Financial Transactions, accounting assignment help
When you have no idea what to do with your written assignments, use a reliable paper writing service. Now you don’t need to worry about the deadlines, grades, or absence of ideas. Place an order on our site to get original papers for a low price.
Order a Similar Paper Order a Different Paper
Key Assignment Draft
Scenario
It is time for the staff accountants to begin preparing daily accounting transactions. In preparation for the upcoming audit, the accountants must ensure that these transactions are correct and are free from any misstatement. Because this is a new subsidiary of the company, there are no beginning balances.
As a staff accountant, your job is to do the following:
- Prepare the 10 transactions below by posting to the general journal. You should use an Excel spreadsheet to accomplish this task.
- Post the general journal entries to the general ledger in the Excel spreadsheet.
- Prepare a trial balance from the ending balances on the ledger. You should also use an Excel file for the trial balance.
Transactions
- Invested $50,000 in the business
- Paid $100 for phone service
- Purchased $35,000 equipment on credit
- Paid $3,000 for 3 months rent
- Paid $5,500 for 6 months of insurance
- Paid $1,000 for advertising on credit (Note: This is an expense to the company)
- Customer purchased $2,000 on account
- Customer in #7 paid $1,000 on account
- Paid for #6 advertising
- Sold to customer and received $5,000 cash
Click here for the General Journal Ledger template.
Please submit your assignment.
Get help with your complex tasks from our writing experts. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.
Get a 15% discount on your order using the following coupon code SAVE15
Order a Similar Paper Order a Different Paper
