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Using all of this info please solve the last picture! Will Rate!!! You are the bookkeeper for a new small company that provides cricket training.
Using all of this info please solve the last picture! Will Rate!!!
You are the bookkeeper for a new small company that provides cricket training. As the bookkeeper, you have been given a list of 10 transactions that occurred during December. The owners have asked you to provide them with Financial Statements. Now, we need to determine the effect of the 10 transactions and create Financial Statements that accurately represent the financial position of the company. Part 1: In the table below, analyze the impact of the transactions on the Accounting Equation. Instructions: Consider the effect of each of the below transactions on the Accounting Equation. Under the appropriate category, list the amount of increase or decrease of each transaction and to which account it will be recorded. The first transaction is shown for you as an example. Pa sh Part 3: Before we create the financial statements, lets check what the balances are in each account. Below is a Trial Balance (Unadjusted). For the trial balance, we want to show what the ending balance is in each account, so that we can then put that account and its corresponding balance in the appropriate financial statement. Instructions: Based on the transactions in Part 1 and 2, calculate the balance in each account and list it below in the Unadjusted Trial balance. Part 4: Now, we want to make the following Financial Statements - Income Statement, Statement of Stockholder Equity, Balance Sheet, and Statement of Cash Flows. Instructions: Below, fill in the appropriate accounts in the correct Financial Statements. Also, fill in the corresponding values to show what the financial position is for the cricket company. 1. The Income Statement 2. Statement of Stockholder Equity 3. Balance Sheet 4Step by Step Solution
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