Basswood Furniture Project Balance Sheet

Basswood furniture project 60 create a post closing trial balance.

Basswood furniture project balance sheet.

First you ll need to set up the initial books of accounting. Make sure the total of the debits for the beginning balances in the g l accounts matches the total of the debits on the trial balance and that the total of the credits matches the total of the credits on the trial balance. Ian has copies of the balance sheet and income statements figures 16 and 17 in a microsoft word file fr om the. You had previously simulated the closing entries on the worksheet to.

This is a g l trial balance after you make and post the closing entries compare the balances on the trial balance with the figures in the balance. Basswood also can become drawer stock hidden furniture parts and painted items. Let me ask if you have the basswood furniture project from penn foster. I have attached the balance sheet and income statement that i submitted.

This is a g l trial balance after you make and post the closing entries compare the balances on the trial balance with the figures in the balance sheet column of the worksheet. I also have a spreadsheet to show each day where i posted the transactions. So many of my gl accounts are wrong so i not sure which ones i should go back to look at. Everything you need to complete the project is included in this basswood furniture project package.

The basswood furniture bookkeeping project is designed to simulate the transactions that occur in an office environment. It cuts cleanly nails screws and glues well though sanding leaves the surface woolly. Basswood is the wood of choice for many wood carvers. Bqlzr 300x200x1 5mm rectangle unfinished unpainted basswood wooden sheets for craft diy hand made project mini house building architectural model pack of 5 4 3 out of 5 stars 167 14 05 14.

Basswood furniture exam 390907 balance sheets and income statement. Remember the closing entries change the balances of the equity accounts. In industry it plays a role as boxes and food containers. Tell us more about what you need help with so we can help you best.

Next you ll record all the indicated transactions into the appropriate journals and post them accordingly. In this project you ll be the bookkeeper for basswood furniture a sole proprietorship that specializes in home furnishings and accessories. Enter the beginning balances from the g l trial balance in each account. Can be painted stained and finished without difficulty.

The tutor can help you get an a on your homework or ace your next test. Carvers prefer basswood because it holds detail well doesn t split has straight grain and carves easily.