These are the instructions. You just make up the numbers. However, they should be reasonable. My balance sheet currently has $3,406,315,000 in total assets ($646,635,000 of those are current) and of course has the same amount in liabilities and equity.
1) You should create a scenario for 4 separate transactions that address the following issues from Chapters 10 and 11 (you can have a separate sheet for each scenario or one sheet that includes them A. Non-cash purchase of a long-term asset that is unrelated to any natural resource but which B. One self-constructed asset that will not be completed by the end of the year and for which C. One impairment of either goodwill or another long-term asset that is held and used, includes an asset retirement obligation, there is no specific borrowing, A change in depreciation - you pick the new remaining life and method to take effect as of the D. beginning of the second quarter and record entries for 2nd, 3rd, and 4th quarter. You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers 2) Record each transaction in the General Journal using the "General Journal" sheet. Your transactions should be recorded in proper general journal form, including the ATA,L,L, OEJ,OET arrows. If you need a refresher on what a general journal looks like, here is a picture of the format FITCOIN MINES GENERAL JOURNAL Entry Date JournalBalanced (in millions Debit $0.25 Description Ref. of S) Credit 1/5/20 17 Fair Value Adjustment Unrealized holding gain - NI OET $0.25 Adjust Ferrari Mechanics investment to fair value. 1) You should create a scenario for 4 separate transactions that address the following issues from Chapters 10 and 11 (you can have a separate sheet for each scenario or one sheet that includes them A. Non-cash purchase of a long-term asset that is unrelated to any natural resource but which B. One self-constructed asset that will not be completed by the end of the year and for which C. One impairment of either goodwill or another long-term asset that is held and used, includes an asset retirement obligation, there is no specific borrowing, A change in depreciation - you pick the new remaining life and method to take effect as of the D. beginning of the second quarter and record entries for 2nd, 3rd, and 4th quarter. You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers 2) Record each transaction in the General Journal using the "General Journal" sheet. Your transactions should be recorded in proper general journal form, including the ATA,L,L, OEJ,OET arrows. If you need a refresher on what a general journal looks like, here is a picture of the format FITCOIN MINES GENERAL JOURNAL Entry Date JournalBalanced (in millions Debit $0.25 Description Ref. of S) Credit 1/5/20 17 Fair Value Adjustment Unrealized holding gain - NI OET $0.25 Adjust Ferrari Mechanics investment to fair value
