This problem is designed to enable you to apply the knowledge you have acquired in the preceding chapters. In accounting, the ultimate test is being able to handle data in real life situations. This problem will give you valuable experience.
CHART OF ACCOUNTS
You are to record transactions in a two-column general journal. Assume that the fiscal period is one month. You will then be able to complete all of the steps in the accounting cycle.
When you are analyzing the transactions, think them through by visualizing the T accounts or by writing them down on scratch paper. For unfamiliar types of transactions, specific instructions for recording them are included. However, reason them out for yourself as well. Check off each transaction as it is recorded.
Required
Your instructor may want you to use a work sheet for these adjustments.
Check Figure
Trial balance total, $281,858; net income, $7,143; post-dosing trial balance total, $263,341
Intermediate Accounting: Reporting And Analysis
Financial And Managerial Accounting
Financial & Managerial Accounting
College Accounting, Chapters 1-27
Financial Accounting
Accounting Information Systems
Managerial Accounting: The Cornerstone of Business Decision-Making
Corporate Financial Accounting
Brief Principles of Macroeconomics (MindTap Course List)
Contemporary Marketing
Principles of Microeconomics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
MKTG 12:STUDENT ED.-TEXT
Accounting Information Systems
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Management, Loose-Leaf Version
Fundamentals of Financial Management (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Principles of Economics (MindTap Course List)
Foundations of Business (MindTap Course List)
Essentials of Economics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Financial Accounting
Financial & Managerial Accounting
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Accounting (Text Only)
Principles of Macroeconomics (MindTap Course List)
Exploring Economics
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Macroeconomics
Cornerstones of Cost Management (Cornerstones Series)
Practical Management Science
Microeconomics
Economics For Today
Economics (MindTap Course List)
Purchasing and Supply Chain Management
Cornerstones of Financial Accounting
Managerial Accounting
Micro Economics For Today
Economics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Understanding Management (MindTap Course List)
Principles of Microeconomics