Deceinber 15 , you checked the balance in your bank account and you only have $6,000 cast:. You cant skep, because yea know there are some errors in your accounting records and that you will probably have to ask your parents for more money for the next semester. Instructions (a) Calculate your personal equity (deficit) at September 1,2014. (b) Prepare a conected trial balance at December 15, 2014. For cach error identified. describe the error, (c) Calcalae your tosal expenses for the semester and your personal couity (deficit) at December 15, 2014. (d) Prepare a personal balance sheet at December 15,2014. (c) Assaming you wil thave the same expenses in thesecond semester, will you have enough cash to pgy for them? (i) Are there any expenses you might be able to avoid in the secousd semester to save cash? (g) Are there any additional cash crpenditures that will need to be made in the second semester? (f) Will it be necessary for you to ask your parents for more money for the next sementer? Explain. THE RECOADING PROCESS lo are a find-year univeraty sudent and very escited ahout moving away from home to no io so: that cost 5200 You have kept all of the recripts for all od yous ex December 1s On Deceinber 15 , you checked the balance in your bank account and you only have $6,000 cast:. You cant skep, because yea know there are some errors in your accounting records and that you will probably have to ask your parents for more money for the next semester. Instructions (a) Calculate your personal equity (deficit) at September 1,2014. (b) Prepare a conected trial balance at December 15, 2014. For cach error identified. describe the error, (c) Calcalae your tosal expenses for the semester and your personal couity (deficit) at December 15, 2014. (d) Prepare a personal balance sheet at December 15,2014. (c) Assaming you wil thave the same expenses in thesecond semester, will you have enough cash to pgy for them? (i) Are there any expenses you might be able to avoid in the secousd semester to save cash? (g) Are there any additional cash crpenditures that will need to be made in the second semester? (f) Will it be necessary for you to ask your parents for more money for the next sementer? Explain