Unformatted text preview: 1. For the company you selected, prepare a journal entry for each transaction using the following accounts as needed: Cash Rental Revenue Buildings Misc. Revenue Property Rent Expense Note Payable Misc. Expense Capital Withdrawals 2. Prepare and post your journal entries to ledger accounts for each year. 3. Prepare an income statement, statement of owners’ equity and balance sheet for each year. 4. Briefly comment on your company’s results. 5. Briefly describe two changes (other than rolling the dice better!) that could help improve your company’s future performance....
View Full Document
This note was uploaded on 04/12/2009 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas.
- Fall '07