The Problem Set requires journal entries and creation of an Income Statement and Balance Sheet. The financial statement effects t

 

You can download the Problem Set Word document with instructions by clicking on the attached document.

The Problem Set requires journal entries and creation of an Income Statement and Balance Sheet. The financial statement effects template is not part of the Problem Set assignment.  You need to submit your Problem Set in either Word or Excel format   Excel is the preferred format for an Accounting class. (attached sample balance sheet, income statement and Journals)

It is also helpful for me to give partial credit if you share your computations for the entries requiring calculations. (Please find the attached excel for reference to show the computation for entries)

 

Supplemental Resources

How to make a Journal Entry

https://www.youtube.com/watch?v=g9efJduUVws

The video above illustrates how to make a journal entry in the general journal. It was prepared by Professor Anna Boulware at St. Charles Community CollegeAdjusting Journal Entries

https://youtu.be/I5mOQzgBB7QThe video above discusses Prepaid Expenses and Unearned Revenues. It was prepared by Professor Brenda Fowler on February 10, 2013.
https://www.youtube.com/watch?v=ePusoKQg2HQ The video above discusses Accrued Expenses and Accrued Revenues. It was prepared by Professor Brenda Fowler on February 10, 2013.  

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