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Problem 1 1 A Jenny Ball started BALL COMPUTER REPAIR SHOP on September 1 of the current year. ( a ) On the following page,
Problem A Jenny Ball started BALL COMPUTER REPAIR SHOP on September of the current year. a On the following page, prepare a tabular analysis of the transactions, using the provided account labels at the top of the columns. If there is a change to the Ball, Capitol account, identify the reason next to it b Prepare an Income Statement, a Statement of Owners Equity, and a Balance Sheet from the results in a in PROPER FORMAT. c Calculate and comment on the Liability to Equity Ratio for this company at month end
Problem A Jenny Ball started BALL COMPUTER REPAIR SHOP on September of the current year.
a On the following page, prepare a tabular analysis of the transactions, using the provided account labels at the top of the columns. If there is a change to the Ball, Capitol account, identify the reason next to it
b Prepare an Income Statement, a Statement of Owners Equity, and a Balance Sheet from the results in a in PROPER FORMAT.
c Calculate and comment on the Liability to Equity Ratio for this company at month end
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