Required Identify each event affecting the 2018 and 2019 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation. Complete this question by entering your answers in the tabs below. Acc Equ 2018 Acc Equ 2019 Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) ALCORN SERVICE COMPANY Accounting Equation for 2018 Assets Stockholders' Equity Common Retained Earnings Liabilities Туре of Event + Event Accounts Prepaid Accounts Salaries Unearned Cash Supplies Land %3D Receivable Rent Payable Payable Revenue Stock 1. 2. 3. %3D 4. 5. %3D 6. 7. 8. 9. + Totals + < Acc Equ 2018 Acc Equ 2019 >
Required Identify each event affecting the 2018 and 2019 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation. Complete this question by entering your answers in the tabs below. Acc Equ 2018 Acc Equ 2019 Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) ALCORN SERVICE COMPANY Accounting Equation for 2018 Assets Stockholders' Equity Common Retained Earnings Liabilities Туре of Event + Event Accounts Prepaid Accounts Salaries Unearned Cash Supplies Land %3D Receivable Rent Payable Payable Revenue Stock 1. 2. 3. %3D 4. 5. %3D 6. 7. 8. 9. + Totals + < Acc Equ 2018 Acc Equ 2019 >
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter2: Asset And Liability Valuation And Income Recognition
Section: Chapter Questions
Problem 20PC: Analyzing Transactions. Using the analytical framework, indicate the effect of the following related...
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