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the question is all in this picture. That's all I have. Assignment - 1 Purpose The purpose of this assignment is to introduce students to

the question is all in this picture. That's all I have.

image text in transcribed Assignment - 1 Purpose The purpose of this assignment is to introduce students to create journal entries using Excel. Most of the journal entries in today's world are entered into the accounting software directly or are generated automatically from business transactions. However, special journal entries are needed to be created from time to time by accountants. T-accounts and Trial Balances are often prepared and utilized in accounting. You will be creating a template for T-accounts and Trial Balance in this assignment. Details There are six components of journal entries - date, accounts used in journal entry, debit amount, credit amount, note to explain the entry and posting reference. You will be required to create a journal entry format in Excel. Your instructor will show you how to create journal entries in Excel in class. You should take note on how to do it in class (or watch the recording later) and create your journal entry template. Sample journal template will be available in the class notes as well. When you are creating your journal template, you must ensure the following components are present in your template: a. Date b. Accounts c. Debit and Credit amount d. Note T-balance template and Trial Balance templates will be discussed in the class. The templates should be saved in an excel file and uploaded in the assignment - 1 section in Moodle. It is expected that the templates for each student will be unique. You will use the same templates for the future assignments. Please pay attention to this in the class. Marking Students will receive full marks for submission of a complete set of templates

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