Generate an overall report of your business transactions. 1. Journal Entries 2. T- accounts to 10 3. Trial Balance 4. Income Statement 5. Balance Sheet

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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parents (tuition).
Write the amount that you owed from your friends, family membe
pen, pencil, etc.) Compute the total.
Write your current savings and everything that they own (cloth
Instructions:
Additional Activities
ACTIVITY 1
Generate an overall report of your business transactions.
1. Journal Entries
2. T- accounts
3. Trial Balance
4. Income Statement
ol e elam
5. Balance Sheet
CTIVITY 2
doum wolk
PARTI- Preparing personal income statement:
Things needed:
doum voH
• Pen
4 piece of paper (a note book sheet is ok)
Calculator
Instructions:
allowance (computed by daily
Transcribed Image Text:parents (tuition). Write the amount that you owed from your friends, family membe pen, pencil, etc.) Compute the total. Write your current savings and everything that they own (cloth Instructions: Additional Activities ACTIVITY 1 Generate an overall report of your business transactions. 1. Journal Entries 2. T- accounts 3. Trial Balance 4. Income Statement ol e elam 5. Balance Sheet CTIVITY 2 doum wolk PARTI- Preparing personal income statement: Things needed: doum voH • Pen 4 piece of paper (a note book sheet is ok) Calculator Instructions: allowance (computed by daily
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