Problem 2 Complete the chart. Two rows have been completed for you as examples Tip: Some of these accounts are discussed in Chapters 7 & 8, and you can find them on the Sample General Ledger Accounts table at the back of your book (also available in the e-text). Accounting Equation Normal Financial Financial Statement Temporary Closed /Not Account Title Classification Balance Statement Classification /Permanent Closed Merchandise Inventory Asset Debit Balance Sheet Current Asset Permanent Not Closed Sales Discounts Contra-revenue Debit Income Statement Revenue Temporary Closed Sales Returns & Allowances Petty Cash Fund Allowance for Doubtful Accounts

Problem 2 Complete the chart. Two rows have been completed for you as examples Tip: Some of these accounts are discussed in Chapters 7 & 8, and you can find them on the Sample General Ledger Accounts table at the back of your book (also available in the e-text). Accounting Equation Normal Financial Financial Statement Temporary Closed /Not Account Title Classification Balance Statement Classification /Permanent Closed Merchandise Inventory Asset Debit Balance Sheet Current Asset Permanent Not Closed Sales Discounts Contra-revenue Debit Income Statement Revenue Temporary Closed Sales Returns & Allowances Petty Cash Fund Allowance for Doubtful Accounts

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter22: Master Budget (master)

Section: Chapter Questions

Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...

See similar textbooks

Similar questions

2. Discuss and explain the important things to consider in creating a chart of accounts (10 sentences)
Accounting practice problem (first three sub parts have been answered , just need remaining sub parts answered)- I attached a picture of the instructions and I attached a picture of the excel spreadsheet. Anywhere it says "formula" on the excel spreadsheet, needs the formulas (answers).
Helping tags: Accounting . . . . WILL UPVOTE, just pls help me answer the following. Thank you. :)
Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), $7,280; forecasted net income (cell D95), $40,200; total assets (cell D105), $507,600.
Sub : Accounting Pls answer ASAP. DONT CHATGPT.pls type the answer. i ll upvote . Thank You
sub : Accounting pls answer ASAP.Please type the answer. dnt CHATGPT. i ll upvote.
Note: RP AND IDR The book I use: Intermediate Accounting, Kieso, ifrs Edition, Fourth Edition Questions in image
1. In your own words, why do we need to know the importance of a chart of accounts? (7 sentences) 2. Discuss and explain the important things to consider in creating a chart of accounts (10 sentences)
16) When creating a new QuickBooks data file for an existing company, QuickBooks automatically offsets accounts receivable balances with an entry to the:A) Uncategorized Expenses accountB) Uncategorized Income accountC) Opening Balance Equity accountD) Capital Stock account Group of answer choices A B C D
Sub :AccountingPls answer ASAP.Dnt CHATGPT.I ll upvote. Thank You
Required • Ledger Additional Questions: 1. What are the advantages of the use of a ledger? 2. What are the steps in posting from the Journal to the Ledger?
Helping tags: Accounting management . . . . will UPVOTE, Just Pls help me answer #4 to #6 and show complete solutions. Thanks.