Excercise_1_accounting_cycle_softbyte_blank

Excercise_1_accounting_cycle_softbyte_blank - Ref Debit...

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ACCT615 – Class Exercise 1 In-class Exercise (1) -Accounting Cycle: Softbyte Inc.- Date: _________________ Name________________________________ Part 1: Journal Entries ( original entries, adjusting entries, closing entries) J You may omit . GENERAL JOURNAL Page 1 Date 2010 Account Title & Explanation Ref Debit Credit 1/1 Cash (Asset Ç ) 15,000 Common Stock (Equity Ç ) 15,000 (1) (Issued common stocks for cash) (2) (3) (4) (5) (6) (7) (8)
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ACCT615 – Class Exercise 2 GENERAL JOURNAL Page 2 Date 2010 Account Title & Explanation Ref Debit Credit 1/31 Adjusting Entries (a) (b) (c) (d) (e)
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ACCT615 – Class Exercise 3 GENERAL JOURNAL Page 3 Date 2010 Account Title & Explanation
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Unformatted text preview: Ref Debit Credit 1/31 Closing Entries c Close Revenues Accounts d Close Expenses Accounts e Close Income Summary Account ACCT615 Class Exercise 4 Part 2: Ledger Accounts Assets Cash 1/1 15,000 Liabilities Stockholders Equity ( All accounts that affect Stockholders Equity: Paid-in-Capital accounts, R/E, Rev, Exp) Common Stock 1/1 15,000 ACCT615 Class Exercise 5 Part 3: Three Trial Balances Softbyte, Inc. Trial Balances Jan. 31, 2010 Trial Balance Adjusted Trial Balance Post-Closing Trial Balance Account Titles DR CR DR CR DR CR Cash 7,000 Supplies 1,000 9,000 6,500- 0 -4,000 1,000 200 5,000 15,000- 0 -...
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This note was uploaded on 03/18/2011 for the course ACCT 601 taught by Professor O'connel during the Spring '10 term at New York Institute of Technology-Westbury.

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Excercise_1_accounting_cycle_softbyte_blank - Ref Debit...

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