EBK FINANCIAL & MANAGERIAL ACCOUNTING
13th Edition
ISBN: 9780100545052
Author: WARREN
Publisher: YUZU
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Chapter 2, Problem 2.1BPR
(1) and (2)
To determine
T-account:
An account is referred to as a T-account, because the alignment of the components of the account resembles the capital letter ‘T’. An account consists of the three main components which are as follows:
- The title of the account
- The left or debit side
- The right or credit side
Unadjusted
The unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts before making
To record: The transactions directly in their respective T-accounts, and to determine their balances.
3.
To determine
To prepare: An unadjusted trial balance for Person KJ, Architect, as of April 30, 2016.
4.
To determine
The net income or net loss of Person KJ, Architect for the month of April.
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Chapter 2 Solutions
EBK FINANCIAL & MANAGERIAL ACCOUNTING
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