Answered: Generate an overall report of your…

Generate an overall report of your business transactions. 1. Journal Entries 2. T- accounts to 10 3. Trial Balance 4. Income Statement 5. Balance Sheet

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

parents (tuition).
Write the amount that you owed from your friends, family membe
pen, pencil, etc.) Compute the total.
Write your current savings and everything that they own (cloth
Instructions:
Additional Activities
ACTIVITY 1
Generate an overall report of your business transactions.
1. Journal Entries
2. T- accounts
3. Trial Balance
4. Income Statement
ol e elam
5. Balance Sheet
CTIVITY 2
doum wolk
PARTI- Preparing personal income statement:
Things needed:
doum voH
• Pen
4 piece of paper (a note book sheet is ok)
Calculator
Instructions:
allowance (computed by daily

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