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  • 024 Exercise-Part-Two-Pre-Solutions

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    Mi Tv
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    This document is a daybook containing T-accounts that record transactions for a company's balance sheet and income statement for June 2015. The balance sheet T-accounts show equity being contributed on June 1st and purchases of property, plant & equipment and raw materials being paid for with cash. The income statement T-accounts track revenues and expenses like cost of goods sold and utilities, with no transactions recorded.

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    024 Exercise-Part-Two-Pre-Solutions.xlsx

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    This document is a daybook containing T-accounts that record transactions for a company's balance sheet and income statement for June 2015. The balance sheet T-accounts show equity being contributed on June 1st and purchases of property, plant & equipment and raw materials being paid for with cash. The income statement T-accounts track revenues and expenses like cost of goods sold and utilities, with no transactions recorded.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views7 pages

    024 Exercise-Part-Two-Pre-Solutions

    Uploaded by

    Mi Tv
    This document is a daybook containing T-accounts that record transactions for a company's balance sheet and income statement for June 2015. The balance sheet T-accounts show equity being contributed on June 1st and purchases of property, plant & equipment and raw materials being paid for with cash. The income statement T-accounts track revenues and expenses like cost of goods sold and utilities, with no transactions recorded.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Daybook

    Balance Sheet Income


    Date Account Debit Credit Date
    1 Jun 2015 Equity 3000
    1 Jun 2015 Cash 3000
    10 Jun 2015 PP&E 1000
    10 Jun 2015 Cash 1000
    12 Jun 2015 Raw materials 500
    12 Jun 2015 Cash 250
    12 Jun 2015 Trade Payables 250
    Income Statement
    Account Debit Credit
    T-accounts
    Balance Sheet
    Assets Liabilities & Equity

    Cash Equity

    Trade Payables
    PP&E

    Raw Materials
    Income Statement
    Liabilities & Equity Expenses

    Cost of goods sold Revenues

    Utility expenses
    Income
    Balance Sheet
    Income Statement

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