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Unformatted text preview: A. could be “I put in cash.” There are no right or wrong descriptions for the transactions. ) A. You put $200 into the Cash Bucket. B. Your sister puts $150 into the Cash Bucket. C. Your sister takes $20 out of the Cash Bucket. D. You take $15 out of the Cash Bucket. E. Your Dad loans $100 to the Cash Bucket and you sign a Note for the loan. F. You take $25 out of the Cash Bucket, to pay-off a portion of Dad’s loan. Requirement 3 Compute an ending balance for each account. Be sure to place a Total Line in each account and the label “End. Bal.” Requirement 4 Prepare a Trial Balance. Requirement 5 Prepare a Balance Sheet. Requirement 6 Compare your solutions for Requirements 1 through 5 to the “Debits and Credits” screen in the “1-Stuff & Claims-to-Stuff.xls” workbook. Chapter 1 Additional Problem-- SOLID FOOTING Problem 1-3 Forms...
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- Winter '09