DATEAAPBTuesday, February 1, 2022 CashACCTSaturday, January 1, 2022 Accounts ReceivableTuesday, March 1, 2022 CashSunday, May 1, 2022 CashJOURNALJOURNALFriday, April 1, 2022 TrucksRevenueLEDGER +Notes PayableAccounts ReceivableWednesday, June 1, 2022 ExpensesCashCashFriday, July 1, 2022 DividendsCashCRevenue3 Change the dates to be "short date"INSTRUCTIONSDRD4 Go to the Ledger sheet and continue to follow the instructions2752502754002253001 Use a formula to show the number of transactions (use the "date" column)=number of transactions60CRE275250 +275400225300602 The May transaction has account titles that are right-aligned. Make them left aligned (like the others)F

The number of transaction which has been occurred during the period can be easily determined from…

1 Use a formula to show the number of transactions (use the "date" column) =number of transactions 2 The May transaction has account titles that are right-aligned. Make them left aligned (like the others) 3 Change the dates to be "short date"

1 Use a formula to show the number of transactions (use the "date" column) =number of transactions 2 The May transaction has account titles that are right-aligned. Make them left aligned (like the others) 3 Change the dates to be "short date"

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

DATE
A
AP
B
Tuesday, February 1, 2022 Cash
ACCT
Saturday, January 1, 2022 Accounts Receivable
Tuesday, March 1, 2022 Cash
Sunday, May 1, 2022 Cash
JOURNAL
JOURNAL
Friday, April 1, 2022 Trucks
Revenue
LEDGER +
Notes Payable
Accounts Receivable
Wednesday, June 1, 2022 Expenses
Cash
Cash
Friday, July 1, 2022 Dividends
Cash
C
Revenue
3 Change the dates to be "short date"
INSTRUCTIONS
DR
D
4 Go to the Ledger sheet and continue to follow the instructions
275
250
275
400
225
300
1 Use a formula to show the number of transactions (use the "date" column)
=number of transactions
60
CR
E
275
250 +
275
400
225
300
60
2 The May transaction has account titles that are right-aligned. Make them left aligned (like the others)
F

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