2024 – ACC 600 Accounting and Finance for Managers Assignments Week One Exercise 1 Preparing the balance sheet
The account balances of Wilford Towing Service at June 30, 2016, follow: – 2024
2024 – ACC 600 Accounting and Finance for Managers Assignments Week One Exercise 1 Preparing the balance sheet.
ACC 600: Accounting and Finance for Managers
Assignments: Week One
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Exercise #1
Balance sheet
Preparing the balance sheet
The account balances of Wilford Towing Service at June 30, 2016, follow:
>instructions
Instructions
1. Prepare the balance sheet for Wilford Towing Service as of June 30, 2016.
2. What does the balance sheet report?
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Exercise #2
Journalizing transactions from T-accounts
Atkins’ lawn care company
In December 2016, the first five transactions of Atkins’ Lawn Care Company have been posted to the T-accounts.
>instructions
Instructions
Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry.
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>exercise #3
Exercise #3
Preparing a trial balance
The accounts of Aker Moving Company follow with their normal balances as of August 31, 2016. The accounts are listed in no particular order.
>instructions
Instructions
Prepare Aker’s trial balance as of August 31, 2016.
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