BLADERUNNERS exercise _2 actual

BLADERUNNERS exercise _2 actual - BLADERUNNERS GB 112 Class...

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BLADERUNNERS GB 112 – Class Exercise #2 Bladerunners actually completed the following transactions in 2010. Required: A. Using the columnar approach developed in Exercise #1, analyze the following transactions and show their effect on assets, liabilities and stockholders’ equity. B. Prepare journal entries, in good form, for each of the transactions. C. Post the journal entries to T accounts using the template available on the GB112AllSections blackboard site. D. Prepare a trial balance. E. Prepare, in good form, an income statement for 2010, a statement of retained earnings for 2010, and a balance sheet as of December 31, 2010. 1. Yolanda, Evan and Greg invested $15,000 each from their own personal funds and received an additional $75,000 from the Beacon Hill Angel Investors in exchange for ownership interest in the new company. The company, named Bladerunners, was organized as a corporation. 2.
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This note was uploaded on 02/24/2010 for the course GB 112 taught by Professor Osterheld during the Spring '10 term at Bentley.

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BLADERUNNERS exercise _2 actual - BLADERUNNERS GB 112 Class...

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