Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This assignment is designed for you to complete in groups of seven (7) members. The purpose is for you to help each other out. Your

image text in transcribedThis assignment is designed for you to complete in groups of seven (7) members. The purpose is for you to help each other out. Your task is to complete the following Textbook Exercises: Analyzing Business Transactions M2-9 p.78 Journalising Business Transactions M2-10 Posting to T-Accounts M2-11 Prepare a Trial Balance based on M2-11 Key in your answers to the spreadsheet attached. A discussion forum is provided for each group to discuss your approach and proposed answers. You may assign a team leader if you wish. The list of group members is posted in the respective forum. Only ONE member is required to submit the completed spreadsheet on behalf of the group. Make sure you complete the list of members who contributed in Sheet 1 of the spreadsheet. Rename the file with the filename: Group Name- Week 3 Assignment e.g. Section 1A- Week 3 Assignment

please answer for M2-10 and example format..thank you

Lo2-3 M2-10 Preparing Journal Entries For each of the transactions in M2-9 (including the sample), write the journal entry using the format shown in this chaptef (omit explanations). L02-3 M2-11 Posting to T-Accounts For each of the transactions in M2-9 (including the sample), post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. 102-4 M2-12 Reporting a Classified Balance Sheet Given the transactions in M29 (including the sample), prepare a classified bafance sheet for Spotlighter, Inc., as of January 31 . L0 2.3 M2.13 Identifying Transactions and Preparing Journat Entries J.K. Builders was incorporated on July 1. Prepare journal entries for the following events from the first month of business, If the event is not a transaction, write "no transaction" Lo2-3 M2-10 Preparing Journal Entries For each of the transactions in M2-9 (including the sample), write the journal entry using the format shown in this chaptef (omit explanations). L02-3 M2-11 Posting to T-Accounts For each of the transactions in M2-9 (including the sample), post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. 102-4 M2-12 Reporting a Classified Balance Sheet Given the transactions in M29 (including the sample), prepare a classified bafance sheet for Spotlighter, Inc., as of January 31 . L0 2.3 M2.13 Identifying Transactions and Preparing Journat Entries J.K. Builders was incorporated on July 1. Prepare journal entries for the following events from the first month of business, If the event is not a transaction, write "no transaction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Energy Audits

Authors: Albert Thumann, William J. Younger

6th Edition

0824709985, 978-0824709983

More Books

Students also viewed these Accounting questions

Question

3. Outline the four major approaches to informative speeches

Answered: 1 week ago

Question

4. Employ strategies to make your audience hungry for information

Answered: 1 week ago