Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. could you please help me create a fictional journa

Could you please help me create a fictional journal entries (#3) 15-20 for a fictional...

80.2K

Verified Solution

Question

Accounting

Could you please help me create a fictional journal entries (#3) 15-20 for a fictional electronics store that I can use to create a balance sheet, income statement etc. (Initial owners investment is 50,000) image

1. Chart of Accounts 2. Source Documents, 2-3 different types 3. Journal Entries 4. Ledgers 5. Trial Balance, work sheet 6. Adjusting entries, work sheet 7. Balance Sheet Assets: current(cash, accounts receivable, inventory), fixed assets, Accumulated depreciation liabilities: current accounts payable, payroll taxes payable), long term (notes payable) 8. Income Statement Revenues (with cost of goods sold if applicable) Expenses: utilities, insurance, wages or salaries, taxes, rent/lease, etc. 9. Closing entries

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is meant by maximizing owner’s equity value (shareholder wealth)? Why are maximizing just net income,...

Finance
Q

x^2=ln(cy^2) Find the perpendicular orbits of the family of curves

Advance Math
Q

A population of ants has a body color that is either red or black. The color is...

Biology
Q

Give examples of three prosocial behaviors you would want to teach young children. Have you ever...

Psychology
Q

You plan to take out a $700,000 mortgage for 30 years with monthly payments. If you don’t...

Advance Math
Q

It is thought that the mean length of trout in lakes in a certain region is...

Basic Math
Q

Salaries of 43 college graduates who took a statistics course in college have a mean...

Statistics
Q

Let E be the solid that lies under the plane z = 3x + y...

Algebra
Q

Accounting 1. What is the basic equation underlying the income statement? 2. What does the...

Accounting
Q

1. Prepare journal entries to record these transactions and adjustments for 2010 and 2011. 2....

Accounting
Q

THESE ARE EXTRA CREDIT PROBLEMS PROBLEM 7.3B Aging Accounts Receivable; Write-offs Starlight, a Broadway media...

Accounting
Q

please help me ill like it right away The following adjusted trial balance...

Accounting