(ACC100 -Accountng) A-1 Photography Project & Errors

(ACC100 -Accountng) A-1 Photography Project & Errors -...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Week #3 Steps: 1) Read through the company history on pages 1 through 3. 2) Start recording the Journal Entries for Documents #1 through Document #24 (page 34 through page 43). 3) Record these journal entries on paper (or in excel) we will move to Peachtree later in the course. 4) For example Read Document #1 on p. 34 The journal entry to record Document #1 would be : Dr. Cash (Acct 10100) $10,000 Dr. Office Equipment (Acct 11000) $25,000 Dr. Photographic Equipment (Acct 10800) $50,000 Dr. Vehicle (Acct 11200) $12,500 Cr. Philip Browning, capital (Acct 30100) $97,500 Note : You can find a list of the Chart of Accounts on pages 2 and 3 (company history) Week #7 Steps: 5) Recording the Journal Entries for Documents #25 (page 43). 6) See check figures on page 44 7) Complete the T-accounts on pages 54 through 63 8) Complete a final trial balance, income statement, statement of owners equity and balance sheet (after all entries through document #25 are completed) 9) HintMake sure you pay special attention to the NOTE TO THE STUDENT for example on document 6...
View Full Document

This note was uploaded on 01/19/2012 for the course ACCOUNING ACC100 taught by Professor Rebecca during the Spring '11 term at Strayer.

Page1 / 2

(ACC100 -Accountng) A-1 Photography Project & Errors -...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online